KLP AksjeVerden (Ireland) Market Value
| 0P0001OPC5 | 1,610 18.89 1.16% |
| Symbol | KLP |
KLP AksjeVerden '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 KLP AksjeVerden's fund 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 KLP AksjeVerden.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in KLP AksjeVerden on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding KLP AksjeVerden Indeks or generate 0.0% return on investment in KLP AksjeVerden over 180 days.
KLP AksjeVerden 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 KLP AksjeVerden's fund 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 KLP AksjeVerden Indeks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5873 | |||
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.55 |
KLP AksjeVerden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLP AksjeVerden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLP AksjeVerden's standard deviation. In reality, there are many statistical measures that can use KLP AksjeVerden historical prices to predict the future KLP AksjeVerden's volatility.| Risk Adjusted Performance | 0.1449 | |||
| Jensen Alpha | 0.1304 | |||
| Total Risk Alpha | 0.0072 | |||
| Sortino Ratio | 0.0113 | |||
| Treynor Ratio | 4.42 |
KLP AksjeVerden Indeks Backtested Returns
As of now, KLP Fund is very steady. KLP AksjeVerden Indeks has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for KLP AksjeVerden, which you can use to evaluate the volatility of the fund. Please verify KLP AksjeVerden's risk adjusted performance of 0.1449, and Mean Deviation of 0.59 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of 0.0304, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KLP AksjeVerden's returns are expected to increase less than the market. However, during the bear market, the loss of holding KLP AksjeVerden is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
KLP AksjeVerden Indeks has modest predictability. Overlapping area represents the amount of predictability between KLP AksjeVerden time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 KLP AksjeVerden Indeks price movement. The serial correlation of 0.52 indicates that about 52.0% of current KLP AksjeVerden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2263.09 |
KLP AksjeVerden Indeks lagged returns against current returns
Autocorrelation, which is KLP AksjeVerden fund'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 KLP AksjeVerden's fund expected returns. We can calculate the autocorrelation of KLP AksjeVerden returns to help us make a trade decision. For example, suppose you find that KLP AksjeVerden has exhibited high autocorrelation historically, and you observe that the fund 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 |
KLP AksjeVerden 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 KLP AksjeVerden fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLP AksjeVerden fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLP AksjeVerden fund over time.
Current vs Lagged Prices |
| Timeline |
KLP AksjeVerden Lagged Returns
When evaluating KLP AksjeVerden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLP AksjeVerden fund have on its future price. KLP AksjeVerden 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, KLP AksjeVerden autocorrelation shows the relationship between KLP AksjeVerden fund current value and its past values and can show if there is a momentum factor associated with investing in KLP AksjeVerden Indeks.
Regressed Prices |
| Timeline |
Pair Trading with KLP AksjeVerden
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 KLP AksjeVerden 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 KLP AksjeVerden will appreciate offsetting losses from the drop in the long position's value.Moving together with KLP Fund
| 0.97 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
| 0.97 | IE0032578035 | Franklin Floating Rate | PairCorr |
| 0.97 | IE00B000C709 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to KLP AksjeVerden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KLP AksjeVerden 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 KLP AksjeVerden - 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 KLP AksjeVerden Indeks to buy it.
The correlation of KLP AksjeVerden 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 KLP AksjeVerden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLP AksjeVerden Indeks 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 KLP AksjeVerden 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.| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
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