Kino Polska (Poland) Market Value
| KPL Stock | 19.75 0.10 0.50% |
| Symbol | Kino |
Kino Polska '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 Kino Polska'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 Kino Polska.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kino Polska on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kino Polska TV or generate 0.0% return on investment in Kino Polska over 30 days.
Kino Polska 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 Kino Polska'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 Kino Polska TV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 9.47 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.88 |
Kino Polska Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kino Polska's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kino Polska's standard deviation. In reality, there are many statistical measures that can use Kino Polska historical prices to predict the future Kino Polska's volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.1377 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0412 | |||
| Treynor Ratio | 0.626 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kino Polska'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.
Kino Polska TV Backtested Returns
Currently, Kino Polska TV is very steady. Kino Polska TV has Sharpe Ratio of 0.0767, which conveys that the firm had a 0.0767% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kino Polska, which you can use to evaluate the volatility of the firm. Please verify Kino Polska's Risk Adjusted Performance of 0.0833, downside deviation of 1.22, and Mean Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Kino Polska has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kino Polska's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kino Polska is expected to be smaller as well. Kino Polska TV right now secures a risk of 1.81%. Please verify Kino Polska TV treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Kino Polska TV will be following its current price movements.
Auto-correlation | 0.98 |
Excellent predictability
Kino Polska TV has excellent predictability. Overlapping area represents the amount of predictability between Kino Polska time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Kino Polska TV price movement. The serial correlation of 0.98 indicates that 98.0% of current Kino Polska price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Kino Polska TV lagged returns against current returns
Autocorrelation, which is Kino Polska 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 Kino Polska's stock expected returns. We can calculate the autocorrelation of Kino Polska returns to help us make a trade decision. For example, suppose you find that Kino Polska 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 |
Kino Polska 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 Kino Polska stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kino Polska stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kino Polska stock over time.
Current vs Lagged Prices |
| Timeline |
Kino Polska Lagged Returns
When evaluating Kino Polska's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kino Polska stock have on its future price. Kino Polska 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, Kino Polska autocorrelation shows the relationship between Kino Polska stock current value and its past values and can show if there is a momentum factor associated with investing in Kino Polska TV.
Regressed Prices |
| Timeline |
Pair Trading with Kino Polska
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 Kino Polska 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 Kino Polska will appreciate offsetting losses from the drop in the long position's value.Moving against Kino Stock
The ability to find closely correlated positions to Kino Polska could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kino Polska 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 Kino Polska - 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 Kino Polska TV to buy it.
The correlation of Kino Polska 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 Kino Polska moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kino Polska TV 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 Kino Polska 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.Additional Tools for Kino Stock Analysis
When running Kino Polska's price analysis, check to measure Kino Polska'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 Kino Polska is operating at the current time. Most of Kino Polska's value examination focuses on studying past and present price action to predict the probability of Kino Polska's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kino Polska's price. Additionally, you may evaluate how the addition of Kino Polska to your portfolios can decrease your overall portfolio volatility.