Klckner Co (Germany) Market Value
| KCO Stock | EUR 4.78 0.05 1.04% |
| Symbol | Klckner |
Klckner Co '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 Klckner Co'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 Klckner Co.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Klckner Co on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Klckner Co SE or generate 0.0% return on investment in Klckner Co over 30 days. Klckner Co is related to or competes with Choice Hotels, Beazer Homes, HYATT HOTELS-A, KB HOME, 24SEVENOFFICE GROUP, and Pebblebrook Hotel. Klckner Co SE, through its subsidiaries, distributes steel and metal products More
Klckner Co 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 Klckner Co'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 Klckner Co SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 3.24 |
Klckner Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Klckner Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Klckner Co's standard deviation. In reality, there are many statistical measures that can use Klckner Co historical prices to predict the future Klckner Co's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.1974 |
Klckner Co SE Backtested Returns
Klckner Co SE has Sharpe Ratio of -0.0687, which conveys that the firm had a -0.0687% return per unit of risk over the last 3 months. Klckner Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Klckner Co's Mean Deviation of 1.32, risk adjusted performance of (0.01), and Standard Deviation of 1.7 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Klckner Co are expected to decrease at a much lower rate. During the bear market, Klckner Co is likely to outperform the market. At this point, Klckner Co SE has a negative expected return of -0.11%. Please make sure to verify Klckner Co's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Klckner Co SE performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Klckner Co SE has poor reverse predictability. Overlapping area represents the amount of predictability between Klckner Co 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 Klckner Co SE price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Klckner Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Klckner Co SE lagged returns against current returns
Autocorrelation, which is Klckner Co 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 Klckner Co's stock expected returns. We can calculate the autocorrelation of Klckner Co returns to help us make a trade decision. For example, suppose you find that Klckner Co 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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Klckner Co 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 Klckner Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Klckner Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Klckner Co stock over time.
Current vs Lagged Prices |
| Timeline |
Klckner Co Lagged Returns
When evaluating Klckner Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Klckner Co stock have on its future price. Klckner Co 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, Klckner Co autocorrelation shows the relationship between Klckner Co stock current value and its past values and can show if there is a momentum factor associated with investing in Klckner Co SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Klckner Stock
Klckner Co financial ratios help investors to determine whether Klckner 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 Klckner with respect to the benefits of owning Klckner Co security.