Kid ASA (Norway) Market Value
| KID Stock | NOK 122.60 0.40 0.33% |
| Symbol | Kid |
Kid ASA '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 Kid ASA'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 Kid ASA.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kid ASA on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Kid ASA or generate 0.0% return on investment in Kid ASA over 90 days. Kid ASA is related to or competes with Europris ASA, Selvaag Bolig, Storebrand ASA, Kitron ASA, and Orkla ASA. Kid ASA, together with its subsidiaries, operates as a home textile retailer in Norway More
Kid ASA 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 Kid ASA'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 Kid ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.01 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.01 |
Kid ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kid ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kid ASA's standard deviation. In reality, there are many statistical measures that can use Kid ASA historical prices to predict the future Kid ASA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.94) |
Kid ASA Backtested Returns
Kid ASA has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Kid ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kid ASA's Risk Adjusted Performance of (0.07), mean deviation of 1.59, and Standard Deviation of 2.12 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kid ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kid ASA is expected to be smaller as well. At this point, Kid ASA has a negative expected return of -0.24%. Please make sure to verify Kid ASA's treynor ratio, kurtosis, and the relationship between the jensen alpha and potential upside , to decide if Kid ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Kid ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Kid ASA time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Kid ASA price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Kid ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 144.55 |
Kid ASA lagged returns against current returns
Autocorrelation, which is Kid ASA 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 Kid ASA's stock expected returns. We can calculate the autocorrelation of Kid ASA returns to help us make a trade decision. For example, suppose you find that Kid ASA 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 |
Kid ASA 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 Kid ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kid ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kid ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Kid ASA Lagged Returns
When evaluating Kid ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kid ASA stock have on its future price. Kid ASA 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, Kid ASA autocorrelation shows the relationship between Kid ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Kid ASA.
Regressed Prices |
| Timeline |
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Kid ASA financial ratios help investors to determine whether Kid 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 Kid with respect to the benefits of owning Kid ASA security.