KONTIGO CARE (Germany) Market Value
| 3KT Stock | EUR 0.22 0.02 10.00% |
| Symbol | KONTIGO |
KONTIGO CARE '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 KONTIGO CARE'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 KONTIGO CARE.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in KONTIGO CARE on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding KONTIGO CARE AB or generate 0.0% return on investment in KONTIGO CARE over 30 days. KONTIGO CARE is related to or competes with INTERCONT HOTELS, AECOM TECHNOLOGY, MACOM Technology, SCOTT TECHNOLOGY, and MIRAMAR HOTEL. Kontigo Care AB provides health care solutions for addiction treatment in Sweden More
KONTIGO CARE 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 KONTIGO CARE'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 KONTIGO CARE AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.48 | |||
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 45.13 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 11.76 |
KONTIGO CARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KONTIGO CARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KONTIGO CARE's standard deviation. In reality, there are many statistical measures that can use KONTIGO CARE historical prices to predict the future KONTIGO CARE's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.6906 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | (0.57) |
KONTIGO CARE AB Backtested Returns
KONTIGO CARE appears to be out of control, given 3 months investment horizon. KONTIGO CARE AB has Sharpe Ratio of 0.0684, which conveys that the firm had a 0.0684% return per unit of volatility over the last 3 months. By inspecting KONTIGO CARE's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise KONTIGO CARE's mean deviation of 6.21, and Risk Adjusted Performance of 0.0602 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KONTIGO CARE holds a performance score of 5. The company secures a Beta (Market Risk) of -1.03, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning KONTIGO CARE are expected to decrease slowly. On the other hand, during market turmoil, KONTIGO CARE is expected to outperform it slightly. Please check KONTIGO CARE's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether KONTIGO CARE's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
KONTIGO CARE AB has average predictability. Overlapping area represents the amount of predictability between KONTIGO CARE time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 KONTIGO CARE AB price movement. The serial correlation of 0.45 indicates that just about 45.0% of current KONTIGO CARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KONTIGO CARE AB lagged returns against current returns
Autocorrelation, which is KONTIGO CARE 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 KONTIGO CARE's stock expected returns. We can calculate the autocorrelation of KONTIGO CARE returns to help us make a trade decision. For example, suppose you find that KONTIGO CARE 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 |
KONTIGO CARE 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 KONTIGO CARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KONTIGO CARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KONTIGO CARE stock over time.
Current vs Lagged Prices |
| Timeline |
KONTIGO CARE Lagged Returns
When evaluating KONTIGO CARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KONTIGO CARE stock have on its future price. KONTIGO CARE 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, KONTIGO CARE autocorrelation shows the relationship between KONTIGO CARE stock current value and its past values and can show if there is a momentum factor associated with investing in KONTIGO CARE AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KONTIGO Stock
KONTIGO CARE financial ratios help investors to determine whether KONTIGO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in KONTIGO with respect to the benefits of owning KONTIGO CARE security.