Kap Industrial (South Africa) Market Value
| KAP Stock | 312.00 8.00 2.50% |
| Symbol | Kap |
Kap Industrial '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 Kap Industrial'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 Kap Industrial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Kap Industrial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kap Industrial Holdings or generate 0.0% return on investment in Kap Industrial over 30 days. Kap Industrial is related to or competes with Deneb Investments, Frontier Transport, African Media, HomeChoice Investments, Reinet Investments, and RCL Foods. More
Kap Industrial 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 Kap Industrial'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 Kap Industrial Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.13 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 3.36 |
Kap Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kap Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kap Industrial's standard deviation. In reality, there are many statistical measures that can use Kap Industrial historical prices to predict the future Kap Industrial's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0755 |
Kap Industrial Holdings Backtested Returns
Kap Industrial Holdings has Sharpe Ratio of -0.0206, which conveys that the firm had a -0.0206% return per unit of risk over the last 3 months. Kap Industrial exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kap Industrial's Risk Adjusted Performance of 0.0184, downside deviation of 1.75, and Mean Deviation of 1.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kap Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kap Industrial is expected to be smaller as well. At this point, Kap Industrial Holdings has a negative expected return of -0.035%. Please make sure to verify Kap Industrial's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Kap Industrial Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Kap Industrial Holdings has modest predictability. Overlapping area represents the amount of predictability between Kap Industrial 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 Kap Industrial Holdings price movement. The serial correlation of 0.51 indicates that about 51.0% of current Kap Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 56.79 |
Kap Industrial Holdings lagged returns against current returns
Autocorrelation, which is Kap Industrial 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 Kap Industrial's stock expected returns. We can calculate the autocorrelation of Kap Industrial returns to help us make a trade decision. For example, suppose you find that Kap Industrial 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 |
Kap Industrial 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 Kap Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kap Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kap Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Kap Industrial Lagged Returns
When evaluating Kap Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kap Industrial stock have on its future price. Kap Industrial 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, Kap Industrial autocorrelation shows the relationship between Kap Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Kap Industrial Holdings.
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.Other Information on Investing in Kap Stock
Kap Industrial financial ratios help investors to determine whether Kap 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 Kap with respect to the benefits of owning Kap Industrial security.