Topdanmark (Denmark) Market Value
| TOP Stock | DKK 301.20 1.40 0.46% |
| Symbol | Topdanmark |
Topdanmark '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 Topdanmark'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 Topdanmark.
| 03/22/2024 |
| 05/21/2024 |
If you would invest 0.00 in Topdanmark on March 22, 2024 and sell it all today you would earn a total of 0.00 from holding Topdanmark AS or generate 0.0% return on investment in Topdanmark over 60 days. Topdanmark is related to or competes with Tryg AS, Jyske Bank, Alm Brand, FLSmidth, and GN Store. Topdanmark AS, together with its subsidiaries, operates as an insurance company in Denmark More
Topdanmark 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 Topdanmark'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 Topdanmark AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.81 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.04 |
Topdanmark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topdanmark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topdanmark's standard deviation. In reality, there are many statistical measures that can use Topdanmark historical prices to predict the future Topdanmark's volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Topdanmark'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.
Topdanmark AS Backtested Returns
We consider Topdanmark very steady. Topdanmark AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0076, which indicates the firm had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Topdanmark AS, which you can use to evaluate the volatility of the company. Please validate Topdanmark's Semi Deviation of 0.9796, coefficient of variation of 13199.13, and Risk Adjusted Performance of 0.0095 to confirm if the risk estimate we provide is consistent with the expected return of 0.009%. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Topdanmark's returns are expected to increase less than the market. However, during the bear market, the loss of holding Topdanmark is expected to be smaller as well. Topdanmark AS right now has a risk of 1.19%. Please validate Topdanmark treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Topdanmark will be following its existing price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Topdanmark AS has very weak predictability. Overlapping area represents the amount of predictability between Topdanmark time series from 22nd of March 2024 to 21st of April 2024 and 21st of April 2024 to 21st 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 Topdanmark AS price movement. The serial correlation of 0.17 indicates that over 17.0% of current Topdanmark price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 25.6 |
Topdanmark AS lagged returns against current returns
Autocorrelation, which is Topdanmark 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 Topdanmark's stock expected returns. We can calculate the autocorrelation of Topdanmark returns to help us make a trade decision. For example, suppose you find that Topdanmark 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 |
Topdanmark 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 Topdanmark stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topdanmark stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topdanmark stock over time.
Current vs Lagged Prices |
| Timeline |
Topdanmark Lagged Returns
When evaluating Topdanmark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topdanmark stock have on its future price. Topdanmark 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, Topdanmark autocorrelation shows the relationship between Topdanmark stock current value and its past values and can show if there is a momentum factor associated with investing in Topdanmark AS.
Regressed Prices |
| Timeline |
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Complementary Tools for Topdanmark Stock analysis
When running Topdanmark's price analysis, check to measure Topdanmark'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 Topdanmark is operating at the current time. Most of Topdanmark's value examination focuses on studying past and present price action to predict the probability of Topdanmark's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topdanmark's price. Additionally, you may evaluate how the addition of Topdanmark to your portfolios can decrease your overall portfolio volatility.
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Topdanmark 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.