Kore Potash (South Africa) Market Value
| KP2 Stock | 63.00 2.00 3.08% |
| Symbol | Kore |
Kore Potash '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 Kore Potash'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 Kore Potash.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Kore Potash on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Kore Potash Plc or generate 0.0% return on investment in Kore Potash over 570 days. Kore Potash is related to or competes with E Media, Afine Investments, Deneb Investments, British Amer, Frontier Transport, EMedia Holdings, and Trematon Capital. More
Kore Potash 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 Kore Potash'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 Kore Potash Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.13 | |||
| Information Ratio | 0.0832 | |||
| Maximum Drawdown | 33.78 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 10.0 |
Kore Potash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kore Potash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kore Potash's standard deviation. In reality, there are many statistical measures that can use Kore Potash historical prices to predict the future Kore Potash's volatility.| Risk Adjusted Performance | 0.0908 | |||
| Jensen Alpha | 0.5009 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0715 | |||
| Treynor Ratio | 1.18 |
Kore Potash Plc Backtested Returns
Kore Potash appears to be very steady, given 3 months investment horizon. Kore Potash Plc has Sharpe Ratio of 0.0671, which conveys that the firm had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kore Potash, which you can use to evaluate the volatility of the firm. Please exercise Kore Potash's Risk Adjusted Performance of 0.0908, mean deviation of 3.56, and Downside Deviation of 6.13 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kore Potash holds a performance score of 5. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kore Potash's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kore Potash is expected to be smaller as well. Please check Kore Potash's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Kore Potash's current price movements will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Kore Potash Plc has good reverse predictability. Overlapping area represents the amount of predictability between Kore Potash time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Kore Potash Plc price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Kore Potash price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 492.03 |
Kore Potash Plc lagged returns against current returns
Autocorrelation, which is Kore Potash 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 Kore Potash's stock expected returns. We can calculate the autocorrelation of Kore Potash returns to help us make a trade decision. For example, suppose you find that Kore Potash 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 |
Kore Potash 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 Kore Potash stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kore Potash stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kore Potash stock over time.
Current vs Lagged Prices |
| Timeline |
Kore Potash Lagged Returns
When evaluating Kore Potash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kore Potash stock have on its future price. Kore Potash 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, Kore Potash autocorrelation shows the relationship between Kore Potash stock current value and its past values and can show if there is a momentum factor associated with investing in Kore Potash Plc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Kore Stock
Kore Potash financial ratios help investors to determine whether Kore 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 Kore with respect to the benefits of owning Kore Potash security.