KNR Constructions (India) Market Value
| KNRCON Stock | 314.70 1.35 0.43% |
| Symbol | KNR |
KNR Constructions '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 KNR Constructions' 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 KNR Constructions.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in KNR Constructions on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding KNR Constructions Limited or generate 0.0% return on investment in KNR Constructions over 180 days. KNR Constructions is related to or competes with Reliance Communications, JGCHEMICALS, Shyam Telecom, One 97, Biofil Chemicals, Kanoria Chemicals, and Tamilnadu Telecommunicatio. KNR Constructions is entity of India. It is traded as Stock on NSE exchange. More
KNR Constructions 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 KNR Constructions' 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 KNR Constructions Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.31 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.86 |
KNR Constructions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KNR Constructions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KNR Constructions' standard deviation. In reality, there are many statistical measures that can use KNR Constructions historical prices to predict the future KNR Constructions' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (3.50) |
KNR Constructions Backtested Returns
KNR Constructions has Sharpe Ratio of -0.028, which conveys that the firm had a -0.028% return per unit of volatility over the last 3 months. KNR Constructions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KNR Constructions' risk adjusted performance of (0.02), and Mean Deviation of 1.95 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0318, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KNR Constructions' returns are expected to increase less than the market. However, during the bear market, the loss of holding KNR Constructions is expected to be smaller as well. At this point, KNR Constructions has a negative expected return of -0.0698%. Please make sure to verify KNR Constructions' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if KNR Constructions performance from the past will be repeated at future time.
Auto-correlation | -0.17 |
Insignificant reverse predictability
KNR Constructions Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between KNR Constructions time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 KNR Constructions price movement. The serial correlation of -0.17 indicates that over 17.0% of current KNR Constructions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 430.07 |
KNR Constructions lagged returns against current returns
Autocorrelation, which is KNR Constructions 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 KNR Constructions' stock expected returns. We can calculate the autocorrelation of KNR Constructions returns to help us make a trade decision. For example, suppose you find that KNR Constructions 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 |
KNR Constructions 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 KNR Constructions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KNR Constructions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KNR Constructions stock over time.
Current vs Lagged Prices |
| Timeline |
KNR Constructions Lagged Returns
When evaluating KNR Constructions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KNR Constructions stock have on its future price. KNR Constructions 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, KNR Constructions autocorrelation shows the relationship between KNR Constructions stock current value and its past values and can show if there is a momentum factor associated with investing in KNR Constructions Limited.
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.Other Information on Investing in KNR Stock
KNR Constructions financial ratios help investors to determine whether KNR 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 KNR with respect to the benefits of owning KNR Constructions security.