Klaveness Combination (Norway) Market Value
| KCC Stock | 79.10 0.60 0.75% |
| Symbol | Klaveness |
Klaveness Combination '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 Klaveness Combination'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 Klaveness Combination.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Klaveness Combination on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Klaveness Combination Carriers or generate 0.0% return on investment in Klaveness Combination over 30 days. Klaveness Combination is related to or competes with Nidaros Sparebank, Odfjell Technology, Lea Bank, Kraft Bank, Skue Sparebank, Sparebanken Ost, and Clean Seas. More
Klaveness Combination 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 Klaveness Combination'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 Klaveness Combination Carriers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 2.61 |
Klaveness Combination Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Klaveness Combination's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Klaveness Combination's standard deviation. In reality, there are many statistical measures that can use Klaveness Combination historical prices to predict the future Klaveness Combination's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 13.76 |
Klaveness Combination Backtested Returns
Klaveness Combination has Sharpe Ratio of -0.076, which conveys that the firm had a -0.076% return per unit of risk over the last 3 months. Klaveness Combination exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Klaveness Combination's Mean Deviation of 1.44, risk adjusted performance of (0.07), and Standard Deviation of 1.79 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0133, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Klaveness Combination are expected to decrease at a much lower rate. During the bear market, Klaveness Combination is likely to outperform the market. At this point, Klaveness Combination has a negative expected return of -0.13%. Please make sure to verify Klaveness Combination's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if Klaveness Combination performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Klaveness Combination Carriers has virtually no predictability. Overlapping area represents the amount of predictability between Klaveness Combination time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Klaveness Combination price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Klaveness Combination price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.35 |
Klaveness Combination lagged returns against current returns
Autocorrelation, which is Klaveness Combination 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 Klaveness Combination's stock expected returns. We can calculate the autocorrelation of Klaveness Combination returns to help us make a trade decision. For example, suppose you find that Klaveness Combination 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 |
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Klaveness Combination 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 Klaveness Combination stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Klaveness Combination stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Klaveness Combination stock over time.
Current vs Lagged Prices |
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Klaveness Combination Lagged Returns
When evaluating Klaveness Combination's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Klaveness Combination stock have on its future price. Klaveness Combination 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, Klaveness Combination autocorrelation shows the relationship between Klaveness Combination stock current value and its past values and can show if there is a momentum factor associated with investing in Klaveness Combination Carriers.
Regressed Prices |
| Timeline |
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Klaveness Combination financial ratios help investors to determine whether Klaveness 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 Klaveness with respect to the benefits of owning Klaveness Combination security.