KRONOS WORLDWIDE (Germany) Market Value
| K1W Stock | 11.19 0.31 2.85% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in KRONOS WORLDWIDE on October 30, 2024 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 30 days. KRONOS WORLDWIDE is related to or competes with Jacquet Metal, Thai Beverage, Fevertree Drinks, Harmony Gold, ADRIATIC METALS, United Breweries, and GREENX METALS. 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 | 1.86 | |||
| Information Ratio | 0.0048 | |||
| Maximum Drawdown | 13.9 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 4.05 |
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 | 0.0537 | |||
| Jensen Alpha | 0.07 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.2595 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KRONOS WORLDWIDE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KRONOS WORLDWIDE Backtested Returns
Currently, KRONOS WORLDWIDE is not too volatile. KRONOS WORLDWIDE has Sharpe Ratio of 0.0631, which conveys that the firm had a 0.0631% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for KRONOS WORLDWIDE, which you can use to evaluate the volatility of the firm. Please verify KRONOS WORLDWIDE's mean deviation of 1.46, and Risk Adjusted Performance of 0.0537 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. KRONOS WORLDWIDE has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.49, 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 currently secures a risk of 2.21%. Please verify KRONOS WORLDWIDE semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if KRONOS WORLDWIDE will be following its current price movements.
Auto-correlation | 0.58 |
Modest predictability
KRONOS WORLDWIDE has modest predictability. Overlapping area represents the amount of predictability between KRONOS WORLDWIDE time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 0.58 indicates that roughly 58.0% of current KRONOS WORLDWIDE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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 |
Thematic Opportunities
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Additional Tools for KRONOS Stock Analysis
When running KRONOS WORLDWIDE's price analysis, check to measure KRONOS WORLDWIDE'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 KRONOS WORLDWIDE is operating at the current time. Most of KRONOS WORLDWIDE's value examination focuses on studying past and present price action to predict the probability of KRONOS WORLDWIDE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KRONOS WORLDWIDE's price. Additionally, you may evaluate how the addition of KRONOS WORLDWIDE to your portfolios can decrease your overall portfolio volatility.