Kone Oyj Adr Stock Market Value
| KNYJY Stock | USD 25.43 0.05 0.20% |
| Symbol | Kone |
Kone Oyj '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 Kone Oyj'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 Kone Oyj.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Kone Oyj on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Kone Oyj ADR or generate 0.0% return on investment in Kone Oyj over 30 days. Kone Oyj is related to or competes with Aumann AG, and Atlas Copco. KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide More
Kone Oyj 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 Kone Oyj'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 Kone Oyj ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.74 |
Kone Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kone Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kone Oyj's standard deviation. In reality, there are many statistical measures that can use Kone Oyj historical prices to predict the future Kone Oyj's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.67) |
Kone Oyj ADR Backtested Returns
Kone Oyj ADR has Sharpe Ratio of -0.0422, which conveys that the firm had a -0.0422% return per unit of risk over the last 3 months. Kone Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kone Oyj's Standard Deviation of 1.47, mean deviation of 1.09, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0655, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kone Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kone Oyj is expected to be smaller as well. At this point, Kone Oyj ADR has a negative expected return of -0.0607%. Please make sure to verify Kone Oyj's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Kone Oyj ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Kone Oyj ADR has modest predictability. Overlapping area represents the amount of predictability between Kone Oyj time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Kone Oyj ADR price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Kone Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Kone Oyj ADR lagged returns against current returns
Autocorrelation, which is Kone Oyj 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 Kone Oyj's pink sheet expected returns. We can calculate the autocorrelation of Kone Oyj returns to help us make a trade decision. For example, suppose you find that Kone Oyj 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 |
Kone Oyj 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 Kone Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kone Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kone Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kone Oyj Lagged Returns
When evaluating Kone Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kone Oyj pink sheet have on its future price. Kone Oyj 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, Kone Oyj autocorrelation shows the relationship between Kone Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kone Oyj ADR.
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 Kone Pink Sheet Analysis
When running Kone Oyj's price analysis, check to measure Kone Oyj'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 Kone Oyj is operating at the current time. Most of Kone Oyj's value examination focuses on studying past and present price action to predict the probability of Kone Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kone Oyj's price. Additionally, you may evaluate how the addition of Kone Oyj to your portfolios can decrease your overall portfolio volatility.