Sparinvest INDEX (Denmark) Market Value
| SPVIHRKL | DKK 121.50 0.15 0.12% |
| Symbol | Sparinvest |
Please note, there is a significant difference between Sparinvest INDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparinvest INDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparinvest INDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sparinvest INDEX 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sparinvest INDEX's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sparinvest INDEX.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Sparinvest INDEX on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sparinvest INDEX Hj or generate 0.0% return on investment in Sparinvest INDEX over 90 days. More
Sparinvest INDEX Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sparinvest INDEX's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sparinvest INDEX Hj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.7767 |
Sparinvest INDEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparinvest INDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparinvest INDEX's standard deviation. In reality, there are many statistical measures that can use Sparinvest INDEX historical prices to predict the future Sparinvest INDEX's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.58) |
Sparinvest INDEX Backtested Returns
Sparinvest INDEX owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the fund had a -0.2 % return per unit of risk over the last 3 months. Sparinvest INDEX Hj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sparinvest INDEX's Coefficient Of Variation of (467.09), risk adjusted performance of (0.19), and Variance of 0.3717 to confirm the risk estimate we provide. The entity has a beta of 0.0891, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparinvest INDEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparinvest INDEX is expected to be smaller as well.
Auto-correlation | -0.55 |
Good reverse predictability
Sparinvest INDEX Hj has good reverse predictability. Overlapping area represents the amount of predictability between Sparinvest INDEX time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sparinvest INDEX price movement. The serial correlation of -0.55 indicates that about 55.0% of current Sparinvest INDEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 9.66 |
Sparinvest INDEX lagged returns against current returns
Autocorrelation, which is Sparinvest INDEX fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sparinvest INDEX's fund expected returns. We can calculate the autocorrelation of Sparinvest INDEX returns to help us make a trade decision. For example, suppose you find that Sparinvest INDEX has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sparinvest INDEX regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sparinvest INDEX fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparinvest INDEX fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparinvest INDEX fund over time.
Current vs Lagged Prices |
| Timeline |
Sparinvest INDEX Lagged Returns
When evaluating Sparinvest INDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparinvest INDEX fund have on its future price. Sparinvest INDEX autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sparinvest INDEX autocorrelation shows the relationship between Sparinvest INDEX fund current value and its past values and can show if there is a momentum factor associated with investing in Sparinvest INDEX Hj.
Regressed Prices |
| Timeline |
Other Information on Investing in Sparinvest Fund
Sparinvest INDEX financial ratios help investors to determine whether Sparinvest Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sparinvest with respect to the benefits of owning Sparinvest INDEX security.
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