Kronos Worldwide (Germany) Market Value
| K1W Stock | EUR 11.09 0.43 4.03% |
| Symbol | Kronos |
Kronos Worldwide '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 Kronos Worldwide'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 Kronos Worldwide.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Kronos Worldwide on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Kronos Worldwide or generate 0.0% return on investment in Kronos Worldwide over 660 days. Kronos Worldwide is related to or competes with Solstad Offshore, Norwegian Air, Air New, Siamgas, AIR PRODCHEMICALS, Marie Brizard, and SEALED AIR. Kronos Worldwide, Inc. produces and markets titanium dioxide pigments in Europe, North America, the Asia Pacific, and in... More
Kronos Worldwide 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 Kronos Worldwide'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 Kronos Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0185 | |||
| Maximum Drawdown | 10.66 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.08 |
Kronos Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kronos Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kronos Worldwide's standard deviation. In reality, there are many statistical measures that can use Kronos Worldwide historical prices to predict the future Kronos Worldwide's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.0644 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | 0.2001 |
Kronos Worldwide Backtested Returns
At this point, Kronos Worldwide is not too volatile. Kronos Worldwide has Sharpe Ratio of 0.0542, which conveys that the firm had a 0.0542% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kronos Worldwide, which you can use to evaluate the volatility of the firm. Please verify Kronos Worldwide's Downside Deviation of 1.9, risk adjusted performance of 0.0654, and Mean Deviation of 1.7 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Kronos Worldwide has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kronos Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kronos Worldwide is expected to be smaller as well. Kronos Worldwide right now secures a risk of 2.21%. Please verify Kronos Worldwide total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Kronos Worldwide will be following its current price movements.
Auto-correlation | -0.28 |
Weak reverse predictability
Kronos Worldwide has weak reverse predictability. Overlapping area represents the amount of predictability between Kronos Worldwide time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Kronos Worldwide price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Kronos Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Kronos Worldwide lagged returns against current returns
Autocorrelation, which is Kronos Worldwide 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 Kronos Worldwide's stock expected returns. We can calculate the autocorrelation of Kronos Worldwide returns to help us make a trade decision. For example, suppose you find that Kronos Worldwide 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 |
Kronos Worldwide 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 Kronos Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kronos Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kronos Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Kronos Worldwide Lagged Returns
When evaluating Kronos Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kronos Worldwide stock have on its future price. Kronos Worldwide 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, Kronos Worldwide autocorrelation shows the relationship between Kronos Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Kronos Worldwide.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Kronos Stock
When determining whether Kronos Worldwide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kronos Worldwide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kronos Worldwide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kronos Worldwide Stock:Check out Kronos Worldwide Correlation, Kronos Worldwide Volatility and Kronos Worldwide Alpha and Beta module to complement your research on Kronos Worldwide. For more detail on how to invest in Kronos Stock please use our How to Invest in Kronos Worldwide guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Kronos Worldwide technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.