Al Khair's market value is the price at which a share of Al Khair trades on a public exchange. It measures the collective expectations of Al Khair River investors about its performance. Al Khair is trading at 0.54 as of the 1st of December 2024. This is a 3.57% down since the beginning of the trading day. The stock's lowest day price was 0.54. With this module, you can estimate the performance of a buy and hold strategy of Al Khair River and determine expected loss or profit from investing in Al Khair over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
KRDI
Al Khair '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 Al Khair'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 Al Khair.
0.00
09/02/2024
No Change 0.00
0.0
In 3 months and 1 day
12/01/2024
0.00
If you would invest 0.00 in Al Khair on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Al Khair River or generate 0.0% return on investment in Al Khair over 90 days.
Al Khair 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 Al Khair'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 Al Khair River upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Khair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Khair's standard deviation. In reality, there are many statistical measures that can use Al Khair historical prices to predict the future Al Khair's volatility.
At this point, Al Khair is extremely dangerous. Al Khair River retains Efficiency (Sharpe Ratio) of 0.0115, which signifies that the company had a 0.0115% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for Al Khair, which you can use to evaluate the volatility of the firm. Please confirm Al Khair's Information Ratio of (0.11), variance of 5.0, and Market Risk Adjusted Performance of (2.15) to double-check if the risk estimate we provide is consistent with the expected return of 0.0271%. The firm owns a Beta (Systematic Risk) of 0.0555, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Al Khair's returns are expected to increase less than the market. However, during the bear market, the loss of holding Al Khair is expected to be smaller as well. Al Khair River at this moment owns a risk of 2.37%. Please confirm Al Khair River standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Al Khair River will be following its current price history.
Auto-correlation
0.23
Weak predictability
Al Khair River has weak predictability. Overlapping area represents the amount of predictability between Al Khair 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 Al Khair River price movement. The serial correlation of 0.23 indicates that over 23.0% of current Al Khair price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
0.0
Al Khair River lagged returns against current returns
Autocorrelation, which is Al Khair 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 Al Khair's stock expected returns. We can calculate the autocorrelation of Al Khair returns to help us make a trade decision. For example, suppose you find that Al Khair 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
Al Khair 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 Al Khair stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Khair stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Khair stock over time.
Current vs Lagged Prices
Timeline
Al Khair Lagged Returns
When evaluating Al Khair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Khair stock have on its future price. Al Khair 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, Al Khair autocorrelation shows the relationship between Al Khair stock current value and its past values and can show if there is a momentum factor associated with investing in Al Khair River.
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.