Kedge Construction (Taiwan) Market Value
| 2546 Stock | TWD 75.70 1.30 1.69% |
| Symbol | Kedge |
Kedge Construction '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 Kedge Construction'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 Kedge Construction.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Kedge Construction on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kedge Construction Co or generate 0.0% return on investment in Kedge Construction over 90 days. Kedge Construction is related to or competes with Da Cin, Kindom Construction, Huaku Development, Highwealth Construction, and Huang Hsiang. Kedge Construction Co., Ltd. constructs, develops, leases, and sells residential buildings in Taiwan More
Kedge Construction 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 Kedge Construction'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 Kedge Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.91 |
Kedge Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kedge Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kedge Construction's standard deviation. In reality, there are many statistical measures that can use Kedge Construction historical prices to predict the future Kedge Construction's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.35) |
Kedge Construction Backtested Returns
Kedge Construction has Sharpe Ratio of -0.0641, which conveys that the firm had a -0.0641% return per unit of risk over the last 3 months. Kedge Construction exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kedge Construction's Mean Deviation of 0.8632, standard deviation of 1.15, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kedge Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kedge Construction is expected to be smaller as well. At this point, Kedge Construction has a negative expected return of -0.0749%. Please make sure to verify Kedge Construction's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kedge Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Kedge Construction Co has very good reverse predictability. Overlapping area represents the amount of predictability between Kedge Construction time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Kedge Construction price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Kedge Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Kedge Construction lagged returns against current returns
Autocorrelation, which is Kedge Construction 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 Kedge Construction's stock expected returns. We can calculate the autocorrelation of Kedge Construction returns to help us make a trade decision. For example, suppose you find that Kedge Construction 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 |
Kedge Construction 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 Kedge Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kedge Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kedge Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Kedge Construction Lagged Returns
When evaluating Kedge Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kedge Construction stock have on its future price. Kedge Construction 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, Kedge Construction autocorrelation shows the relationship between Kedge Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Kedge Construction 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 Kedge Stock Analysis
When running Kedge Construction's price analysis, check to measure Kedge Construction'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 Kedge Construction is operating at the current time. Most of Kedge Construction's value examination focuses on studying past and present price action to predict the probability of Kedge Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kedge Construction's price. Additionally, you may evaluate how the addition of Kedge Construction to your portfolios can decrease your overall portfolio volatility.