KENYA AIRWAYS (Tanzania) Market Value
| KA Stock | 80.00 0.00 0.00% |
| Symbol | KENYA |
KENYA AIRWAYS '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 KENYA AIRWAYS'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 KENYA AIRWAYS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in KENYA AIRWAYS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding KENYA AIRWAYS LTD or generate 0.0% return on investment in KENYA AIRWAYS over 30 days.
KENYA AIRWAYS 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 KENYA AIRWAYS'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 KENYA AIRWAYS LTD upside and downside potential and time the market with a certain degree of confidence.
KENYA AIRWAYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KENYA AIRWAYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KENYA AIRWAYS's standard deviation. In reality, there are many statistical measures that can use KENYA AIRWAYS historical prices to predict the future KENYA AIRWAYS's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KENYA AIRWAYS'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.
KENYA AIRWAYS LTD Backtested Returns
We have found three technical indicators for KENYA AIRWAYS, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and KENYA AIRWAYS are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
KENYA AIRWAYS LTD has no correlation between past and present. Overlapping area represents the amount of predictability between KENYA AIRWAYS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 KENYA AIRWAYS LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current KENYA AIRWAYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KENYA AIRWAYS LTD lagged returns against current returns
Autocorrelation, which is KENYA AIRWAYS 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 KENYA AIRWAYS's stock expected returns. We can calculate the autocorrelation of KENYA AIRWAYS returns to help us make a trade decision. For example, suppose you find that KENYA AIRWAYS 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 |
KENYA AIRWAYS 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 KENYA AIRWAYS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KENYA AIRWAYS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KENYA AIRWAYS stock over time.
Current vs Lagged Prices |
| Timeline |
KENYA AIRWAYS Lagged Returns
When evaluating KENYA AIRWAYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KENYA AIRWAYS stock have on its future price. KENYA AIRWAYS 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, KENYA AIRWAYS autocorrelation shows the relationship between KENYA AIRWAYS stock current value and its past values and can show if there is a momentum factor associated with investing in KENYA AIRWAYS LTD.
Regressed Prices |
| Timeline |