Kingsmen Resources Stock Market Value
| KNG Stock | CAD 0.40 0.01 2.44% |
| Symbol | Kingsmen |
Kingsmen Resources '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 Kingsmen Resources' 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 Kingsmen Resources.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Kingsmen Resources on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Kingsmen Resources or generate 0.0% return on investment in Kingsmen Resources over 180 days. Kingsmen Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Kingsmen Resources Ltd., a junior mineral exploration company, engages in the acquisition and exploration of precious me... More
Kingsmen Resources 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 Kingsmen Resources' 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 Kingsmen Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.76 | |||
| Information Ratio | 0.0889 | |||
| Maximum Drawdown | 40.56 | |||
| Value At Risk | (13.51) | |||
| Potential Upside | 17.65 |
Kingsmen Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingsmen Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingsmen Resources' standard deviation. In reality, there are many statistical measures that can use Kingsmen Resources historical prices to predict the future Kingsmen Resources' volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 0.9237 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0771 | |||
| Treynor Ratio | (2.11) |
Kingsmen Resources Backtested Returns
Kingsmen Resources is out of control given 3 months investment horizon. Kingsmen Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Kingsmen Resources Downside Deviation of 9.76, risk adjusted performance of 0.0891, and Mean Deviation of 5.9 to evaluate company specific risk that cannot be diversified away. Kingsmen Resources holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kingsmen Resources are expected to decrease at a much lower rate. During the bear market, Kingsmen Resources is likely to outperform the market. Use Kingsmen Resources treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on Kingsmen Resources.
Auto-correlation | -0.63 |
Very good reverse predictability
Kingsmen Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Kingsmen Resources time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 to 24th 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 Kingsmen Resources price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Kingsmen Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kingsmen Resources lagged returns against current returns
Autocorrelation, which is Kingsmen Resources 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 Kingsmen Resources' stock expected returns. We can calculate the autocorrelation of Kingsmen Resources returns to help us make a trade decision. For example, suppose you find that Kingsmen Resources 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 |
Kingsmen Resources 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 Kingsmen Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingsmen Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingsmen Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Kingsmen Resources Lagged Returns
When evaluating Kingsmen Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingsmen Resources stock have on its future price. Kingsmen Resources 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, Kingsmen Resources autocorrelation shows the relationship between Kingsmen Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Kingsmen Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Kingsmen Stock Analysis
When running Kingsmen Resources' price analysis, check to measure Kingsmen Resources' 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 Kingsmen Resources is operating at the current time. Most of Kingsmen Resources' value examination focuses on studying past and present price action to predict the probability of Kingsmen Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsmen Resources' price. Additionally, you may evaluate how the addition of Kingsmen Resources to your portfolios can decrease your overall portfolio volatility.