Laan Spar (Denmark) Market Value
| LASP Stock | DKK 680.00 5.00 0.74% |
| Symbol | Laan |
Laan Spar '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 Laan Spar'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 Laan Spar.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Laan Spar on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Laan Spar Bank or generate 0.0% return on investment in Laan Spar over 30 days. Laan Spar is related to or competes with Vestjysk Bank, Skjern Bank, Groenlandsbanken, Kreditbanken, and Lollands Bank. Ln Spar Bank AS provides various banking products and services in Denmark More
Laan Spar 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 Laan Spar'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 Laan Spar Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.26 |
Laan Spar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laan Spar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laan Spar's standard deviation. In reality, there are many statistical measures that can use Laan Spar historical prices to predict the future Laan Spar's volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0723 |
Laan Spar Bank Backtested Returns
As of now, Laan Stock is very steady. Laan Spar Bank has Sharpe Ratio of 0.007, which conveys that the firm had a 0.007% return per unit of risk over the last 3 months. We have found thirty technical indicators for Laan Spar, which you can use to evaluate the volatility of the firm. Please verify Laan Spar's Downside Deviation of 1.72, risk adjusted performance of 0.0213, and Mean Deviation of 0.8734 to check out if the risk estimate we provide is consistent with the expected return of 0.0101%. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Laan Spar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Laan Spar is expected to be smaller as well. Laan Spar Bank right now secures a risk of 1.44%. Please verify Laan Spar Bank downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Laan Spar Bank will be following its current price movements.
Auto-correlation | 0.02 |
Virtually no predictability
Laan Spar Bank has virtually no predictability. Overlapping area represents the amount of predictability between Laan Spar time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Laan Spar Bank price movement. The serial correlation of 0.02 indicates that only 2.0% of current Laan Spar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 28.93 |
Laan Spar Bank lagged returns against current returns
Autocorrelation, which is Laan Spar 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 Laan Spar's stock expected returns. We can calculate the autocorrelation of Laan Spar returns to help us make a trade decision. For example, suppose you find that Laan Spar 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 |
Laan Spar 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 Laan Spar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laan Spar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laan Spar stock over time.
Current vs Lagged Prices |
| Timeline |
Laan Spar Lagged Returns
When evaluating Laan Spar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laan Spar stock have on its future price. Laan Spar 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, Laan Spar autocorrelation shows the relationship between Laan Spar stock current value and its past values and can show if there is a momentum factor associated with investing in Laan Spar Bank.
Regressed Prices |
| Timeline |
Pair Trading with Laan Spar
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 Laan Spar 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 Laan Spar will appreciate offsetting losses from the drop in the long position's value.Moving against Laan Stock
The ability to find closely correlated positions to Laan Spar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laan Spar 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 Laan Spar - 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 Laan Spar Bank to buy it.
The correlation of Laan Spar 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 Laan Spar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laan Spar 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 Laan Spar 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 Laan Stock
Laan Spar financial ratios help investors to determine whether Laan 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 Laan with respect to the benefits of owning Laan Spar security.