Kinik (Taiwan) Market Value
| 1560 Stock | TWD 298.00 5.50 1.88% |
| Symbol | Kinik |
Kinik '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 Kinik'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 Kinik.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kinik on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kinik Co or generate 0.0% return on investment in Kinik over 30 days. Kinik is related to or competes with Chung Hsin, Basso Industry, Hota Industrial, Great Wall, and Kung Long. Kinik Company produces and sells various abrasives, cutting tools, and reclaimed wafers in Taiwan and internationally More
Kinik 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 Kinik'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 Kinik Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 4.12 |
Kinik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinik's standard deviation. In reality, there are many statistical measures that can use Kinik historical prices to predict the future Kinik's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.25) |
Kinik Backtested Returns
Kinik has Sharpe Ratio of -0.0447, which conveys that the firm had a -0.0447% return per unit of risk over the last 3 months. Kinik exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinik's Mean Deviation of 2.04, standard deviation of 2.86, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kinik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinik is expected to be smaller as well. At this point, Kinik has a negative expected return of -0.13%. Please make sure to verify Kinik's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Kinik performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Kinik Co has insignificant predictability. Overlapping area represents the amount of predictability between Kinik time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Kinik price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Kinik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 38.93 |
Kinik lagged returns against current returns
Autocorrelation, which is Kinik 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 Kinik's stock expected returns. We can calculate the autocorrelation of Kinik returns to help us make a trade decision. For example, suppose you find that Kinik 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 |
Kinik 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 Kinik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinik stock over time.
Current vs Lagged Prices |
| Timeline |
Kinik Lagged Returns
When evaluating Kinik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinik stock have on its future price. Kinik 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, Kinik autocorrelation shows the relationship between Kinik stock current value and its past values and can show if there is a momentum factor associated with investing in Kinik Co.
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 Kinik Stock Analysis
When running Kinik's price analysis, check to measure Kinik'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 Kinik is operating at the current time. Most of Kinik's value examination focuses on studying past and present price action to predict the probability of Kinik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinik's price. Additionally, you may evaluate how the addition of Kinik to your portfolios can decrease your overall portfolio volatility.