KENEDIX OFFICE (Germany) Market Value
| K9R Stock | EUR 890.00 10.00 1.14% |
| Symbol | KENEDIX |
Please note, there is a significant difference between KENEDIX OFFICE's value and its price as these two are different measures arrived at by different means. Investors typically determine if KENEDIX OFFICE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KENEDIX OFFICE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
KENEDIX OFFICE '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 KENEDIX OFFICE'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 KENEDIX OFFICE.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in KENEDIX OFFICE on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding KENEDIX OFFICE INV or generate 0.0% return on investment in KENEDIX OFFICE over 30 days. KENEDIX OFFICE is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
KENEDIX OFFICE 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 KENEDIX OFFICE'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 KENEDIX OFFICE INV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.73 |
KENEDIX OFFICE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KENEDIX OFFICE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KENEDIX OFFICE's standard deviation. In reality, there are many statistical measures that can use KENEDIX OFFICE historical prices to predict the future KENEDIX OFFICE's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (3.23) |
KENEDIX OFFICE INV Backtested Returns
KENEDIX OFFICE INV has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of volatility over the last 3 months. KENEDIX OFFICE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KENEDIX OFFICE's risk adjusted performance of (0.05), and Mean Deviation of 0.8969 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0336, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KENEDIX OFFICE's returns are expected to increase less than the market. However, during the bear market, the loss of holding KENEDIX OFFICE is expected to be smaller as well. At this point, KENEDIX OFFICE INV has a negative expected return of -0.13%. Please make sure to verify KENEDIX OFFICE's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if KENEDIX OFFICE INV performance from the past will be repeated in the future.
Auto-correlation | 0.16 |
Very weak predictability
KENEDIX OFFICE INV has very weak predictability. Overlapping area represents the amount of predictability between KENEDIX OFFICE time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 KENEDIX OFFICE INV price movement. The serial correlation of 0.16 indicates that over 16.0% of current KENEDIX OFFICE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 176.45 |
KENEDIX OFFICE INV lagged returns against current returns
Autocorrelation, which is KENEDIX OFFICE 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 KENEDIX OFFICE's stock expected returns. We can calculate the autocorrelation of KENEDIX OFFICE returns to help us make a trade decision. For example, suppose you find that KENEDIX OFFICE 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 |
KENEDIX OFFICE 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 KENEDIX OFFICE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KENEDIX OFFICE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KENEDIX OFFICE stock over time.
Current vs Lagged Prices |
| Timeline |
KENEDIX OFFICE Lagged Returns
When evaluating KENEDIX OFFICE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KENEDIX OFFICE stock have on its future price. KENEDIX OFFICE 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, KENEDIX OFFICE autocorrelation shows the relationship between KENEDIX OFFICE stock current value and its past values and can show if there is a momentum factor associated with investing in KENEDIX OFFICE INV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KENEDIX Stock
KENEDIX OFFICE financial ratios help investors to determine whether KENEDIX Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in KENEDIX with respect to the benefits of owning KENEDIX OFFICE security.