Kings Town (Taiwan) Market Value
| 2524 Stock | TWD 80.10 2.60 3.14% |
| Symbol | Kings |
Kings Town '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 Kings Town'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 Kings Town.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Kings Town on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kings Town Construction or generate 0.0% return on investment in Kings Town over 270 days. Kings Town is related to or competes with Chainqui Construction, Zinwell, Symtek Automation, CTCI Corp, Information Technology, SYN Tech, and Giant Manufacturing. Kings Town Construction Co., Ltd. operates as a construction company in Taiwan More
Kings Town 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 Kings Town'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 Kings Town Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 19.57 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 6.7 |
Kings Town Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kings Town's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kings Town's standard deviation. In reality, there are many statistical measures that can use Kings Town historical prices to predict the future Kings Town's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (6.42) |
Kings Town Construction Backtested Returns
Kings Town Construction has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Kings Town exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kings Town's Standard Deviation of 3.64, mean deviation of 2.73, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0725, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kings Town's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kings Town is expected to be smaller as well. At this point, Kings Town Construction has a negative expected return of -0.58%. Please make sure to verify Kings Town's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Kings Town Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Kings Town Construction has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kings Town time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Kings Town Construction price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Kings Town price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 296.5 |
Kings Town Construction lagged returns against current returns
Autocorrelation, which is Kings Town 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 Kings Town's stock expected returns. We can calculate the autocorrelation of Kings Town returns to help us make a trade decision. For example, suppose you find that Kings Town 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 |
Kings Town 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 Kings Town stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kings Town stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kings Town stock over time.
Current vs Lagged Prices |
| Timeline |
Kings Town Lagged Returns
When evaluating Kings Town's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kings Town stock have on its future price. Kings Town 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, Kings Town autocorrelation shows the relationship between Kings Town stock current value and its past values and can show if there is a momentum factor associated with investing in Kings Town Construction.
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 Kings Stock Analysis
When running Kings Town's price analysis, check to measure Kings Town'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 Kings Town is operating at the current time. Most of Kings Town's value examination focuses on studying past and present price action to predict the probability of Kings Town's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kings Town's price. Additionally, you may evaluate how the addition of Kings Town to your portfolios can decrease your overall portfolio volatility.