Kaori Heat (Taiwan) Market Value
| 8996 Stock | TWD 339.50 20.00 6.26% |
| Symbol | Kaori |
Kaori Heat '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 Kaori Heat'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 Kaori Heat.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Kaori Heat on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Kaori Heat Treatment or generate 0.0% return on investment in Kaori Heat over 360 days. Kaori Heat is related to or competes with BES Engineering, Continental Holdings, Kee Tai, and Hung Sheng. Kaori Heat Treatment Co., Ltd. develops, manufactures, and sells heat exchanger solutions in Taiwan and internationally More
Kaori Heat 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 Kaori Heat'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 Kaori Heat Treatment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 8.06 |
Kaori Heat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaori Heat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaori Heat's standard deviation. In reality, there are many statistical measures that can use Kaori Heat historical prices to predict the future Kaori Heat's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.14) |
Kaori Heat Treatment Backtested Returns
Kaori Heat Treatment has Sharpe Ratio of -0.0152, which conveys that the firm had a -0.0152% return per unit of risk over the last 3 months. Kaori Heat exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kaori Heat's Standard Deviation of 3.89, risk adjusted performance of (0.01), and Mean Deviation of 2.93 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kaori Heat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kaori Heat is expected to be smaller as well. At this point, Kaori Heat Treatment has a negative expected return of -0.0596%. Please make sure to verify Kaori Heat's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Kaori Heat Treatment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Kaori Heat Treatment has very good reverse predictability. Overlapping area represents the amount of predictability between Kaori Heat time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Kaori Heat Treatment price movement. The serial correlation of -0.68 indicates that around 68.0% of current Kaori Heat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 3644.26 |
Kaori Heat Treatment lagged returns against current returns
Autocorrelation, which is Kaori Heat 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 Kaori Heat's stock expected returns. We can calculate the autocorrelation of Kaori Heat returns to help us make a trade decision. For example, suppose you find that Kaori Heat 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 |
Kaori Heat 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 Kaori Heat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaori Heat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaori Heat stock over time.
Current vs Lagged Prices |
| Timeline |
Kaori Heat Lagged Returns
When evaluating Kaori Heat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaori Heat stock have on its future price. Kaori Heat 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, Kaori Heat autocorrelation shows the relationship between Kaori Heat stock current value and its past values and can show if there is a momentum factor associated with investing in Kaori Heat Treatment.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Kaori Stock Analysis
When running Kaori Heat's price analysis, check to measure Kaori Heat's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kaori Heat is operating at the current time. Most of Kaori Heat's value examination focuses on studying past and present price action to predict the probability of Kaori Heat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kaori Heat's price. Additionally, you may evaluate how the addition of Kaori Heat to your portfolios can decrease your overall portfolio volatility.