Kumba Iron Ore Stock Market Value
| KIROY Stock | USD 6.25 0.04 0.64% |
| 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 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 Kumba Iron.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Kumba Iron on December 7, 2022 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 720 days. Kumba Iron is related to or competes with Labrador Iron, Fortescue Metals, Fortescue Metals, Anhui Conch, and Persimmon Plc. Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing... 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 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 Kumba Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.66 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 4.25 |
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 | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.11) |
Kumba Iron Ore Backtested Returns
Kumba Iron Ore has Sharpe Ratio of -0.0294, which conveys that the firm had a -0.0294% return per unit of risk over the last 3 months. Kumba Iron exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kumba Iron's Risk Adjusted Performance of (0.01), standard deviation of 2.77, and Mean Deviation of 2.08 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kumba Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kumba Iron is expected to be smaller as well. At this point, Kumba Iron Ore has a negative expected return of -0.0803%. Please make sure to verify Kumba Iron's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Kumba Iron Ore performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Kumba Iron Ore has no correlation between past and present. Overlapping area represents the amount of predictability between Kumba Iron time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Kumba Iron Ore price movement. The serial correlation of 0.0 indicates that just 0.0% of current Kumba Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Kumba Iron Ore lagged returns against current returns
Autocorrelation, which is Kumba Iron 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 Kumba Iron's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kumba Iron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kumba Iron pink sheet 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 pink sheet 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 pink sheet 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.Additional Tools for Kumba Pink Sheet Analysis
When running Kumba Iron's price analysis, check to measure Kumba Iron'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 Kumba Iron is operating at the current time. Most of Kumba Iron's value examination focuses on studying past and present price action to predict the probability of Kumba Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kumba Iron's price. Additionally, you may evaluate how the addition of Kumba Iron to your portfolios can decrease your overall portfolio volatility.