Kingsrose Mining (Australia) Market Value
| KRM Stock | 0.03 0 2.94% |
| Symbol | Kingsrose |
Kingsrose Mining '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 Kingsrose Mining'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 Kingsrose Mining.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Kingsrose Mining on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kingsrose Mining or generate 0.0% return on investment in Kingsrose Mining over 270 days. Kingsrose Mining is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Kingsrose Mining is entity of Australia. It is traded as Stock on AU exchange. More
Kingsrose Mining 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 Kingsrose Mining'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 Kingsrose Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.68 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.11 |
Kingsrose Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingsrose Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingsrose Mining's standard deviation. In reality, there are many statistical measures that can use Kingsrose Mining historical prices to predict the future Kingsrose Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.07) |
Kingsrose Mining Backtested Returns
Kingsrose Mining has Sharpe Ratio of -0.0273, which conveys that the firm had a -0.0273% return per unit of risk over the last 3 months. Kingsrose Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kingsrose Mining's Mean Deviation of 3.11, standard deviation of 4.39, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.31, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kingsrose Mining will likely underperform. At this point, Kingsrose Mining has a negative expected return of -0.12%. Please make sure to verify Kingsrose Mining's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Kingsrose Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Kingsrose Mining has poor reverse predictability. Overlapping area represents the amount of predictability between Kingsrose Mining time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Kingsrose Mining price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Kingsrose Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kingsrose Mining lagged returns against current returns
Autocorrelation, which is Kingsrose Mining 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 Kingsrose Mining's stock expected returns. We can calculate the autocorrelation of Kingsrose Mining returns to help us make a trade decision. For example, suppose you find that Kingsrose Mining 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 |
Kingsrose Mining 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 Kingsrose Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingsrose Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingsrose Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Kingsrose Mining Lagged Returns
When evaluating Kingsrose Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingsrose Mining stock have on its future price. Kingsrose Mining 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, Kingsrose Mining autocorrelation shows the relationship between Kingsrose Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Kingsrose Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Kingsrose Stock Analysis
When running Kingsrose Mining's price analysis, check to measure Kingsrose Mining'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 Kingsrose Mining is operating at the current time. Most of Kingsrose Mining's value examination focuses on studying past and present price action to predict the probability of Kingsrose Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsrose Mining's price. Additionally, you may evaluate how the addition of Kingsrose Mining to your portfolios can decrease your overall portfolio volatility.