Kaynes Technology (India) Market Value
| KAYNES Stock | 5,986 89.80 1.52% |
| Symbol | Kaynes |
Kaynes Technology '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 Kaynes Technology'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 Kaynes Technology.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kaynes Technology on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kaynes Technology India or generate 0.0% return on investment in Kaynes Technology over 60 days. Kaynes Technology is related to or competes with DMCC SPECIALITY, JSW Steel, Biofil Chemicals, Manaksia Steels, Electrosteel Castings, Can Fin, and Sukhjit Starch. Kaynes Technology is entity of India. It is traded as Stock on NSE exchange. More
Kaynes Technology 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 Kaynes Technology'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 Kaynes Technology India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 15.86 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 4.71 |
Kaynes Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaynes Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaynes Technology's standard deviation. In reality, there are many statistical measures that can use Kaynes Technology historical prices to predict the future Kaynes Technology's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.2772 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | (13.95) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kaynes Technology'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.
Kaynes Technology India Backtested Returns
Kaynes Technology appears to be very steady, given 3 months investment horizon. Kaynes Technology India 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. We have found twenty-nine technical indicators for Kaynes Technology, which you can use to evaluate the volatility of the firm. Please exercise Kaynes Technology's Downside Deviation of 2.67, risk adjusted performance of 0.0809, and Mean Deviation of 2.03 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kaynes Technology holds a performance score of 9. The company secures a Beta (Market Risk) of -0.0197, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kaynes Technology are expected to decrease at a much lower rate. During the bear market, Kaynes Technology is likely to outperform the market. Please check Kaynes Technology's kurtosis, and the relationship between the downside variance and day median price , to make a quick decision on whether Kaynes Technology's current price movements will revert.
Auto-correlation | 0.19 |
Very weak predictability
Kaynes Technology India has very weak predictability. Overlapping area represents the amount of predictability between Kaynes Technology time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Kaynes Technology India price movement. The serial correlation of 0.19 indicates that over 19.0% of current Kaynes Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 49.3 K |
Kaynes Technology India lagged returns against current returns
Autocorrelation, which is Kaynes Technology 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 Kaynes Technology's stock expected returns. We can calculate the autocorrelation of Kaynes Technology returns to help us make a trade decision. For example, suppose you find that Kaynes Technology 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 |
Kaynes Technology 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 Kaynes Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaynes Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaynes Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Kaynes Technology Lagged Returns
When evaluating Kaynes Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaynes Technology stock have on its future price. Kaynes Technology 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, Kaynes Technology autocorrelation shows the relationship between Kaynes Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Kaynes Technology India.
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 Kaynes Stock
Kaynes Technology financial ratios help investors to determine whether Kaynes 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 Kaynes with respect to the benefits of owning Kaynes Technology security.