Nordfyns Bank (Denmark) Market Value
| NRDF Stock | DKK 316.00 2.00 0.63% |
| Symbol | Nordfyns |
Nordfyns 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 Nordfyns 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 Nordfyns Bank.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nordfyns Bank on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nordfyns Bank AS or generate 0.0% return on investment in Nordfyns Bank over 90 days. Nordfyns Bank is related to or competes with Skjern Bank, Lollands Bank, Djurslands Bank, and Moens Bank. Nordfyns Bank AS provides banking and related financial products for private and professional customers More
Nordfyns 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 Nordfyns 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 Nordfyns Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.6024 |
Nordfyns Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordfyns Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordfyns Bank's standard deviation. In reality, there are many statistical measures that can use Nordfyns Bank historical prices to predict the future Nordfyns Bank's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.06 |
Nordfyns Bank AS Backtested Returns
Nordfyns Bank AS has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of risk over the last 3 months. Nordfyns Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordfyns Bank's Mean Deviation of 0.5046, standard deviation of 0.6538, and Risk Adjusted Performance of (0.18) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0791, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordfyns Bank are expected to decrease at a much lower rate. During the bear market, Nordfyns Bank is likely to outperform the market. At this point, Nordfyns Bank AS has a negative expected return of -0.15%. Please make sure to verify Nordfyns Bank's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Nordfyns Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Nordfyns Bank AS has insignificant predictability. Overlapping area represents the amount of predictability between Nordfyns Bank time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Nordfyns Bank AS price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Nordfyns Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 84.56 |
Nordfyns Bank AS lagged returns against current returns
Autocorrelation, which is Nordfyns 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 Nordfyns Bank's stock expected returns. We can calculate the autocorrelation of Nordfyns Bank returns to help us make a trade decision. For example, suppose you find that Nordfyns 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 |
Nordfyns 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 Nordfyns Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordfyns Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordfyns Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Nordfyns Bank Lagged Returns
When evaluating Nordfyns Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordfyns Bank stock have on its future price. Nordfyns 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, Nordfyns Bank autocorrelation shows the relationship between Nordfyns Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Nordfyns Bank AS.
Regressed Prices |
| Timeline |
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 together with Nordfyns Stock
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.