Kalray SA (France) Market Value
| ALKAL Stock | EUR 1.10 0.07 6.80% |
| Symbol | Kalray |
Kalray SA '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 Kalray SA'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 Kalray SA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Kalray SA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kalray SA or generate 0.0% return on investment in Kalray SA over 30 days. Kalray SA is related to or competes with Soitec SA, Neoen SA, Mediantechn, Manitou BF, Ossiam Minimum, Ekinops SA, and Orapi SA. Kalray S.A. provides low-power and time-critical processor solutions in France More
Kalray SA 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 Kalray SA'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 Kalray SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 59.86 | |||
| Value At Risk | (20.07) | |||
| Potential Upside | 9.55 |
Kalray SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kalray SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kalray SA's standard deviation. In reality, there are many statistical measures that can use Kalray SA historical prices to predict the future Kalray SA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (2.27) | |||
| Total Risk Alpha | (3.43) | |||
| Treynor Ratio | (2.22) |
Kalray SA Backtested Returns
Kalray SA has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Kalray SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kalray SA's Risk Adjusted Performance of (0.14), mean deviation of 7.05, and Standard Deviation of 10.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.99, which conveys possible diversification benefits within a given portfolio. Kalray SA returns are very sensitive to returns on the market. As the market goes up or down, Kalray SA is expected to follow. At this point, Kalray SA has a negative expected return of -2.0%. Please make sure to verify Kalray SA's day median price, relative strength index, as well as the relationship between the kurtosis and maximum drawdown , to decide if Kalray SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Kalray SA has very weak predictability. Overlapping area represents the amount of predictability between Kalray SA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Kalray SA price movement. The serial correlation of 0.16 indicates that over 16.0% of current Kalray SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kalray SA lagged returns against current returns
Autocorrelation, which is Kalray SA 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 Kalray SA's stock expected returns. We can calculate the autocorrelation of Kalray SA returns to help us make a trade decision. For example, suppose you find that Kalray SA 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 |
Kalray SA 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 Kalray SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kalray SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kalray SA stock over time.
Current vs Lagged Prices |
| Timeline |
Kalray SA Lagged Returns
When evaluating Kalray SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kalray SA stock have on its future price. Kalray SA 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, Kalray SA autocorrelation shows the relationship between Kalray SA stock current value and its past values and can show if there is a momentum factor associated with investing in Kalray SA.
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 Kalray Stock Analysis
When running Kalray SA's price analysis, check to measure Kalray SA'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 Kalray SA is operating at the current time. Most of Kalray SA's value examination focuses on studying past and present price action to predict the probability of Kalray SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kalray SA's price. Additionally, you may evaluate how the addition of Kalray SA to your portfolios can decrease your overall portfolio volatility.