KLA (Germany) Market Value
| KLA Stock | EUR 583.60 9.20 1.60% |
| Symbol | KLA |
KLA '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 KLA'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 KLA.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in KLA on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding KLA Corporation or generate 0.0% return on investment in KLA over 360 days. KLA is related to or competes with WIMFARM SA, National Bank, QBE Insurance, Sumitomo Mitsui, H FARM, and Daito Trust. KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor ... More
KLA 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 KLA'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 KLA Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.76 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.85 |
KLA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLA's standard deviation. In reality, there are many statistical measures that can use KLA historical prices to predict the future KLA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 1.67 |
KLA Corporation Backtested Returns
KLA Corporation retains Efficiency (Sharpe Ratio) of -0.0901, which conveys that the firm had a -0.0901% return per unit of return volatility over the last 3 months. KLA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KLA's Market Risk Adjusted Performance of 1.68, standard deviation of 2.98, and Mean Deviation of 1.85 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KLA are expected to decrease at a much lower rate. During the bear market, KLA is likely to outperform the market. At this point, KLA Corporation has a negative expected return of -0.27%. Please make sure to verify KLA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if KLA Corporation performance from the past will be repeated in the future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
KLA Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between KLA time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 KLA Corporation price movement. The serial correlation of -0.72 indicates that around 72.0% of current KLA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 3042.89 |
KLA Corporation lagged returns against current returns
Autocorrelation, which is KLA 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 KLA's stock expected returns. We can calculate the autocorrelation of KLA returns to help us make a trade decision. For example, suppose you find that KLA 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 |
KLA 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 KLA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLA stock over time.
Current vs Lagged Prices |
| Timeline |
KLA Lagged Returns
When evaluating KLA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLA stock have on its future price. KLA 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, KLA autocorrelation shows the relationship between KLA stock current value and its past values and can show if there is a momentum factor associated with investing in KLA Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KLA Stock
KLA financial ratios help investors to determine whether KLA 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 KLA with respect to the benefits of owning KLA security.