Kordellos (Greece) Market Value
| KORDE Stock | EUR 0.42 0.01 2.44% |
| Symbol | Kordellos |
Kordellos '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 Kordellos' 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 Kordellos.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kordellos on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kordellos Ch Bros or generate 0.0% return on investment in Kordellos over 30 days. Kordellos is related to or competes with Elvalhalcor Hellenic, Karelia Tobacco, Hellenic Telecommunicatio, Sidma SA, CPI Computer, Marfin Investment, and Optronics Technologies. Bros S.A. processes, trades in, and distributes iron and steel products in Greece More
Kordellos 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 Kordellos' 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 Kordellos Ch Bros upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.04 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.44 |
Kordellos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kordellos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kordellos' standard deviation. In reality, there are many statistical measures that can use Kordellos historical prices to predict the future Kordellos' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kordellos' 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.
Kordellos Ch Bros Backtested Returns
Kordellos Ch Bros has Sharpe Ratio of -0.0471, which conveys that the firm had a -0.0471% return per unit of risk over the last 3 months. Kordellos exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kordellos' Standard Deviation of 1.88, risk adjusted performance of (0.04), and Mean Deviation of 1.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kordellos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kordellos is expected to be smaller as well. At this point, Kordellos Ch Bros has a negative expected return of -0.0885%. Please make sure to verify Kordellos' potential upside and the relationship between the accumulation distribution and price action indicator , to decide if Kordellos Ch Bros performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Kordellos Ch Bros has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kordellos time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Kordellos Ch Bros price movement. The serial correlation of -0.2 indicates that over 20.0% of current Kordellos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kordellos Ch Bros lagged returns against current returns
Autocorrelation, which is Kordellos 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 Kordellos' stock expected returns. We can calculate the autocorrelation of Kordellos returns to help us make a trade decision. For example, suppose you find that Kordellos 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 |
Kordellos 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 Kordellos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kordellos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kordellos stock over time.
Current vs Lagged Prices |
| Timeline |
Kordellos Lagged Returns
When evaluating Kordellos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kordellos stock have on its future price. Kordellos 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, Kordellos autocorrelation shows the relationship between Kordellos stock current value and its past values and can show if there is a momentum factor associated with investing in Kordellos Ch Bros.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Kordellos Stock
Kordellos financial ratios help investors to determine whether Kordellos 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 Kordellos with respect to the benefits of owning Kordellos security.