Kool2play (Poland) Market Value
| K2P Stock | 0.93 0.02 2.11% |
| Symbol | Kool2play |
Kool2play '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 Kool2play'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 Kool2play.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Kool2play on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kool2play SA or generate 0.0% return on investment in Kool2play over 30 days. Kool2play is related to or competes with Clean Carbon, ADX, Agroliga Group, and Vee SA. More
Kool2play 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 Kool2play'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 Kool2play SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 26.37 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 10.28 |
Kool2play Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kool2play's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kool2play's standard deviation. In reality, there are many statistical measures that can use Kool2play historical prices to predict the future Kool2play's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kool2play'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.
Kool2play SA Backtested Returns
Currently, Kool2play SA is extremely dangerous. Kool2play SA has Sharpe Ratio of 0.0031, which conveys that the firm had a 0.0031% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Kool2play, which you can use to evaluate the volatility of the firm. Please verify Kool2play's insignificant Risk Adjusted Performance, mean deviation of 3.0, and Standard Deviation of 4.9 to check out if the risk estimate we provide is consistent with the expected return of 0.0129%. The company secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. Kool2play returns are very sensitive to returns on the market. As the market goes up or down, Kool2play is expected to follow. Kool2play SA right now secures a risk of 4.17%. Please verify Kool2play SA potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Kool2play SA will be following its current price movements.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Kool2play SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kool2play time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Kool2play SA price movement. The serial correlation of -0.75 indicates that around 75.0% of current Kool2play price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kool2play SA lagged returns against current returns
Autocorrelation, which is Kool2play 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 Kool2play's stock expected returns. We can calculate the autocorrelation of Kool2play returns to help us make a trade decision. For example, suppose you find that Kool2play 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 |
Kool2play 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 Kool2play stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kool2play stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kool2play stock over time.
Current vs Lagged Prices |
| Timeline |
Kool2play Lagged Returns
When evaluating Kool2play's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kool2play stock have on its future price. Kool2play 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, Kool2play autocorrelation shows the relationship between Kool2play stock current value and its past values and can show if there is a momentum factor associated with investing in Kool2play SA.
Regressed Prices |
| Timeline |
Pair Trading with Kool2play
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kool2play position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kool2play will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kool2play could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kool2play when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kool2play - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kool2play SA to buy it.
The correlation of Kool2play is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kool2play moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kool2play SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kool2play can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Kool2play Stock Analysis
When running Kool2play's price analysis, check to measure Kool2play'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 Kool2play is operating at the current time. Most of Kool2play's value examination focuses on studying past and present price action to predict the probability of Kool2play's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kool2play's price. Additionally, you may evaluate how the addition of Kool2play to your portfolios can decrease your overall portfolio volatility.