Konecranes Plc (Finland) Market Value
| KCR Stock | EUR 63.50 0.75 1.20% |
| Symbol | Konecranes |
Konecranes Plc '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 Konecranes Plc'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 Konecranes Plc.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Konecranes Plc on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Konecranes Plc or generate 0.0% return on investment in Konecranes Plc over 180 days. Konecranes Plc is related to or competes with Cargotec Oyj, Sampo Oyj, Wartsila Oyj, Valmet Oyj, and UPM Kymmene. Konecranes Plc manufactures, sells, and services lifting equipment worldwide More
Konecranes Plc 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 Konecranes Plc'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 Konecranes Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.24 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.09 |
Konecranes Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Konecranes Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Konecranes Plc's standard deviation. In reality, there are many statistical measures that can use Konecranes Plc historical prices to predict the future Konecranes Plc's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0592 |
Konecranes Plc Backtested Returns
At this point, Konecranes Plc is very steady. Konecranes Plc has Sharpe Ratio of 0.0223, which conveys that the firm had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Konecranes Plc, which you can use to evaluate the volatility of the firm. Please verify Konecranes Plc's Downside Deviation of 1.93, mean deviation of 1.28, and Risk Adjusted Performance of 0.03 to check out if the risk estimate we provide is consistent with the expected return of 0.0411%. Konecranes Plc has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Konecranes Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Konecranes Plc is expected to be smaller as well. Konecranes Plc right now secures a risk of 1.84%. Please verify Konecranes Plc value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Konecranes Plc will be following its current price movements.
Auto-correlation | 0.09 |
Virtually no predictability
Konecranes Plc has virtually no predictability. Overlapping area represents the amount of predictability between Konecranes Plc time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Konecranes Plc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Konecranes Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 8.12 |
Konecranes Plc lagged returns against current returns
Autocorrelation, which is Konecranes Plc 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 Konecranes Plc's stock expected returns. We can calculate the autocorrelation of Konecranes Plc returns to help us make a trade decision. For example, suppose you find that Konecranes Plc 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 |
Konecranes Plc 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 Konecranes Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Konecranes Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Konecranes Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Konecranes Plc Lagged Returns
When evaluating Konecranes Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Konecranes Plc stock have on its future price. Konecranes Plc 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, Konecranes Plc autocorrelation shows the relationship between Konecranes Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Konecranes Plc.
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 Konecranes Stock
Konecranes Plc financial ratios help investors to determine whether Konecranes 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 Konecranes with respect to the benefits of owning Konecranes Plc security.