Keyware Technologies (Belgium) Market Value
| KEYW Stock | EUR 0.80 0.01 1.27% |
| Symbol | Keyware |
Keyware Technologies '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 Keyware Technologies' 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 Keyware Technologies.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Keyware Technologies on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Keyware Technologies NV or generate 0.0% return on investment in Keyware Technologies over 720 days. Keyware Technologies is related to or competes with Ion Beam, and AGFA Gevaert. Keyware Technologies NV, an independent network service provider, provides electronic payment solutions in Belgium More
Keyware Technologies 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 Keyware Technologies' 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 Keyware Technologies NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 15.04 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.48 |
Keyware Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keyware Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keyware Technologies' standard deviation. In reality, there are many statistical measures that can use Keyware Technologies historical prices to predict the future Keyware Technologies' volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.199 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 0.749 |
Keyware Technologies Backtested Returns
Keyware Technologies appears to be extremely dangerous, given 3 months investment horizon. Keyware Technologies has Sharpe Ratio of 0.0822, which conveys that the firm had a 0.0822% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Keyware Technologies, which you can use to evaluate the volatility of the firm. Please exercise Keyware Technologies' Downside Deviation of 3.93, risk adjusted performance of 0.0761, and Mean Deviation of 1.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Keyware Technologies holds a performance score of 6. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Keyware Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Keyware Technologies is expected to be smaller as well. Please check Keyware Technologies' potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether Keyware Technologies' current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
Keyware Technologies NV has good predictability. Overlapping area represents the amount of predictability between Keyware Technologies time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Keyware Technologies price movement. The serial correlation of 0.77 indicates that around 77.0% of current Keyware Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Keyware Technologies lagged returns against current returns
Autocorrelation, which is Keyware Technologies 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 Keyware Technologies' stock expected returns. We can calculate the autocorrelation of Keyware Technologies returns to help us make a trade decision. For example, suppose you find that Keyware Technologies 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 |
Keyware Technologies 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 Keyware Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keyware Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keyware Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Keyware Technologies Lagged Returns
When evaluating Keyware Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keyware Technologies stock have on its future price. Keyware Technologies 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, Keyware Technologies autocorrelation shows the relationship between Keyware Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Keyware Technologies NV.
Regressed Prices |
| Timeline |
Pair Trading with Keyware Technologies
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 Keyware Technologies 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 Keyware Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Keyware Stock
Moving against Keyware Stock
| 0.71 | CENER | Cenergy Holdings | PairCorr |
| 0.67 | VIO | Viohalco SA | PairCorr |
| 0.51 | SPA | Socit de Services | PairCorr |
| 0.37 | ABO | ABO Group | PairCorr |
| 0.35 | FLOB | Floridienne | PairCorr |
The ability to find closely correlated positions to Keyware Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keyware Technologies 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 Keyware Technologies - 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 Keyware Technologies NV to buy it.
The correlation of Keyware Technologies 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 Keyware Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keyware Technologies 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 Keyware Technologies 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 Keyware Stock Analysis
When running Keyware Technologies' price analysis, check to measure Keyware Technologies' 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 Keyware Technologies is operating at the current time. Most of Keyware Technologies' value examination focuses on studying past and present price action to predict the probability of Keyware Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Keyware Technologies' price. Additionally, you may evaluate how the addition of Keyware Technologies to your portfolios can decrease your overall portfolio volatility.