Kinder Morgan (Germany) Market Value
| 2KD Stock | EUR 27.24 0.18 0.66% |
| Symbol | Kinder |
Kinder Morgan '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 Kinder Morgan'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 Kinder Morgan.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Kinder Morgan on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Kinder Morgan or generate 0.0% return on investment in Kinder Morgan over 330 days. Kinder Morgan is related to or competes with Samsung Electronics, Japan Tobacco, Arrow Electronics, UET United, GEAR4MUSIC, Warner Music, and Nucletron Electronic. Kinder Morgan, Inc. operates as an energy infrastructure company in North America More
Kinder Morgan 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 Kinder Morgan'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 Kinder Morgan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.2517 | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.76 |
Kinder Morgan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinder Morgan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinder Morgan's standard deviation. In reality, there are many statistical measures that can use Kinder Morgan historical prices to predict the future Kinder Morgan's volatility.| Risk Adjusted Performance | 0.253 | |||
| Jensen Alpha | 0.614 | |||
| Total Risk Alpha | 0.2952 | |||
| Sortino Ratio | 0.3607 | |||
| Treynor Ratio | (2.61) |
Kinder Morgan Backtested Returns
Kinder Morgan appears to be very steady, given 3 months investment horizon. Kinder Morgan has Sharpe Ratio of 0.33, which conveys that the firm had a 0.33% return per unit of risk over the last 3 months. By analyzing Kinder Morgan's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Kinder Morgan's Risk Adjusted Performance of 0.253, mean deviation of 1.16, and Downside Deviation of 1.29 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kinder Morgan holds a performance score of 26. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kinder Morgan are expected to decrease at a much lower rate. During the bear market, Kinder Morgan is likely to outperform the market. Please check Kinder Morgan's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kinder Morgan's current price movements will revert.
Auto-correlation | 0.87 |
Very good predictability
Kinder Morgan has very good predictability. Overlapping area represents the amount of predictability between Kinder Morgan time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Kinder Morgan price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Kinder Morgan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 4.51 |
Kinder Morgan lagged returns against current returns
Autocorrelation, which is Kinder Morgan 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 Kinder Morgan's stock expected returns. We can calculate the autocorrelation of Kinder Morgan returns to help us make a trade decision. For example, suppose you find that Kinder Morgan 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 |
Kinder Morgan 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 Kinder Morgan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinder Morgan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinder Morgan stock over time.
Current vs Lagged Prices |
| Timeline |
Kinder Morgan Lagged Returns
When evaluating Kinder Morgan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinder Morgan stock have on its future price. Kinder Morgan 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, Kinder Morgan autocorrelation shows the relationship between Kinder Morgan stock current value and its past values and can show if there is a momentum factor associated with investing in Kinder Morgan.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Kinder Stock
When determining whether Kinder Morgan offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kinder Morgan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kinder Morgan Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kinder Morgan Stock:Check out Kinder Morgan Correlation, Kinder Morgan Volatility and Kinder Morgan Alpha and Beta module to complement your research on Kinder Morgan. For more detail on how to invest in Kinder Stock please use our How to Invest in Kinder Morgan guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Kinder Morgan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.