Handelsinvest Fjernsten (Denmark) Market Value
| HAIFJ Stock | DKK 172.70 0.44 0.26% |
| Symbol | Handelsinvest |
Please note, there is a significant difference between Handelsinvest Fjernsten's value and its price as these two are different measures arrived at by different means. Investors typically determine if Handelsinvest Fjernsten is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Handelsinvest Fjernsten's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Handelsinvest Fjernsten '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 Handelsinvest Fjernsten'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 Handelsinvest Fjernsten.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Handelsinvest Fjernsten on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Handelsinvest Fjernsten or generate 0.0% return on investment in Handelsinvest Fjernsten over 30 days. Handelsinvest Fjernsten is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Handelsinvest Fjernsten 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 Handelsinvest Fjernsten'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 Handelsinvest Fjernsten upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 32.26 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.65 |
Handelsinvest Fjernsten Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Handelsinvest Fjernsten's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Handelsinvest Fjernsten's standard deviation. In reality, there are many statistical measures that can use Handelsinvest Fjernsten historical prices to predict the future Handelsinvest Fjernsten's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.5631 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Handelsinvest Fjernsten'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.
Handelsinvest Fjernsten Backtested Returns
We consider Handelsinvest Fjernsten very steady. Handelsinvest Fjernsten holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Handelsinvest Fjernsten, which you can use to evaluate the volatility of the firm. Please check out Handelsinvest Fjernsten's Standard Deviation of 4.08, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of 0.5731 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Handelsinvest Fjernsten has a performance score of 15 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Handelsinvest Fjernsten are expected to decrease at a much lower rate. During the bear market, Handelsinvest Fjernsten is likely to outperform the market. Handelsinvest Fjernsten right now retains a risk of 0.84%. Please check out Handelsinvest Fjernsten maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if Handelsinvest Fjernsten will be following its current trending patterns.
Auto-correlation | 0.59 |
Modest predictability
Handelsinvest Fjernsten has modest predictability. Overlapping area represents the amount of predictability between Handelsinvest Fjernsten time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Handelsinvest Fjernsten price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Handelsinvest Fjernsten price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4.34 |
Handelsinvest Fjernsten lagged returns against current returns
Autocorrelation, which is Handelsinvest Fjernsten 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 Handelsinvest Fjernsten's stock expected returns. We can calculate the autocorrelation of Handelsinvest Fjernsten returns to help us make a trade decision. For example, suppose you find that Handelsinvest Fjernsten 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 |
Handelsinvest Fjernsten 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 Handelsinvest Fjernsten stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Handelsinvest Fjernsten stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Handelsinvest Fjernsten stock over time.
Current vs Lagged Prices |
| Timeline |
Handelsinvest Fjernsten Lagged Returns
When evaluating Handelsinvest Fjernsten's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Handelsinvest Fjernsten stock have on its future price. Handelsinvest Fjernsten 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, Handelsinvest Fjernsten autocorrelation shows the relationship between Handelsinvest Fjernsten stock current value and its past values and can show if there is a momentum factor associated with investing in Handelsinvest Fjernsten.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Handelsinvest Fjernsten in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Handelsinvest Fjernsten's short interest history, or implied volatility extrapolated from Handelsinvest Fjernsten options trading.
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Complementary Tools for Handelsinvest Stock analysis
When running Handelsinvest Fjernsten's price analysis, check to measure Handelsinvest Fjernsten'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 Handelsinvest Fjernsten is operating at the current time. Most of Handelsinvest Fjernsten's value examination focuses on studying past and present price action to predict the probability of Handelsinvest Fjernsten's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Handelsinvest Fjernsten's price. Additionally, you may evaluate how the addition of Handelsinvest Fjernsten to your portfolios can decrease your overall portfolio volatility.
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Handelsinvest Fjernsten 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.