Kerry (Ireland) Market Value
| KRZ Stock | EUR 89.55 0.95 1.07% |
| Symbol | Kerry |
Kerry '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 Kerry'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 Kerry.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Kerry on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Kerry Group or generate 0.0% return on investment in Kerry over 720 days. Kerry is related to or competes with Glanbia PLC, Kingspan Group, and Bank of Ireland. More
Kerry 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 Kerry'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 Kerry Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.21 |
Kerry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kerry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kerry's standard deviation. In reality, there are many statistical measures that can use Kerry historical prices to predict the future Kerry's volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | 0.0241 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0247 |
Kerry Group Backtested Returns
Kerry Group has Sharpe Ratio of -0.0059, which conveys that the firm had a -0.0059% return per unit of risk over the last 3 months. Kerry exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kerry's Downside Deviation of 1.48, risk adjusted performance of 0.0065, and Mean Deviation of 1.04 to check out the risk estimate we provide. 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, returns on owning Kerry are expected to decrease at a much lower rate. During the bear market, Kerry is likely to outperform the market. At this point, Kerry Group has a negative expected return of -0.0086%. Please make sure to verify Kerry's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Kerry Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Kerry Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kerry time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Kerry Group price movement. The serial correlation of -0.71 indicates that around 71.0% of current Kerry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 38.02 |
Kerry Group lagged returns against current returns
Autocorrelation, which is Kerry 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 Kerry's stock expected returns. We can calculate the autocorrelation of Kerry returns to help us make a trade decision. For example, suppose you find that Kerry 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 |
Kerry 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 Kerry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kerry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kerry stock over time.
Current vs Lagged Prices |
| Timeline |
Kerry Lagged Returns
When evaluating Kerry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kerry stock have on its future price. Kerry 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, Kerry autocorrelation shows the relationship between Kerry stock current value and its past values and can show if there is a momentum factor associated with investing in Kerry Group.
Regressed Prices |
| Timeline |
Pair Trading with Kerry
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 Kerry 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 Kerry will appreciate offsetting losses from the drop in the long position's value.Moving together with Kerry Stock
The ability to find closely correlated positions to Kerry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kerry 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 Kerry - 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 Kerry Group to buy it.
The correlation of Kerry 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 Kerry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kerry Group 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 Kerry 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 Kerry Stock Analysis
When running Kerry's price analysis, check to measure Kerry'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 Kerry is operating at the current time. Most of Kerry's value examination focuses on studying past and present price action to predict the probability of Kerry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kerry's price. Additionally, you may evaluate how the addition of Kerry to your portfolios can decrease your overall portfolio volatility.