KIMBALL ELECTRONICS (Germany) Market Value
| 3C3 Stock | EUR 18.50 0.30 1.65% |
| Symbol | KIMBALL |
KIMBALL ELECTRONICS '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 KIMBALL ELECTRONICS'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 KIMBALL ELECTRONICS.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in KIMBALL ELECTRONICS on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding KIMBALL ELECTRONICS or generate 0.0% return on investment in KIMBALL ELECTRONICS over 300 days. KIMBALL ELECTRONICS is related to or competes with FARO Technologies, Granite Construction, TITAN MACHINERY, NetSol Technologies, and Sunny Optical. More
KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS'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 KIMBALL ELECTRONICS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0515 | |||
| Maximum Drawdown | 21.29 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.87 |
KIMBALL ELECTRONICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KIMBALL ELECTRONICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KIMBALL ELECTRONICS's standard deviation. In reality, there are many statistical measures that can use KIMBALL ELECTRONICS historical prices to predict the future KIMBALL ELECTRONICS's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.2428 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0775 | |||
| Treynor Ratio | 1.25 |
KIMBALL ELECTRONICS Backtested Returns
KIMBALL ELECTRONICS appears to be not too volatile, given 3 months investment horizon. KIMBALL ELECTRONICS has Sharpe Ratio of 0.0941, which conveys that the firm had a 0.0941% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for KIMBALL ELECTRONICS, which you can use to evaluate the volatility of the firm. Please exercise KIMBALL ELECTRONICS's risk adjusted performance of 0.0805, and Mean Deviation of 1.72 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KIMBALL ELECTRONICS holds a performance score of 7. 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, KIMBALL ELECTRONICS's returns are expected to increase less than the market. However, during the bear market, the loss of holding KIMBALL ELECTRONICS is expected to be smaller as well. Please check KIMBALL ELECTRONICS's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether KIMBALL ELECTRONICS's current price movements will revert.
Auto-correlation | 0.17 |
Very weak predictability
KIMBALL ELECTRONICS has very weak predictability. Overlapping area represents the amount of predictability between KIMBALL ELECTRONICS time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 KIMBALL ELECTRONICS price movement. The serial correlation of 0.17 indicates that over 17.0% of current KIMBALL ELECTRONICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4.02 |
KIMBALL ELECTRONICS lagged returns against current returns
Autocorrelation, which is KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS's stock expected returns. We can calculate the autocorrelation of KIMBALL ELECTRONICS returns to help us make a trade decision. For example, suppose you find that KIMBALL ELECTRONICS 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 |
KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KIMBALL ELECTRONICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KIMBALL ELECTRONICS stock over time.
Current vs Lagged Prices |
| Timeline |
KIMBALL ELECTRONICS Lagged Returns
When evaluating KIMBALL ELECTRONICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KIMBALL ELECTRONICS stock have on its future price. KIMBALL ELECTRONICS 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, KIMBALL ELECTRONICS autocorrelation shows the relationship between KIMBALL ELECTRONICS stock current value and its past values and can show if there is a momentum factor associated with investing in KIMBALL ELECTRONICS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in KIMBALL Stock
When determining whether KIMBALL ELECTRONICS is a strong investment it is important to analyze KIMBALL ELECTRONICS's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact KIMBALL ELECTRONICS's future performance. For an informed investment choice regarding KIMBALL Stock, refer to the following important reports:Check out KIMBALL ELECTRONICS Correlation, KIMBALL ELECTRONICS Volatility and KIMBALL ELECTRONICS Alpha and Beta module to complement your research on KIMBALL ELECTRONICS. For more detail on how to invest in KIMBALL Stock please use our How to Invest in KIMBALL ELECTRONICS guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
KIMBALL ELECTRONICS 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.