K92 Mining Stock Market Value
| KNT Stock | CAD 9.05 0.29 3.10% |
| Symbol | K92 |
K92 Mining Price To Book Ratio
K92 Mining '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 K92 Mining'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 K92 Mining.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in K92 Mining on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding K92 Mining or generate 0.0% return on investment in K92 Mining over 180 days. K92 Mining is related to or competes with Calibre Mining, Wesdome Gold, Equinox Gold, Orla Mining, and SSR Mining. K92 Mining Inc. engages in the mining, exploration, and development of mineral deposits in Papua New Guinea More
K92 Mining 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 K92 Mining'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 K92 Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.0708 | |||
| Maximum Drawdown | 22.64 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 4.68 |
K92 Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K92 Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K92 Mining's standard deviation. In reality, there are many statistical measures that can use K92 Mining historical prices to predict the future K92 Mining's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.3986 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0852 | |||
| Treynor Ratio | (0.86) |
K92 Mining Backtested Returns
K92 Mining appears to be slightly risky, given 3 months investment horizon. K92 Mining retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the company had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for K92 Mining, which you can use to evaluate the volatility of the entity. Please exercise K92 Mining's Standard Deviation of 3.28, mean deviation of 2.21, and Market Risk Adjusted Performance of (0.85) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K92 Mining holds a performance score of 10. The firm owns a Beta (Systematic Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning K92 Mining are expected to decrease at a much lower rate. During the bear market, K92 Mining is likely to outperform the market. Please check K92 Mining's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether K92 Mining's current price history will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
K92 Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between K92 Mining 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 K92 Mining price movement. The serial correlation of -0.09 indicates that less than 9.0% of current K92 Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
K92 Mining lagged returns against current returns
Autocorrelation, which is K92 Mining 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 K92 Mining's stock expected returns. We can calculate the autocorrelation of K92 Mining returns to help us make a trade decision. For example, suppose you find that K92 Mining 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 |
K92 Mining 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 K92 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K92 Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K92 Mining stock over time.
Current vs Lagged Prices |
| Timeline |
K92 Mining Lagged Returns
When evaluating K92 Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K92 Mining stock have on its future price. K92 Mining 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, K92 Mining autocorrelation shows the relationship between K92 Mining stock current value and its past values and can show if there is a momentum factor associated with investing in K92 Mining.
Regressed Prices |
| Timeline |
Pair Trading with K92 Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if K92 Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in K92 Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with K92 Stock
| 0.88 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.84 | FDY | Faraday Copper Corp | PairCorr |
Moving against K92 Stock
The ability to find closely correlated positions to K92 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K92 Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back K92 Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling K92 Mining to buy it.
The correlation of K92 Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as K92 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K92 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for K92 Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in K92 Stock
K92 Mining financial ratios help investors to determine whether K92 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 K92 with respect to the benefits of owning K92 Mining security.