Kongsberg Automotive Asa Stock Market Value
| KGAUF Stock | USD 0.16 0.00 0.00% |
| Symbol | Kongsberg |
Kongsberg Automotive '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 Kongsberg Automotive's pink sheet 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 Kongsberg Automotive.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Kongsberg Automotive on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kongsberg Automotive ASA or generate 0.0% return on investment in Kongsberg Automotive over 30 days. Kongsberg Automotive is related to or competes with Astra International, Allison Transmission, Luminar Technologies, and Knorr-Bremse Aktiengesellscha. Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide More
Kongsberg Automotive 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 Kongsberg Automotive's pink sheet 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 Kongsberg Automotive ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 45.45 |
Kongsberg Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kongsberg Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kongsberg Automotive's standard deviation. In reality, there are many statistical measures that can use Kongsberg Automotive historical prices to predict the future Kongsberg Automotive's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.1675 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.3837 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kongsberg Automotive's 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.
Kongsberg Automotive ASA Backtested Returns
Kongsberg Automotive appears to be out of control, given 3 months investment horizon. Kongsberg Automotive ASA has Sharpe Ratio of 0.0461, which conveys that the firm had a 0.0461 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Kongsberg Automotive, which you can use to evaluate the volatility of the firm. Please exercise Kongsberg Automotive's Risk Adjusted Performance of 0.0331, standard deviation of 6.58, and Mean Deviation of 1.37 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kongsberg Automotive holds a performance score of 3. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kongsberg Automotive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kongsberg Automotive is expected to be smaller as well. Please check Kongsberg Automotive's information ratio and kurtosis , to make a quick decision on whether Kongsberg Automotive's current price movements will revert.
Auto-correlation | Huge |
Perfect predictability
Kongsberg Automotive ASA has perfect predictability. Overlapping area represents the amount of predictability between Kongsberg Automotive time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Kongsberg Automotive ASA price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Kongsberg Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kongsberg Automotive ASA lagged returns against current returns
Autocorrelation, which is Kongsberg Automotive pink sheet'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 Kongsberg Automotive's pink sheet expected returns. We can calculate the autocorrelation of Kongsberg Automotive returns to help us make a trade decision. For example, suppose you find that Kongsberg Automotive has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Kongsberg Automotive 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 Kongsberg Automotive pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kongsberg Automotive pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kongsberg Automotive pink sheet over time.
Current vs Lagged Prices |
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Kongsberg Automotive Lagged Returns
When evaluating Kongsberg Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kongsberg Automotive pink sheet have on its future price. Kongsberg Automotive 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, Kongsberg Automotive autocorrelation shows the relationship between Kongsberg Automotive pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kongsberg Automotive ASA.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Kongsberg Pink Sheet
Kongsberg Automotive financial ratios help investors to determine whether Kongsberg Pink Sheet 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 Kongsberg with respect to the benefits of owning Kongsberg Automotive security.