Kion Group Ag Stock Market Value
| KIGRY Stock | USD 8.87 0.30 3.50% |
| Symbol | Kion |
Kion Group '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 Kion Group'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 Kion Group.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Kion Group on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Kion Group AG or generate 0.0% return on investment in Kion Group over 720 days. Kion Group is related to or competes with Rev, Gencor Industries, Alamo, Wabash National, Columbus McKinnon, Deere, and Caterpillar. KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide More
Kion Group 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 Kion Group'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 Kion Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.97 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.93 |
Kion Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kion Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kion Group's standard deviation. In reality, there are many statistical measures that can use Kion Group historical prices to predict the future Kion Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.10) |
Kion Group AG Backtested Returns
Kion Group AG has Sharpe Ratio of -0.0237, which conveys that the firm had a -0.0237% return per unit of risk over the last 3 months. Kion Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kion Group's Risk Adjusted Performance of (0.02), standard deviation of 2.51, and Mean Deviation of 1.97 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. Kion Group returns are very sensitive to returns on the market. As the market goes up or down, Kion Group is expected to follow. At this point, Kion Group AG has a negative expected return of -0.0597%. Please make sure to verify Kion Group's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Kion Group AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Kion Group AG has virtually no predictability. Overlapping area represents the amount of predictability between Kion Group time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Kion Group AG price movement. The serial correlation of 0.01 indicates that just 1.0% of current Kion Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Kion Group AG lagged returns against current returns
Autocorrelation, which is Kion Group 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 Kion Group's pink sheet expected returns. We can calculate the autocorrelation of Kion Group returns to help us make a trade decision. For example, suppose you find that Kion Group 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 |
| Timeline |
Kion Group 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 Kion Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kion Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kion Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kion Group Lagged Returns
When evaluating Kion Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kion Group pink sheet have on its future price. Kion Group 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, Kion Group autocorrelation shows the relationship between Kion Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kion Group AG.
Regressed Prices |
| Timeline |
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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.Additional Tools for Kion Pink Sheet Analysis
When running Kion Group's price analysis, check to measure Kion Group's 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 Kion Group is operating at the current time. Most of Kion Group's value examination focuses on studying past and present price action to predict the probability of Kion Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kion Group's price. Additionally, you may evaluate how the addition of Kion Group to your portfolios can decrease your overall portfolio volatility.