Dampskibsselskabet Norden As Stock Beta

DNORD Stock  DKK 213.00  0.60  0.28%   
Dampskibsselskabet Norden AS fundamentals help investors to digest information that contributes to Dampskibsselskabet's financial success or failures. It also enables traders to predict the movement of Dampskibsselskabet Stock. The fundamental analysis module provides a way to measure Dampskibsselskabet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dampskibsselskabet stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Dampskibsselskabet Norden AS Company Beta Analysis

Dampskibsselskabet's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

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Covariance

Variance

More About Beta | All Equity Analysis

Current Dampskibsselskabet Beta

    
  0.84  
Most of Dampskibsselskabet's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dampskibsselskabet Norden AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Dampskibsselskabet Norden AS has a Beta of 0.8363. This is 38.96% lower than that of the Marine sector and significantly higher than that of the Industrials industry. The beta for all Denmark stocks is notably lower than that of the firm.

Dampskibsselskabet Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dampskibsselskabet's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dampskibsselskabet could also be used in its relative valuation, which is a method of valuing Dampskibsselskabet by comparing valuation metrics of similar companies.
Dampskibsselskabet is currently under evaluation in beta category among its peers.
As returns on the market increase, Dampskibsselskabet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dampskibsselskabet is expected to be smaller as well.

Dampskibsselskabet Fundamentals

About Dampskibsselskabet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dampskibsselskabet Norden AS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dampskibsselskabet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dampskibsselskabet Norden AS based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Dampskibsselskabet

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 Dampskibsselskabet 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 Dampskibsselskabet will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dampskibsselskabet Stock

  0.81JYSK Jyske Bank ASPairCorr
  0.66NOVO-B Novo Nordisk ASPairCorr
  0.85ORSTED Orsted ASPairCorr

Moving against Dampskibsselskabet Stock

  0.92RILBA Ringkjoebing LandbobankPairCorr
  0.67SYDB Sydbank ASPairCorr
  0.64SPNO Spar Nord BankPairCorr
The ability to find closely correlated positions to Dampskibsselskabet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dampskibsselskabet 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 Dampskibsselskabet - 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 Dampskibsselskabet Norden AS to buy it.
The correlation of Dampskibsselskabet 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 Dampskibsselskabet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dampskibsselskabet 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 Dampskibsselskabet 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Dampskibsselskabet Stock

Dampskibsselskabet financial ratios help investors to determine whether Dampskibsselskabet 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 Dampskibsselskabet with respect to the benefits of owning Dampskibsselskabet security.