KIOCL (India) Market Value
| KIOCL Stock | 364.65 15.95 4.57% |
| Symbol | KIOCL |
KIOCL '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 KIOCL'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 KIOCL.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in KIOCL on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding KIOCL Limited or generate 0.0% return on investment in KIOCL over 180 days. KIOCL is related to or competes with NMDC, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, JTL Industries, and India Glycols. KIOCL is entity of India. It is traded as Stock on NSE exchange. More
KIOCL 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 KIOCL'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 KIOCL Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 4.91 |
KIOCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KIOCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KIOCL's standard deviation. In reality, there are many statistical measures that can use KIOCL historical prices to predict the future KIOCL's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.50) |
KIOCL Limited Backtested Returns
KIOCL Limited has Sharpe Ratio of -0.0362, which conveys that the firm had a -0.0362% return per unit of volatility over the last 3 months. KIOCL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KIOCL's mean deviation of 2.34, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KIOCL's returns are expected to increase less than the market. However, during the bear market, the loss of holding KIOCL is expected to be smaller as well. At this point, KIOCL Limited has a negative expected return of -0.13%. Please make sure to verify KIOCL's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if KIOCL Limited performance from the past will be repeated at future time.
Auto-correlation | 0.05 |
Virtually no predictability
KIOCL Limited has virtually no predictability. Overlapping area represents the amount of predictability between KIOCL time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 KIOCL Limited price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current KIOCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 642.25 |
KIOCL Limited lagged returns against current returns
Autocorrelation, which is KIOCL 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 KIOCL's stock expected returns. We can calculate the autocorrelation of KIOCL returns to help us make a trade decision. For example, suppose you find that KIOCL 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 |
KIOCL 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 KIOCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KIOCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KIOCL stock over time.
Current vs Lagged Prices |
| Timeline |
KIOCL Lagged Returns
When evaluating KIOCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KIOCL stock have on its future price. KIOCL 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, KIOCL autocorrelation shows the relationship between KIOCL stock current value and its past values and can show if there is a momentum factor associated with investing in KIOCL Limited.
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 KIOCL Stock
KIOCL financial ratios help investors to determine whether KIOCL 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 KIOCL with respect to the benefits of owning KIOCL security.