Kuke Music Holding Stock Market Value
| KUKE Stock | USD 0.36 0.03 9.09% |
| Symbol | Kuke |
Kuke Music Holding Price To Book Ratio
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kuke Music. If investors know Kuke will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kuke Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.261 | Earnings Share (0.28) | Revenue Per Share 3.174 | Quarterly Revenue Growth 0.037 | Return On Assets (0.09) |
The market value of Kuke Music Holding is measured differently than its book value, which is the value of Kuke that is recorded on the company's balance sheet. Investors also form their own opinion of Kuke Music's value that differs from its market value or its book value, called intrinsic value, which is Kuke Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kuke Music's market value can be influenced by many factors that don't directly affect Kuke Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kuke Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kuke Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kuke Music'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.
Kuke Music '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 Kuke Music'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 Kuke Music.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Kuke Music on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kuke Music Holding or generate 0.0% return on investment in Kuke Music over 90 days. Kuke Music is related to or competes with Cinemark Holdings, News Corp, Marcus, Liberty Media, Warner Music, Madison Square, and Endeavor Group. Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education se... More
Kuke Music 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 Kuke Music'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 Kuke Music Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 69.01 | |||
| Value At Risk | (30.94) | |||
| Potential Upside | 20.0 |
Kuke Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kuke Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kuke Music's standard deviation. In reality, there are many statistical measures that can use Kuke Music historical prices to predict the future Kuke Music's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (1.34) | |||
| Total Risk Alpha | (2.56) | |||
| Treynor Ratio | (0.36) |
Kuke Music Holding Backtested Returns
Kuke Music Holding has Sharpe Ratio of -0.0721, which conveys that the firm had a -0.0721% return per unit of risk over the last 3 months. Kuke Music exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kuke Music's Mean Deviation of 8.95, risk adjusted performance of (0.05), and Standard Deviation of 13.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 3.0, 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, Kuke Music will likely underperform. At this point, Kuke Music Holding has a negative expected return of -0.96%. Please make sure to verify Kuke Music's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Kuke Music Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Kuke Music Holding has modest predictability. Overlapping area represents the amount of predictability between Kuke Music time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st 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 Kuke Music Holding price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Kuke Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Kuke Music Holding lagged returns against current returns
Autocorrelation, which is Kuke Music 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 Kuke Music's stock expected returns. We can calculate the autocorrelation of Kuke Music returns to help us make a trade decision. For example, suppose you find that Kuke Music 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 |
Kuke Music 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 Kuke Music stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kuke Music stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kuke Music stock over time.
Current vs Lagged Prices |
| Timeline |
Kuke Music Lagged Returns
When evaluating Kuke Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kuke Music stock have on its future price. Kuke Music 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, Kuke Music autocorrelation shows the relationship between Kuke Music stock current value and its past values and can show if there is a momentum factor associated with investing in Kuke Music Holding.
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.When determining whether Kuke Music Holding is a strong investment it is important to analyze Kuke Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kuke Music's future performance. For an informed investment choice regarding Kuke Stock, refer to the following important reports:Check out Kuke Music Correlation, Kuke Music Volatility and Kuke Music Alpha and Beta module to complement your research on Kuke Music. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Kuke Music technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.