Kirin Holdings (Germany) Market Value
| KIR Stock | EUR 13.00 0.30 2.36% |
| Symbol | Kirin |
Kirin Holdings '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 Kirin Holdings' 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 Kirin Holdings.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kirin Holdings on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kirin Holdings or generate 0.0% return on investment in Kirin Holdings over 30 days. Kirin Holdings is related to or competes with Mitsubishi Materials, Eagle Materials, Methode Electronics, Nucletron Electronic, KIMBALL ELECTRONICS, Meiko Electronics, and METHODE ELECTRONICS. Kirin Holdings Company, Limited manufactures and sells alcoholic and non-alcoholic beverages, and pharmaceuticals and bi... More
Kirin Holdings 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 Kirin Holdings' 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 Kirin Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.36 |
Kirin Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kirin Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kirin Holdings' standard deviation. In reality, there are many statistical measures that can use Kirin Holdings historical prices to predict the future Kirin Holdings' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.6833 |
Kirin Holdings Backtested Returns
Kirin Holdings has Sharpe Ratio of -0.0249, which conveys that the firm had a -0.0249% return per unit of risk over the last 3 months. Kirin Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kirin Holdings' Mean Deviation of 1.11, risk adjusted performance of (0.03), and Standard Deviation of 1.46 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kirin Holdings are expected to decrease at a much lower rate. During the bear market, Kirin Holdings is likely to outperform the market. At this point, Kirin Holdings has a negative expected return of -0.0362%. Please make sure to verify Kirin Holdings' daily balance of power, price action indicator, and the relationship between the skewness and day median price , to decide if Kirin Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Kirin Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Kirin Holdings time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Kirin Holdings price movement. The serial correlation of -0.66 indicates that around 66.0% of current Kirin Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kirin Holdings lagged returns against current returns
Autocorrelation, which is Kirin Holdings 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 Kirin Holdings' stock expected returns. We can calculate the autocorrelation of Kirin Holdings returns to help us make a trade decision. For example, suppose you find that Kirin Holdings 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 |
Kirin Holdings 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 Kirin Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kirin Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kirin Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Kirin Holdings Lagged Returns
When evaluating Kirin Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kirin Holdings stock have on its future price. Kirin Holdings 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, Kirin Holdings autocorrelation shows the relationship between Kirin Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Kirin Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kirin Stock
Kirin Holdings financial ratios help investors to determine whether Kirin 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 Kirin with respect to the benefits of owning Kirin Holdings security.