Erria AS (Denmark) Market Value
| ERRIA Stock | DKK 3.74 0.18 5.06% |
| Symbol | Erria |
Erria AS '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 Erria AS'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 Erria AS.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Erria AS on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Erria AS or generate 0.0% return on investment in Erria AS over 30 days. Erria AS is related to or competes with CBrain AS, Netcompany Group, and ChemoMetec. Erria AS engages in shipping and shipping related activities worldwide More
Erria AS 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 Erria AS'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 Erria AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0209 | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.14 |
Erria AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erria AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erria AS's standard deviation. In reality, there are many statistical measures that can use Erria AS historical prices to predict the future Erria AS's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | 0.1391 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erria AS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Erria AS Backtested Returns
We consider Erria AS relatively risky. Erria AS secures Sharpe Ratio (or Efficiency) of 0.0124, which denotes the company had a 0.0124% return per unit of risk over the last 3 months. We have found thirty technical indicators for Erria AS, which you can use to evaluate the volatility of the firm. Please confirm Erria AS's Downside Deviation of 3.07, mean deviation of 1.89, and Coefficient Of Variation of 2374.04 to check if the risk estimate we provide is consistent with the expected return of 0.0348%. The firm shows a Beta (market volatility) of -0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Erria AS are expected to decrease at a much lower rate. During the bear market, Erria AS is likely to outperform the market. Erria AS right now shows a risk of 2.81%. Please confirm Erria AS sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Erria AS will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Erria AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Erria AS time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Erria AS price movement. The serial correlation of -0.2 indicates that over 20.0% of current Erria AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Erria AS lagged returns against current returns
Autocorrelation, which is Erria AS 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 Erria AS's stock expected returns. We can calculate the autocorrelation of Erria AS returns to help us make a trade decision. For example, suppose you find that Erria AS 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 |
Erria AS 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 Erria AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erria AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erria AS stock over time.
Current vs Lagged Prices |
| Timeline |
Erria AS Lagged Returns
When evaluating Erria AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erria AS stock have on its future price. Erria AS 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, Erria AS autocorrelation shows the relationship between Erria AS stock current value and its past values and can show if there is a momentum factor associated with investing in Erria AS.
Regressed Prices |
| Timeline |
Pair Trading with Erria AS
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 Erria AS 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 Erria AS will appreciate offsetting losses from the drop in the long position's value.Moving against Erria Stock
| 0.54 | BOOZT-DKK | Boozt AB | PairCorr |
| 0.51 | PNDORA | Pandora AS Earnings Call Tomorrow | PairCorr |
| 0.41 | PFIKRB | PFA Invest Kreditobl | PairCorr |
The ability to find closely correlated positions to Erria AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erria AS 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 Erria AS - 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 Erria AS to buy it.
The correlation of Erria AS 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 Erria AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erria 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 Erria AS 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.Check out Erria AS Correlation, Erria AS Volatility and Erria AS Alpha and Beta module to complement your research on Erria AS. Note that the Erria AS information on this page should be used as a complementary analysis to other Erria AS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Erria Stock analysis
When running Erria AS's price analysis, check to measure Erria AS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erria AS is operating at the current time. Most of Erria AS's value examination focuses on studying past and present price action to predict the probability of Erria AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erria AS's price. Additionally, you may evaluate how the addition of Erria AS to your portfolios can decrease your overall portfolio volatility.
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Erria AS technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.