Kitwave Group (UK) Market Value
| KITW Stock | 319.00 1.00 0.31% |
| Symbol | Kitwave |
Kitwave 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 Kitwave Group'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 Kitwave Group.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kitwave Group on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kitwave Group PLC or generate 0.0% return on investment in Kitwave Group over 60 days. Kitwave Group is related to or competes with OneSavings Bank, JB Hunt, Discover Financial, Summit Materials, Skandinaviska Enskilda, Martin Marietta, and Bank of Ireland. Kitwave Group is entity of United Kingdom More
Kitwave 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 Kitwave Group'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 Kitwave Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.49 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 4.05 |
Kitwave Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kitwave Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kitwave Group's standard deviation. In reality, there are many statistical measures that can use Kitwave Group historical prices to predict the future Kitwave Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.25) |
Kitwave Group PLC Backtested Returns
Kitwave Group PLC has Sharpe Ratio of -0.0054, which conveys that the firm had a -0.0054% return per unit of risk over the last 3 months. Kitwave Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kitwave Group's Mean Deviation of 1.54, risk adjusted performance of (0.01), and Standard Deviation of 2.13 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kitwave Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kitwave Group is expected to be smaller as well. At this point, Kitwave Group PLC has a negative expected return of -0.0114%. Please make sure to verify Kitwave Group's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Kitwave Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Kitwave Group PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kitwave Group time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 Kitwave Group PLC price movement. The serial correlation of -0.16 indicates that over 16.0% of current Kitwave Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 51.88 |
Kitwave Group PLC lagged returns against current returns
Autocorrelation, which is Kitwave Group 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 Kitwave Group's stock expected returns. We can calculate the autocorrelation of Kitwave Group returns to help us make a trade decision. For example, suppose you find that Kitwave Group 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 |
Kitwave 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 Kitwave Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kitwave Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kitwave Group stock over time.
Current vs Lagged Prices |
| Timeline |
Kitwave Group Lagged Returns
When evaluating Kitwave Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kitwave Group stock have on its future price. Kitwave 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, Kitwave Group autocorrelation shows the relationship between Kitwave Group stock current value and its past values and can show if there is a momentum factor associated with investing in Kitwave Group PLC.
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 Kitwave Stock Analysis
When running Kitwave Group's price analysis, check to measure Kitwave 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 Kitwave Group is operating at the current time. Most of Kitwave Group's value examination focuses on studying past and present price action to predict the probability of Kitwave 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 Kitwave Group's price. Additionally, you may evaluate how the addition of Kitwave Group to your portfolios can decrease your overall portfolio volatility.