K2 Asset (Australia) Market Value
| KAM Stock | 0.06 0.00 0.00% |
| Symbol | KAM |
K2 Asset '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 K2 Asset'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 K2 Asset.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in K2 Asset on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding K2 Asset Management or generate 0.0% return on investment in K2 Asset over 180 days. K2 Asset is related to or competes with National Australia, National Australia, Westpac Banking, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. K2 Asset is entity of Australia. It is traded as Stock on AU exchange. More
K2 Asset 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 K2 Asset'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 K2 Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1468 | |||
| Maximum Drawdown | 69.09 | |||
| Potential Upside | 8.0 |
K2 Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K2 Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K2 Asset's standard deviation. In reality, there are many statistical measures that can use K2 Asset historical prices to predict the future K2 Asset's volatility.| Risk Adjusted Performance | 0.1336 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | 0.0519 | |||
| Treynor Ratio | (1.29) |
K2 Asset Management Backtested Returns
K2 Asset appears to be out of control, given 3 months investment horizon. K2 Asset Management retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the company had a 0.13% return per unit of price deviation over the last 3 months. We have found seventeen technical indicators for K2 Asset, which you can use to evaluate the volatility of the entity. Please exercise K2 Asset's Mean Deviation of 2.82, information ratio of 0.1468, and Market Risk Adjusted Performance of (1.28) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K2 Asset holds a performance score of 10. The firm owns a Beta (Systematic Risk) of -0.99, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning K2 Asset are expected to decrease slowly. On the other hand, during market turmoil, K2 Asset is expected to outperform it slightly. Please check K2 Asset's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to make a quick decision on whether K2 Asset's current price history will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
K2 Asset Management has very good reverse predictability. Overlapping area represents the amount of predictability between K2 Asset time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 K2 Asset Management price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current K2 Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
K2 Asset Management lagged returns against current returns
Autocorrelation, which is K2 Asset 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 K2 Asset's stock expected returns. We can calculate the autocorrelation of K2 Asset returns to help us make a trade decision. For example, suppose you find that K2 Asset 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 |
K2 Asset 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 K2 Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K2 Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K2 Asset stock over time.
Current vs Lagged Prices |
| Timeline |
K2 Asset Lagged Returns
When evaluating K2 Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K2 Asset stock have on its future price. K2 Asset 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, K2 Asset autocorrelation shows the relationship between K2 Asset stock current value and its past values and can show if there is a momentum factor associated with investing in K2 Asset Management.
Regressed Prices |
| Timeline |
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Additional Tools for KAM Stock Analysis
When running K2 Asset's price analysis, check to measure K2 Asset'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 K2 Asset is operating at the current time. Most of K2 Asset's value examination focuses on studying past and present price action to predict the probability of K2 Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move K2 Asset's price. Additionally, you may evaluate how the addition of K2 Asset to your portfolios can decrease your overall portfolio volatility.