Kendrion (Netherlands) Market Value
| KENDR Stock | EUR 10.96 0.06 0.55% |
| Symbol | Kendrion |
Kendrion '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 Kendrion'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 Kendrion.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Kendrion on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Kendrion NV or generate 0.0% return on investment in Kendrion over 510 days. Kendrion is related to or competes with TKH Group, NV Nederlandsche, Brunel International, Aalberts Industries, and Sligro Food. Kendrion N.V. develops, manufactures, and markets electromagnetic systems and components for industrial and automotive a... More
Kendrion 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 Kendrion'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 Kendrion NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.46 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 1.76 |
Kendrion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kendrion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kendrion's standard deviation. In reality, there are many statistical measures that can use Kendrion historical prices to predict the future Kendrion's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.52) |
Kendrion NV Backtested Returns
Kendrion NV has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Kendrion exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kendrion's Standard Deviation of 1.67, mean deviation of 1.29, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kendrion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kendrion is expected to be smaller as well. At this point, Kendrion NV has a negative expected return of -0.24%. Please make sure to verify Kendrion's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Kendrion NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Kendrion NV has modest predictability. Overlapping area represents the amount of predictability between Kendrion time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Kendrion NV price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Kendrion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Kendrion NV lagged returns against current returns
Autocorrelation, which is Kendrion 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 Kendrion's stock expected returns. We can calculate the autocorrelation of Kendrion returns to help us make a trade decision. For example, suppose you find that Kendrion 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 |
Kendrion 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 Kendrion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kendrion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kendrion stock over time.
Current vs Lagged Prices |
| Timeline |
Kendrion Lagged Returns
When evaluating Kendrion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kendrion stock have on its future price. Kendrion 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, Kendrion autocorrelation shows the relationship between Kendrion stock current value and its past values and can show if there is a momentum factor associated with investing in Kendrion NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Kendrion Stock
Kendrion financial ratios help investors to determine whether Kendrion 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 Kendrion with respect to the benefits of owning Kendrion security.