Nordfyns Bank Ownership
| NRDF Stock | DKK 342.00 2.00 0.59% |
Nordfyns |
Nordfyns Stock Ownership Analysis
The company has price-to-book ratio of 0.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nordfyns Bank AS recorded earning per share (EPS) of 17.63. The entity last dividend was issued on the 23rd of March 2017. The firm had 5:1 split on the 25th of August 2020. Nordfyns Bank AS provides banking and related financial products for private and professional customers. Nordfyns Bank AS was founded in 1897 and is based in Bogense, Denmark. Nordfyns Bank operates under Banking classification in Denmark and is traded on Copenhagen Stock Exchange. To find out more about Nordfyns Bank AS contact Holger Bruun at 45 59 48 93 00 or learn more at https://www.nordfynsbank.dk.Nordfyns Bank Outstanding Bonds
Nordfyns Bank issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Nordfyns Bank AS uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Nordfyns bonds can be classified according to their maturity, which is the date when Nordfyns Bank AS has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Nordfyns 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 Nordfyns 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 Nordfyns Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Nordfyns Stock
The ability to find closely correlated positions to Nordfyns 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 Nordfyns 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 Nordfyns 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 Nordfyns Bank AS to buy it.
The correlation of Nordfyns 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 Nordfyns Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordfyns 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 Nordfyns 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 Nordfyns Stock
Nordfyns Bank financial ratios help investors to determine whether Nordfyns 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 Nordfyns with respect to the benefits of owning Nordfyns Bank security.