Vestjysk Bank (Denmark) Market Value
| VJBA Stock | DKK 4.08 0.05 1.21% |
| Symbol | Vestjysk |
Vestjysk Bank '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 Vestjysk Bank's stock 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 Vestjysk Bank.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Vestjysk Bank on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Vestjysk Bank AS or generate 0.0% return on investment in Vestjysk Bank over 30 days. Vestjysk Bank is related to or competes with Sydbank AS, Jyske Bank, Alm Brand, and Nordea Bank. Vestjysk Bank AS provides banking products and services for retail and business customers in Jutland, Denmark More
Vestjysk Bank 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 Vestjysk Bank's stock 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 Vestjysk Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.19 |
Vestjysk Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vestjysk Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vestjysk Bank's standard deviation. In reality, there are many statistical measures that can use Vestjysk Bank historical prices to predict the future Vestjysk Bank's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.831 |
Vestjysk Bank AS Backtested Returns
Vestjysk Bank AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Vestjysk Bank AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vestjysk Bank's Risk Adjusted Performance of (0.07), coefficient of variation of (1,096), and Variance of 0.5821 to confirm the risk estimate we provide. The entity has a beta of -0.0958, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vestjysk Bank are expected to decrease at a much lower rate. During the bear market, Vestjysk Bank is likely to outperform the market. At this point, Vestjysk Bank AS has a negative expected return of -0.0851%. Please make sure to validate Vestjysk Bank's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Vestjysk Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Vestjysk Bank AS has below average predictability. Overlapping area represents the amount of predictability between Vestjysk Bank time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vestjysk Bank AS price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Vestjysk Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vestjysk Bank AS lagged returns against current returns
Autocorrelation, which is Vestjysk Bank stock'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 Vestjysk Bank's stock expected returns. We can calculate the autocorrelation of Vestjysk Bank returns to help us make a trade decision. For example, suppose you find that Vestjysk Bank has exhibited high autocorrelation historically, and you observe that the stock 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 |
Vestjysk Bank 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 Vestjysk Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vestjysk Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vestjysk Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Vestjysk Bank Lagged Returns
When evaluating Vestjysk Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vestjysk Bank stock have on its future price. Vestjysk Bank 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, Vestjysk Bank autocorrelation shows the relationship between Vestjysk Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Vestjysk Bank AS.
Regressed Prices |
| Timeline |
Pair Trading with Vestjysk Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vestjysk Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vestjysk Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Vestjysk Stock
Moving against Vestjysk Stock
The ability to find closely correlated positions to Vestjysk Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vestjysk Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vestjysk Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vestjysk Bank AS to buy it.
The correlation of Vestjysk Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vestjysk Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vestjysk Bank AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vestjysk Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Vestjysk Stock
Vestjysk Bank financial ratios help investors to determine whether Vestjysk Stock 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 Vestjysk with respect to the benefits of owning Vestjysk Bank security.