Kaiser Aluminum (Germany) Market Value
| KLU1 Stock | EUR 73.50 5.00 6.37% |
| Symbol | Kaiser |
Kaiser Aluminum '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 Kaiser Aluminum'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 Kaiser Aluminum.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Kaiser Aluminum on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kaiser Aluminum or generate 0.0% return on investment in Kaiser Aluminum over 30 days. Kaiser Aluminum is related to or competes with TEXAS ROADHOUSE, Air Lease, Lion One, Gaztransport Technigaz, MCEWEN MINING, and Fukuyama Transporting. Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products More
Kaiser Aluminum 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 Kaiser Aluminum'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 Kaiser Aluminum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 14.24 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 4.23 |
Kaiser Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaiser Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaiser Aluminum's standard deviation. In reality, there are many statistical measures that can use Kaiser Aluminum historical prices to predict the future Kaiser Aluminum's volatility.| Risk Adjusted Performance | 0.0916 | |||
| Jensen Alpha | 0.2539 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0895 | |||
| Treynor Ratio | 0.8036 |
Kaiser Aluminum Backtested Returns
Kaiser Aluminum appears to be very steady, given 3 months investment horizon. Kaiser Aluminum has Sharpe Ratio of 0.0702, which conveys that the firm had a 0.0702% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Kaiser Aluminum, which you can use to evaluate the volatility of the firm. Please exercise Kaiser Aluminum's Mean Deviation of 2.04, risk adjusted performance of 0.0916, and Downside Deviation of 2.12 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kaiser Aluminum holds a performance score of 5. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kaiser Aluminum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kaiser Aluminum is expected to be smaller as well. Please check Kaiser Aluminum's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Kaiser Aluminum's current price movements will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Kaiser Aluminum has very good reverse predictability. Overlapping area represents the amount of predictability between Kaiser Aluminum time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Kaiser Aluminum price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Kaiser Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 4.7 |
Kaiser Aluminum lagged returns against current returns
Autocorrelation, which is Kaiser Aluminum 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 Kaiser Aluminum's stock expected returns. We can calculate the autocorrelation of Kaiser Aluminum returns to help us make a trade decision. For example, suppose you find that Kaiser Aluminum 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 |
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Kaiser Aluminum 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 Kaiser Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaiser Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaiser Aluminum stock over time.
Current vs Lagged Prices |
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Kaiser Aluminum Lagged Returns
When evaluating Kaiser Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaiser Aluminum stock have on its future price. Kaiser Aluminum 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, Kaiser Aluminum autocorrelation shows the relationship between Kaiser Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Kaiser Aluminum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Kaiser Stock
When determining whether Kaiser Aluminum is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kaiser Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kaiser Aluminum Stock. Highlighted below are key reports to facilitate an investment decision about Kaiser Aluminum Stock:Check out Kaiser Aluminum Correlation, Kaiser Aluminum Volatility and Kaiser Aluminum Alpha and Beta module to complement your research on Kaiser Aluminum. For more detail on how to invest in Kaiser Stock please use our How to Invest in Kaiser Aluminum guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Kaiser Aluminum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.