KORIAN (KO2SG) (Germany) Market Value
| KO2 Stock | 1.85 0.01 0.54% |
| Symbol | KORIAN |
KORIAN (KO2SG) '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 KORIAN (KO2SG)'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 KORIAN (KO2SG).
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in KORIAN (KO2SG) on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding KORIAN or generate 0.0% return on investment in KORIAN (KO2SG) over 90 days. KORIAN (KO2SG) is related to or competes with EAT WELL, LIFEWAY FOODS, CapitaLand Investment, New Residential, PennyMac Mortgage, HK Electric, and United Natural. More
KORIAN (KO2SG) 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 KORIAN (KO2SG)'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 KORIAN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.54 | |||
| Value At Risk | (5.46) | |||
| Potential Upside | 5.2 |
KORIAN (KO2SG) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KORIAN (KO2SG)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KORIAN (KO2SG)'s standard deviation. In reality, there are many statistical measures that can use KORIAN (KO2SG) historical prices to predict the future KORIAN (KO2SG)'s volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | 0.0995 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KORIAN (KO2SG)'s price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KORIAN (KO2SG) Backtested Returns
Currently, KORIAN is very risky. KORIAN (KO2SG) has Sharpe Ratio of 0.0485, which conveys that the firm had a 0.0485% return per unit of volatility over the last 3 months. We have found thirty technical indicators for KORIAN (KO2SG), which you can use to evaluate the volatility of the firm. Please verify KORIAN (KO2SG)'s mean deviation of 2.74, and Risk Adjusted Performance of 0.0128 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. KORIAN (KO2SG) has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KORIAN (KO2SG) are expected to decrease at a much lower rate. During the bear market, KORIAN (KO2SG) is likely to outperform the market. KORIAN (KO2SG) currently secures a risk of 3.59%. Please verify KORIAN potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if KORIAN will be following its current price movements.
Auto-correlation | -0.02 |
Very weak reverse predictability
KORIAN has very weak reverse predictability. Overlapping area represents the amount of predictability between KORIAN (KO2SG) time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 KORIAN (KO2SG) price movement. The serial correlation of -0.02 indicates that only 2.0% of current KORIAN (KO2SG) price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
KORIAN (KO2SG) lagged returns against current returns
Autocorrelation, which is KORIAN (KO2SG) 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 KORIAN (KO2SG)'s stock expected returns. We can calculate the autocorrelation of KORIAN (KO2SG) returns to help us make a trade decision. For example, suppose you find that KORIAN (KO2SG) 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 |
KORIAN (KO2SG) 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 KORIAN (KO2SG) stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KORIAN (KO2SG) stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KORIAN (KO2SG) stock over time.
Current vs Lagged Prices |
| Timeline |
KORIAN (KO2SG) Lagged Returns
When evaluating KORIAN (KO2SG)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KORIAN (KO2SG) stock have on its future price. KORIAN (KO2SG) 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, KORIAN (KO2SG) autocorrelation shows the relationship between KORIAN (KO2SG) stock current value and its past values and can show if there is a momentum factor associated with investing in KORIAN.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for KORIAN Stock Analysis
When running KORIAN (KO2SG)'s price analysis, check to measure KORIAN (KO2SG)'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 KORIAN (KO2SG) is operating at the current time. Most of KORIAN (KO2SG)'s value examination focuses on studying past and present price action to predict the probability of KORIAN (KO2SG)'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KORIAN (KO2SG)'s price. Additionally, you may evaluate how the addition of KORIAN (KO2SG) to your portfolios can decrease your overall portfolio volatility.