Krones AG (UK) Market Value
| 0LQ4 Stock | 117.60 0.67 0.57% |
| Symbol | Krones |
Krones AG '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 Krones AG'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 Krones AG.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Krones AG on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Krones AG ON or generate 0.0% return on investment in Krones AG over 30 days. Krones AG is related to or competes with Sovereign Metals, CAP LEASE, Darden Restaurants, AMG Advanced, Qurate Retail, and European Metals. Krones AG is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Krones AG 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 Krones AG'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 Krones AG ON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.96 |
Krones AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Krones AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Krones AG's standard deviation. In reality, there are many statistical measures that can use Krones AG historical prices to predict the future Krones AG's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.20) |
Krones AG ON Backtested Returns
Krones AG ON has Sharpe Ratio of -0.0542, which conveys that the firm had a -0.0542% return per unit of risk over the last 3 months. Krones AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Krones AG's Mean Deviation of 0.9201, risk adjusted performance of (0.04), and Standard Deviation of 1.17 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Krones AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Krones AG is expected to be smaller as well. At this point, Krones AG ON has a negative expected return of -0.0633%. Please make sure to verify Krones AG's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Krones AG ON performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Krones AG ON has insignificant predictability. Overlapping area represents the amount of predictability between Krones AG time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Krones AG ON price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Krones AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Krones AG ON lagged returns against current returns
Autocorrelation, which is Krones AG 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 Krones AG's stock expected returns. We can calculate the autocorrelation of Krones AG returns to help us make a trade decision. For example, suppose you find that Krones AG 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 |
Krones AG 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 Krones AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Krones AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Krones AG stock over time.
Current vs Lagged Prices |
| Timeline |
Krones AG Lagged Returns
When evaluating Krones AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Krones AG stock have on its future price. Krones AG 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, Krones AG autocorrelation shows the relationship between Krones AG stock current value and its past values and can show if there is a momentum factor associated with investing in Krones AG ON.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Krones Stock Analysis
When running Krones AG's price analysis, check to measure Krones AG'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 Krones AG is operating at the current time. Most of Krones AG's value examination focuses on studying past and present price action to predict the probability of Krones AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Krones AG's price. Additionally, you may evaluate how the addition of Krones AG to your portfolios can decrease your overall portfolio volatility.