KCI SA (Poland) Market Value
| KCI Stock | 0.79 0.01 1.25% |
| Symbol | KCI |
KCI SA '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 KCI SA'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 KCI SA.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in KCI SA on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding KCI SA or generate 0.0% return on investment in KCI SA over 720 days. KCI SA is related to or competes with Tower Investments, Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
KCI SA 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 KCI SA'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 KCI SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.53 |
KCI SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KCI SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KCI SA's standard deviation. In reality, there are many statistical measures that can use KCI SA historical prices to predict the future KCI SA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.2502 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KCI SA'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.
KCI SA Backtested Returns
KCI SA has Sharpe Ratio of -0.0252, which conveys that the company had a -0.0252% return per unit of risk over the last 3 months. KCI SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KCI SA's Coefficient Of Variation of (4,302), mean deviation of 0.8499, and Standard Deviation of 1.28 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KCI SA are expected to decrease at a much lower rate. During the bear market, KCI SA is likely to outperform the market. At this point, KCI SA has a negative expected return of -0.0314%. Please make sure to verify KCI SA's maximum drawdown and the relationship between the kurtosis and relative strength index , to decide if KCI SA performance from the past will be repeated in the future.
Auto-correlation | -0.4 |
Poor reverse predictability
KCI SA has poor reverse predictability. Overlapping area represents the amount of predictability between KCI SA time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 KCI SA price movement. The serial correlation of -0.4 indicates that just about 40.0% of current KCI SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KCI SA lagged returns against current returns
Autocorrelation, which is KCI SA 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 KCI SA's stock expected returns. We can calculate the autocorrelation of KCI SA returns to help us make a trade decision. For example, suppose you find that KCI SA 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 |
KCI SA 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 KCI SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KCI SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KCI SA stock over time.
Current vs Lagged Prices |
| Timeline |
KCI SA Lagged Returns
When evaluating KCI SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KCI SA stock have on its future price. KCI SA 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, KCI SA autocorrelation shows the relationship between KCI SA stock current value and its past values and can show if there is a momentum factor associated with investing in KCI SA.
Regressed Prices |
| Timeline |
Pair Trading with KCI SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KCI SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KCI SA will appreciate offsetting losses from the drop in the long position's value.Moving against KCI Stock
The ability to find closely correlated positions to KCI SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KCI SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KCI SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KCI SA to buy it.
The correlation of KCI SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KCI SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KCI SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KCI SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for KCI Stock Analysis
When running KCI SA's price analysis, check to measure KCI SA'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 KCI SA is operating at the current time. Most of KCI SA's value examination focuses on studying past and present price action to predict the probability of KCI SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KCI SA's price. Additionally, you may evaluate how the addition of KCI SA to your portfolios can decrease your overall portfolio volatility.