Djurslands Bank (Denmark) Market Value
| DJUR Stock | DKK 520.00 5.00 0.97% |
| Symbol | Djurslands |
Djurslands 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 Djurslands 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 Djurslands Bank.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Djurslands Bank on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Djurslands Bank or generate 0.0% return on investment in Djurslands Bank over 210 days. Djurslands Bank is related to or competes with FLSmidth, Danske Bank, ISS AS, and DSV Panalpina. Djurslands Bank AS provides various banking products and services in Denmark More
Djurslands 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 Djurslands 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 Djurslands Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 0.9804 |
Djurslands Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Djurslands Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Djurslands Bank's standard deviation. In reality, there are many statistical measures that can use Djurslands Bank historical prices to predict the future Djurslands Bank's volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.16) |
Djurslands Bank Backtested Returns
As of now, Djurslands Stock is very steady. Djurslands Bank secures Sharpe Ratio (or Efficiency) of 0.0218, which denotes the company had a 0.0218% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Djurslands Bank, which you can use to evaluate the volatility of the firm. Please confirm Djurslands Bank's Mean Deviation of 0.6057, coefficient of variation of 4827.6, and Downside Deviation of 1.4 to check if the risk estimate we provide is consistent with the expected return of 0.0183%. Djurslands Bank has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0535, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Djurslands Bank are expected to decrease at a much lower rate. During the bear market, Djurslands Bank is likely to outperform the market. Djurslands Bank right now shows a risk of 0.84%. Please confirm Djurslands Bank total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Djurslands Bank will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Djurslands Bank has insignificant reverse predictability. Overlapping area represents the amount of predictability between Djurslands Bank time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Djurslands Bank price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Djurslands Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 17.19 |
Djurslands Bank lagged returns against current returns
Autocorrelation, which is Djurslands 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 Djurslands Bank's stock expected returns. We can calculate the autocorrelation of Djurslands Bank returns to help us make a trade decision. For example, suppose you find that Djurslands 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 |
Djurslands 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 Djurslands Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Djurslands Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Djurslands Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Djurslands Bank Lagged Returns
When evaluating Djurslands Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Djurslands Bank stock have on its future price. Djurslands 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, Djurslands Bank autocorrelation shows the relationship between Djurslands Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Djurslands Bank.
Regressed Prices |
| Timeline |
Pair Trading with Djurslands 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 Djurslands 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 Djurslands Bank will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Djurslands 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 Djurslands 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 Djurslands 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 Djurslands Bank to buy it.
The correlation of Djurslands 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 Djurslands Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Djurslands Bank 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 Djurslands 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 Djurslands Stock
Djurslands Bank financial ratios help investors to determine whether Djurslands 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 Djurslands with respect to the benefits of owning Djurslands Bank security.