PKSHA TECHNOLOGY (Germany) Market Value
| 762 Stock | EUR 21.20 2.40 10.17% |
| Symbol | PKSHA |
PKSHA TECHNOLOGY '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 PKSHA TECHNOLOGY'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 PKSHA TECHNOLOGY.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in PKSHA TECHNOLOGY on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding PKSHA TECHNOLOGY INC or generate 0.0% return on investment in PKSHA TECHNOLOGY over 30 days. PKSHA TECHNOLOGY is related to or competes with Hyster-Yale Materials, EAGLE MATERIALS, Applied Materials, Rayonier Advanced, Goodyear Tire, and Astral Foods. The company offers text comprehension module to understand the meaning of text data HRUS, an area-specific imagevideo re... More
PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY'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 PKSHA TECHNOLOGY INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0548 | |||
| Maximum Drawdown | 16.21 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 5.66 |
PKSHA TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PKSHA TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PKSHA TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use PKSHA TECHNOLOGY historical prices to predict the future PKSHA TECHNOLOGY's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.3503 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0639 | |||
| Treynor Ratio | (0.69) |
PKSHA TECHNOLOGY INC Backtested Returns
PKSHA TECHNOLOGY appears to be not too volatile, given 3 months investment horizon. PKSHA TECHNOLOGY INC maintains Sharpe Ratio (i.e., Efficiency) of 0.0809, which implies the firm had a 0.0809% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for PKSHA TECHNOLOGY INC, which you can use to evaluate the volatility of the company. Please evaluate PKSHA TECHNOLOGY's Market Risk Adjusted Performance of (0.68), risk adjusted performance of 0.0794, and Semi Deviation of 2.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PKSHA TECHNOLOGY holds a performance score of 6. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PKSHA TECHNOLOGY are expected to decrease at a much lower rate. During the bear market, PKSHA TECHNOLOGY is likely to outperform the market. Please check PKSHA TECHNOLOGY's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether PKSHA TECHNOLOGY's historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
PKSHA TECHNOLOGY INC has poor predictability. Overlapping area represents the amount of predictability between PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY INC price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current PKSHA TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
PKSHA TECHNOLOGY INC lagged returns against current returns
Autocorrelation, which is PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of PKSHA TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that PKSHA TECHNOLOGY 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 |
PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PKSHA TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PKSHA TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
PKSHA TECHNOLOGY Lagged Returns
When evaluating PKSHA TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PKSHA TECHNOLOGY stock have on its future price. PKSHA TECHNOLOGY 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, PKSHA TECHNOLOGY autocorrelation shows the relationship between PKSHA TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in PKSHA TECHNOLOGY INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PKSHA Stock
PKSHA TECHNOLOGY financial ratios help investors to determine whether PKSHA 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 PKSHA with respect to the benefits of owning PKSHA TECHNOLOGY security.