Schouw (Denmark) Market Value
| SCHO Stock | DKK 543.00 5.00 0.91% |
| Symbol | Schouw |
Schouw '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 Schouw'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 Schouw.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Schouw on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Schouw Co or generate 0.0% return on investment in Schouw over 210 days. Schouw is related to or competes with DFDS AS, NKT AS, ALK Abell, and ROCKWOOL International. Aktieselskabet Schouw Co. operates as an industrial conglomerate in Denmark and internationally More
Schouw 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 Schouw'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 Schouw Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.55 |
Schouw Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schouw's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schouw's standard deviation. In reality, there are many statistical measures that can use Schouw historical prices to predict the future Schouw's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.34) |
Schouw Backtested Returns
Schouw owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0889, which indicates the firm had a -0.0889% return per unit of risk over the last 3 months. Schouw Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schouw's Coefficient Of Variation of (1,503), risk adjusted performance of (0.04), and Variance of 1.11 to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Schouw's returns are expected to increase less than the market. However, during the bear market, the loss of holding Schouw is expected to be smaller as well. At this point, Schouw has a negative expected return of -0.0939%. Please make sure to validate Schouw's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Schouw performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Schouw Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Schouw time series from 16th of May 2024 to 29th of August 2024 and 29th of August 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 Schouw price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Schouw price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 171.27 |
Schouw lagged returns against current returns
Autocorrelation, which is Schouw 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 Schouw's stock expected returns. We can calculate the autocorrelation of Schouw returns to help us make a trade decision. For example, suppose you find that Schouw 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 |
Schouw 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 Schouw stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schouw stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schouw stock over time.
Current vs Lagged Prices |
| Timeline |
Schouw Lagged Returns
When evaluating Schouw's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schouw stock have on its future price. Schouw 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, Schouw autocorrelation shows the relationship between Schouw stock current value and its past values and can show if there is a momentum factor associated with investing in Schouw Co.
Regressed Prices |
| Timeline |
Pair Trading with Schouw
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 Schouw 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 Schouw will appreciate offsetting losses from the drop in the long position's value.Moving together with Schouw Stock
Moving against Schouw Stock
| 0.59 | SYDB | Sydbank AS | PairCorr |
| 0.49 | DSV | DSV Panalpina AS | PairCorr |
| 0.45 | SPNO | Spar Nord Bank | PairCorr |
| 0.32 | NDA-DK | Nordea Bank Abp | PairCorr |
The ability to find closely correlated positions to Schouw could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schouw 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 Schouw - 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 Schouw Co to buy it.
The correlation of Schouw 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 Schouw moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schouw 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 Schouw 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 Schouw Stock
Schouw financial ratios help investors to determine whether Schouw 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 Schouw with respect to the benefits of owning Schouw security.