Kreate Group (Finland) Market Value
| KREATE Stock | EUR 7.70 0.10 1.28% |
| Symbol | Kreate |
Kreate Group '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 Kreate Group'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 Kreate Group.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kreate Group on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kreate Group Oyj or generate 0.0% return on investment in Kreate Group over 180 days. Kreate Group is related to or competes with Tokmanni Group, Orthex Oyj, Harvia Oyj, and TietoEVRY Corp. Kreate Group Oyj engages in the construction of infrastructure projects to private and public sector customers in Finlan... More
Kreate Group 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 Kreate Group'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 Kreate Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 1.89 |
Kreate Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kreate Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kreate Group's standard deviation. In reality, there are many statistical measures that can use Kreate Group historical prices to predict the future Kreate Group's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kreate Group'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.
Kreate Group Oyj Backtested Returns
At this point, Kreate Group is not too volatile. Kreate Group Oyj has Sharpe Ratio of 0.0111, which conveys that the firm had a 0.0111% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kreate Group, which you can use to evaluate the volatility of the firm. Please verify Kreate Group's Downside Deviation of 1.67, risk adjusted performance of 0.0106, and Mean Deviation of 0.9631 to check out if the risk estimate we provide is consistent with the expected return of 0.015%. The company secures a Beta (Market Risk) of 0.0572, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kreate Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kreate Group is expected to be smaller as well. Kreate Group Oyj right now secures a risk of 1.36%. Please verify Kreate Group Oyj value at risk, and the relationship between the jensen alpha and skewness , to decide if Kreate Group Oyj will be following its current price movements.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Kreate Group Oyj has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kreate Group time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Kreate Group Oyj price movement. The serial correlation of -0.16 indicates that over 16.0% of current Kreate Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Kreate Group Oyj lagged returns against current returns
Autocorrelation, which is Kreate Group 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 Kreate Group's stock expected returns. We can calculate the autocorrelation of Kreate Group returns to help us make a trade decision. For example, suppose you find that Kreate Group 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 |
Kreate Group 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 Kreate Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kreate Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kreate Group stock over time.
Current vs Lagged Prices |
| Timeline |
Kreate Group Lagged Returns
When evaluating Kreate Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kreate Group stock have on its future price. Kreate Group 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, Kreate Group autocorrelation shows the relationship between Kreate Group stock current value and its past values and can show if there is a momentum factor associated with investing in Kreate Group Oyj.
Regressed Prices |
| Timeline |
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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 Kreate Stock
Kreate Group financial ratios help investors to determine whether Kreate 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 Kreate with respect to the benefits of owning Kreate Group security.