KOBE STEEL's market value is the price at which a share of KOBE STEEL trades on a public exchange. It measures the collective expectations of KOBE STEEL LTD investors about its performance. KOBE STEEL is trading at 9.61 as of the 13th of January 2025, a 0.63 percent increase since the beginning of the trading day. The stock's lowest day price was 9.53. With this module, you can estimate the performance of a buy and hold strategy of KOBE STEEL LTD and determine expected loss or profit from investing in KOBE STEEL over a given investment horizon. Check out KOBE STEEL Correlation, KOBE STEEL Volatility and KOBE STEEL Alpha and Beta module to complement your research on KOBE STEEL.
Please note, there is a significant difference between KOBE STEEL's value and its price as these two are different measures arrived at by different means. Investors typically determine if KOBE STEEL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KOBE STEEL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
KOBE STEEL '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 KOBE STEEL'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 KOBE STEEL.
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12/14/2024
No Change 0.00
0.0
In 31 days
01/13/2025
0.00
If you would invest 0.00 in KOBE STEEL on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding KOBE STEEL LTD or generate 0.0% return on investment in KOBE STEEL over 30 days. KOBE STEEL is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
KOBE STEEL 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 KOBE STEEL'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 KOBE STEEL LTD 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 KOBE STEEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KOBE STEEL's standard deviation. In reality, there are many statistical measures that can use KOBE STEEL historical prices to predict the future KOBE STEEL's volatility.
KOBE STEEL LTD retains Efficiency (Sharpe Ratio) of -0.058, which conveys that the firm had a -0.058% return per unit of return volatility over the last 3 months. KOBE STEEL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KOBE STEEL's Standard Deviation of 1.46, market risk adjusted performance of 0.9044, and Mean Deviation of 1.13 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KOBE STEEL are expected to decrease at a much lower rate. During the bear market, KOBE STEEL is likely to outperform the market. At this point, KOBE STEEL LTD has a negative expected return of -0.0854%. Please make sure to verify KOBE STEEL's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if KOBE STEEL LTD performance from the past will be repeated in the future.
Auto-correlation
-0.51
Good reverse predictability
KOBE STEEL LTD has good reverse predictability. Overlapping area represents the amount of predictability between KOBE STEEL time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KOBE STEEL LTD price movement. The serial correlation of -0.51 indicates that about 51.0% of current KOBE STEEL price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
0.01
KOBE STEEL LTD lagged returns against current returns
Autocorrelation, which is KOBE STEEL 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 KOBE STEEL's stock expected returns. We can calculate the autocorrelation of KOBE STEEL returns to help us make a trade decision. For example, suppose you find that KOBE STEEL 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
KOBE STEEL 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 KOBE STEEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KOBE STEEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KOBE STEEL stock over time.
Current vs Lagged Prices
Timeline
KOBE STEEL Lagged Returns
When evaluating KOBE STEEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KOBE STEEL stock have on its future price. KOBE STEEL 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, KOBE STEEL autocorrelation shows the relationship between KOBE STEEL stock current value and its past values and can show if there is a momentum factor associated with investing in KOBE STEEL LTD.
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.
KOBE STEEL financial ratios help investors to determine whether KOBE 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 KOBE with respect to the benefits of owning KOBE STEEL security.