Kansai Paint Co Stock Market Value
| KSANF Stock | USD 17.55 0.00 0.00% |
| Symbol | Kansai |
Kansai Paint '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 Kansai Paint's pink sheet 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 Kansai Paint.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Kansai Paint on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Kansai Paint Co or generate 0.0% return on investment in Kansai Paint over 510 days. Kansai Paint is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe. Kansai Paint Co., Ltd., together with its subsidiaries, manufactures and sells paints and coatings in Japan, India, Asia... More
Kansai Paint 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 Kansai Paint's pink sheet 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 Kansai Paint Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 9.71 |
Kansai Paint Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kansai Paint's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kansai Paint's standard deviation. In reality, there are many statistical measures that can use Kansai Paint historical prices to predict the future Kansai Paint's volatility.| Risk Adjusted Performance | 0.0969 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (17.55) |
Kansai Paint Backtested Returns
At this point, Kansai Paint is very steady. Kansai Paint has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Kansai Paint, which you can use to evaluate the volatility of the firm. Please verify Kansai Paint's Standard Deviation of 1.2, mean deviation of 0.3115, and Risk Adjusted Performance of 0.0969 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Kansai Paint has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0078, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kansai Paint are expected to decrease at a much lower rate. During the bear market, Kansai Paint is likely to outperform the market. Kansai Paint right now secures a risk of 1.23%. Please verify Kansai Paint Co information ratio and kurtosis , to decide if Kansai Paint Co will be following its current price movements.
Auto-correlation | 0.26 |
Poor predictability
Kansai Paint Co has poor predictability. Overlapping area represents the amount of predictability between Kansai Paint time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Kansai Paint price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Kansai Paint price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Kansai Paint lagged returns against current returns
Autocorrelation, which is Kansai Paint pink sheet'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 Kansai Paint's pink sheet expected returns. We can calculate the autocorrelation of Kansai Paint returns to help us make a trade decision. For example, suppose you find that Kansai Paint has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Kansai Paint 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 Kansai Paint pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kansai Paint pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kansai Paint pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kansai Paint Lagged Returns
When evaluating Kansai Paint's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kansai Paint pink sheet have on its future price. Kansai Paint 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, Kansai Paint autocorrelation shows the relationship between Kansai Paint pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kansai Paint Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kansai Pink Sheet
Kansai Paint financial ratios help investors to determine whether Kansai Pink Sheet 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 Kansai with respect to the benefits of owning Kansai Paint security.