Kumpulan Kitacon's market value is the price at which a share of Kumpulan Kitacon trades on a public exchange. It measures the collective expectations of Kumpulan Kitacon Berhad investors about its performance. Kumpulan Kitacon is selling for 0.72 as of the 26th of November 2024. This is a 1.41 percent increase since the beginning of the trading day. The stock's lowest day price was 0.71. With this module, you can estimate the performance of a buy and hold strategy of Kumpulan Kitacon Berhad and determine expected loss or profit from investing in Kumpulan Kitacon over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Kumpulan
Kumpulan Kitacon '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 Kumpulan Kitacon'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 Kumpulan Kitacon.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in Kumpulan Kitacon on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kumpulan Kitacon Berhad or generate 0.0% return on investment in Kumpulan Kitacon over 30 days.
Kumpulan Kitacon 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 Kumpulan Kitacon'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 Kumpulan Kitacon Berhad upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kumpulan Kitacon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kumpulan Kitacon's standard deviation. In reality, there are many statistical measures that can use Kumpulan Kitacon historical prices to predict the future Kumpulan Kitacon's volatility.
Kumpulan Kitacon Berhad has Sharpe Ratio of -0.0173, which conveys that the firm had a -0.0173% return per unit of risk over the last 3 months. Kumpulan Kitacon exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kumpulan Kitacon's Risk Adjusted Performance of 0.0214, downside deviation of 1.88, and Mean Deviation of 1.26 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0988, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kumpulan Kitacon are expected to decrease at a much lower rate. During the bear market, Kumpulan Kitacon is likely to outperform the market. At this point, Kumpulan Kitacon Berhad has a negative expected return of -0.0297%. Please make sure to verify Kumpulan Kitacon's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kumpulan Kitacon Berhad performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.05
Very weak reverse predictability
Kumpulan Kitacon Berhad has very weak reverse predictability. Overlapping area represents the amount of predictability between Kumpulan Kitacon time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Kumpulan Kitacon Berhad price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Kumpulan Kitacon price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.05
Spearman Rank Test
-0.54
Residual Average
0.0
Price Variance
0.0
Kumpulan Kitacon Berhad lagged returns against current returns
Autocorrelation, which is Kumpulan Kitacon 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 Kumpulan Kitacon's stock expected returns. We can calculate the autocorrelation of Kumpulan Kitacon returns to help us make a trade decision. For example, suppose you find that Kumpulan Kitacon 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
Kumpulan Kitacon 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 Kumpulan Kitacon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kumpulan Kitacon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kumpulan Kitacon stock over time.
Current vs Lagged Prices
Timeline
Kumpulan Kitacon Lagged Returns
When evaluating Kumpulan Kitacon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kumpulan Kitacon stock have on its future price. Kumpulan Kitacon 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, Kumpulan Kitacon autocorrelation shows the relationship between Kumpulan Kitacon stock current value and its past values and can show if there is a momentum factor associated with investing in Kumpulan Kitacon Berhad.
Regressed Prices
Timeline
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