Kfin Technologies (India) Market Value
| KFINTECH | 1,090 9.00 0.83% |
| Symbol | Kfin |
Kfin 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 Kfin 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 Kfin Technologies.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Kfin Technologies on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Kfin Technologies Limited or generate 0.0% return on investment in Kfin Technologies over 30 days. Kfin Technologies is related to or competes with GM Breweries, LT Technology, Clean Science, FCS Software, Unitech, Som Distilleries, and Mtar Technologies. Kfin Technologies is entity of India. It is traded as Stock on NSE exchange. More
Kfin 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 Kfin 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 Kfin Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 16.7 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 6.14 |
Kfin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kfin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kfin Technologies' standard deviation. In reality, there are many statistical measures that can use Kfin Technologies historical prices to predict the future Kfin Technologies' volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.2294 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0451 | |||
| Treynor Ratio | (6.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kfin Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kfin Technologies Backtested Returns
At this point, Kfin Technologies is very steady. Kfin Technologies has Sharpe Ratio of 0.0522, which conveys that the firm had a 0.0522 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kfin Technologies, which you can use to evaluate the volatility of the firm. Please verify Kfin Technologies' Downside Deviation of 3.51, mean deviation of 2.62, and Risk Adjusted Performance of 0.0654 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Kfin Technologies has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0347, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kfin Technologies are expected to decrease at a much lower rate. During the bear market, Kfin Technologies is likely to outperform the market. Kfin Technologies right now secures a risk of 3.47%. Please verify Kfin Technologies Limited downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Kfin Technologies Limited will be following its current price movements.
Auto-correlation | 0.67 |
Good predictability
Kfin Technologies Limited has good predictability. Overlapping area represents the amount of predictability between Kfin Technologies time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kfin Technologies price movement. The serial correlation of 0.67 indicates that around 67.0% of current Kfin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1742.43 |
Kfin Technologies lagged returns against current returns
Autocorrelation, which is Kfin 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 Kfin Technologies' stock expected returns. We can calculate the autocorrelation of Kfin Technologies returns to help us make a trade decision. For example, suppose you find that Kfin 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 |
Kfin 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 Kfin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kfin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kfin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Kfin Technologies Lagged Returns
When evaluating Kfin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kfin Technologies stock have on its future price. Kfin 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, Kfin Technologies autocorrelation shows the relationship between Kfin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Kfin Technologies Limited.
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 Kfin Stock
Kfin Technologies financial ratios help investors to determine whether Kfin 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 Kfin with respect to the benefits of owning Kfin Technologies security.