Kumba Iron (South Africa) Market Value
| KIO Stock | 38,863 995.00 2.63% |
| Symbol | Kumba |
Kumba Iron '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 Kumba Iron'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 Kumba Iron.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Kumba Iron on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Kumba Iron Ore or generate 0.0% return on investment in Kumba Iron over 30 days. Kumba Iron is related to or competes with Reinet Investments, Trematon Capital, RCL Foods, Nedbank, Safari Investments, and British Amer. More
Kumba Iron 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 Kumba Iron'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 Kumba Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 9.86 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.97 |
Kumba Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kumba Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kumba Iron's standard deviation. In reality, there are many statistical measures that can use Kumba Iron historical prices to predict the future Kumba Iron's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.1727 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | (1.19) |
Kumba Iron Ore Backtested Returns
Kumba Iron appears to be very steady, given 3 months investment horizon. Kumba Iron Ore has Sharpe Ratio of 0.0972, which conveys that the firm had a 0.0972 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kumba Iron, which you can use to evaluate the volatility of the firm. Please exercise Kumba Iron's Downside Deviation of 1.94, mean deviation of 1.77, and Risk Adjusted Performance of 0.0708 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kumba Iron holds a performance score of 7. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kumba Iron are expected to decrease at a much lower rate. During the bear market, Kumba Iron is likely to outperform the market. Please check Kumba Iron's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Kumba Iron's current price movements will revert.
Auto-correlation | 0.80 |
Very good predictability
Kumba Iron Ore has very good predictability. Overlapping area represents the amount of predictability between Kumba Iron 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 Kumba Iron Ore price movement. The serial correlation of 0.8 indicates that around 80.0% of current Kumba Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 M |
Kumba Iron Ore lagged returns against current returns
Autocorrelation, which is Kumba Iron 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 Kumba Iron's stock expected returns. We can calculate the autocorrelation of Kumba Iron returns to help us make a trade decision. For example, suppose you find that Kumba Iron 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 |
Kumba Iron 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 Kumba Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kumba Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kumba Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Kumba Iron Lagged Returns
When evaluating Kumba Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kumba Iron stock have on its future price. Kumba Iron 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, Kumba Iron autocorrelation shows the relationship between Kumba Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Kumba Iron Ore.
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 Kumba Stock
Kumba Iron financial ratios help investors to determine whether Kumba 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 Kumba with respect to the benefits of owning Kumba Iron security.