Knorr Bremse Aktiengesellschaft Stock Market Value
| KNRRY Stock | USD 18.86 0.17 0.89% |
| Symbol | Knorr-Bremse |
Knorr-Bremse Aktiengesellscha '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 Knorr-Bremse Aktiengesellscha's pink sheet 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 Knorr-Bremse Aktiengesellscha.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Knorr-Bremse Aktiengesellscha on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Knorr Bremse Aktiengesellschaft or generate 0.0% return on investment in Knorr-Bremse Aktiengesellscha over 360 days. Knorr-Bremse Aktiengesellscha is related to or competes with Foresight Autonomous, Goodyear Tire, and Luminar Technologies. Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commerc... More
Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha's pink sheet 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 Knorr Bremse Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.13 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.07 |
Knorr-Bremse Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knorr-Bremse Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knorr-Bremse Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use Knorr-Bremse Aktiengesellscha historical prices to predict the future Knorr-Bremse Aktiengesellscha's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.40) |
Knorr-Bremse Aktiengesellscha Backtested Returns
Knorr-Bremse Aktiengesellscha has Sharpe Ratio of -0.0608, which conveys that the firm had a -0.0608% return per unit of risk over the last 3 months. Knorr-Bremse Aktiengesellscha exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Knorr-Bremse Aktiengesellscha's Mean Deviation of 1.11, standard deviation of 1.49, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Knorr-Bremse Aktiengesellscha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Knorr-Bremse Aktiengesellscha is expected to be smaller as well. At this point, Knorr-Bremse Aktiengesellscha has a negative expected return of -0.0912%. Please make sure to verify Knorr-Bremse Aktiengesellscha's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Knorr-Bremse Aktiengesellscha performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Knorr Bremse Aktiengesellschaft has average predictability. Overlapping area represents the amount of predictability between Knorr-Bremse Aktiengesellscha time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Knorr-Bremse Aktiengesellscha price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Knorr-Bremse Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Knorr-Bremse Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Knorr-Bremse Aktiengesellscha pink sheet'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 Knorr-Bremse Aktiengesellscha's pink sheet expected returns. We can calculate the autocorrelation of Knorr-Bremse Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that Knorr-Bremse Aktiengesellscha has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knorr-Bremse Aktiengesellscha pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knorr-Bremse Aktiengesellscha pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Knorr-Bremse Aktiengesellscha Lagged Returns
When evaluating Knorr-Bremse Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knorr-Bremse Aktiengesellscha pink sheet have on its future price. Knorr-Bremse Aktiengesellscha 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, Knorr-Bremse Aktiengesellscha autocorrelation shows the relationship between Knorr-Bremse Aktiengesellscha pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Knorr Bremse Aktiengesellschaft.
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 Knorr-Bremse Pink Sheet Analysis
When running Knorr-Bremse Aktiengesellscha's price analysis, check to measure Knorr-Bremse Aktiengesellscha'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 Knorr-Bremse Aktiengesellscha is operating at the current time. Most of Knorr-Bremse Aktiengesellscha's value examination focuses on studying past and present price action to predict the probability of Knorr-Bremse Aktiengesellscha's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knorr-Bremse Aktiengesellscha's price. Additionally, you may evaluate how the addition of Knorr-Bremse Aktiengesellscha to your portfolios can decrease your overall portfolio volatility.