Kid ASA (Norway) Market Value
| KID Stock | NOK 140.00 4.00 2.78% |
| 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.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Kid ASA on February 28, 2023 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 720 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.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1173 | |||
| Maximum Drawdown | 15.44 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.77 |
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 | 0.0935 | |||
| Jensen Alpha | 0.2312 | |||
| Total Risk Alpha | 0.2284 | |||
| Sortino Ratio | 0.1761 | |||
| Treynor Ratio | 0.9631 |
Kid ASA Backtested Returns
Kid ASA appears to be very steady, given 3 months investment horizon. Kid ASA has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Kid ASA, which you can use to evaluate the volatility of the firm. Please exercise Kid ASA's Risk Adjusted Performance of 0.0935, mean deviation of 1.19, and Downside Deviation of 1.31 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kid ASA holds a performance score of 10. The company secures a Beta (Market Risk) of 0.24, 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. Please check Kid ASA's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Kid ASA's current price movements will revert.
Auto-correlation | 0.21 |
Weak predictability
Kid ASA has weak predictability. Overlapping area represents the amount of predictability between Kid ASA time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th 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 Kid ASA price movement. The serial correlation of 0.21 indicates that over 21.0% of current Kid ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 99.28 |
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.