Kda Group Stock Market Value
| KDA Stock | CAD 0.25 0.02 8.70% |
| Symbol | KDA |
KDA '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 KDA'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 KDA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in KDA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding KDA Group or generate 0.0% return on investment in KDA over 30 days. KDA is related to or competes with Atrium Mortgage, Primaris Retail, Medical Facilities, Highwood Asset, Profound Medical, and Costco Wholesale. KDA Group Inc. provides pharmacy personnel replacement and vocational training services to health industry in the Provin... More
KDA 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 KDA'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 KDA Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.47 | |||
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 25.64 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
KDA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KDA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KDA's standard deviation. In reality, there are many statistical measures that can use KDA historical prices to predict the future KDA's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.0718 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0168 | |||
| Treynor Ratio | 0.1705 |
KDA Group Backtested Returns
KDA appears to be out of control, given 3 months investment horizon. KDA Group retains Efficiency (Sharpe Ratio) of 0.0417, which conveys that the firm had a 0.0417% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for KDA, which you can use to evaluate the volatility of the firm. Please exercise KDA's Downside Deviation of 7.47, mean deviation of 4.98, and Market Risk Adjusted Performance of 0.1805 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KDA holds a performance score of 3. The company owns a Beta (Systematic Risk) of 1.45, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, KDA will likely underperform. Please check KDA's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether KDA's current price history will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
KDA Group has modest reverse predictability. Overlapping area represents the amount of predictability between KDA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 KDA Group price movement. The serial correlation of -0.46 indicates that about 46.0% of current KDA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KDA Group lagged returns against current returns
Autocorrelation, which is KDA 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 KDA's stock expected returns. We can calculate the autocorrelation of KDA returns to help us make a trade decision. For example, suppose you find that KDA 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 |
KDA 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 KDA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KDA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KDA stock over time.
Current vs Lagged Prices |
| Timeline |
KDA Lagged Returns
When evaluating KDA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KDA stock have on its future price. KDA 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, KDA autocorrelation shows the relationship between KDA stock current value and its past values and can show if there is a momentum factor associated with investing in KDA Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for KDA Stock Analysis
When running KDA's price analysis, check to measure KDA'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 KDA is operating at the current time. Most of KDA's value examination focuses on studying past and present price action to predict the probability of KDA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KDA's price. Additionally, you may evaluate how the addition of KDA to your portfolios can decrease your overall portfolio volatility.