Kansai Electric Power Stock Market Value
| KAEPY Stock | USD 6.04 0.14 2.27% |
| Symbol | Kansai |
Kansai Electric '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 Kansai Electric's pink sheet 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 Kansai Electric.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kansai Electric on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kansai Electric Power or generate 0.0% return on investment in Kansai Electric over 30 days. Kansai Electric is related to or competes with Constellation Energy, Orsted A/S, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, and High-yield Municipal. The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication busin... More
Kansai Electric 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 Kansai Electric's pink sheet 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 Kansai Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 23.79 | |||
| Value At Risk | (8.05) | |||
| Potential Upside | 5.82 |
Kansai Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansai Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kansai Electric's standard deviation. In reality, there are many statistical measures that can use Kansai Electric historical prices to predict the future Kansai Electric's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (0.66) |
Kansai Electric Power Backtested Returns
Kansai Electric Power has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Kansai Electric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kansai Electric's Risk Adjusted Performance of (0.08), mean deviation of 3.19, and Standard Deviation of 4.42 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kansai Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kansai Electric is expected to be smaller as well. At this point, Kansai Electric Power has a negative expected return of -0.53%. Please make sure to verify Kansai Electric's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Kansai Electric Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Kansai Electric Power has very weak reverse predictability. Overlapping area represents the amount of predictability between Kansai Electric 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 Kansai Electric Power price movement. The serial correlation of -0.02 indicates that only 2.0% of current Kansai Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kansai Electric Power lagged returns against current returns
Autocorrelation, which is Kansai Electric pink sheet'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 Kansai Electric's pink sheet expected returns. We can calculate the autocorrelation of Kansai Electric returns to help us make a trade decision. For example, suppose you find that Kansai Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Kansai Electric 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 Kansai Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kansai Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kansai Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kansai Electric Lagged Returns
When evaluating Kansai Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kansai Electric pink sheet have on its future price. Kansai Electric 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, Kansai Electric autocorrelation shows the relationship between Kansai Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kansai Electric Power.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Kansai Pink Sheet Analysis
When running Kansai Electric's price analysis, check to measure Kansai Electric'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 Kansai Electric is operating at the current time. Most of Kansai Electric's value examination focuses on studying past and present price action to predict the probability of Kansai Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kansai Electric's price. Additionally, you may evaluate how the addition of Kansai Electric to your portfolios can decrease your overall portfolio volatility.