Kwesst Micro Systems Stock Market Value
| KWE Stock | CAD 0.90 0.02 2.17% |
| Symbol | Kwesst |
Kwesst Micro Systems Price To Book Ratio
Kwesst Micro '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 Kwesst Micro'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 Kwesst Micro.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Kwesst Micro on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Kwesst Micro Systems or generate 0.0% return on investment in Kwesst Micro over 720 days. Kwesst Micro is related to or competes with Baylin Technologies, and Gatekeeper Systems. KWESST Micro Systems Inc. develops and markets intelligent tactical systems and proprietary technology for applications ... More
Kwesst Micro 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 Kwesst Micro'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 Kwesst Micro Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 143.2 | |||
| Value At Risk | (15.08) | |||
| Potential Upside | 10.71 |
Kwesst Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kwesst Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kwesst Micro's standard deviation. In reality, there are many statistical measures that can use Kwesst Micro historical prices to predict the future Kwesst Micro's volatility.| Risk Adjusted Performance | 0.0047 | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (2.17) | |||
| Treynor Ratio | (0.06) |
Kwesst Micro Systems Backtested Returns
Kwesst Micro Systems has Sharpe Ratio of -0.019, which conveys that the firm had a -0.019% return per unit of risk over the last 3 months. Kwesst Micro exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kwesst Micro's Risk Adjusted Performance of 0.0047, mean deviation of 7.97, and Standard Deviation of 16.46 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.14, 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, Kwesst Micro will likely underperform. At this point, Kwesst Micro Systems has a negative expected return of -0.31%. Please make sure to verify Kwesst Micro's information ratio and the relationship between the potential upside and period momentum indicator , to decide if Kwesst Micro Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Kwesst Micro Systems has good predictability. Overlapping area represents the amount of predictability between Kwesst Micro time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th of December 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 Kwesst Micro Systems price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Kwesst Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 39.48 |
Kwesst Micro Systems lagged returns against current returns
Autocorrelation, which is Kwesst Micro 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 Kwesst Micro's stock expected returns. We can calculate the autocorrelation of Kwesst Micro returns to help us make a trade decision. For example, suppose you find that Kwesst Micro 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 |
Kwesst Micro 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 Kwesst Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kwesst Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kwesst Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Kwesst Micro Lagged Returns
When evaluating Kwesst Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kwesst Micro stock have on its future price. Kwesst Micro 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, Kwesst Micro autocorrelation shows the relationship between Kwesst Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Kwesst Micro Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kwesst Stock Analysis
When running Kwesst Micro's price analysis, check to measure Kwesst Micro'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 Kwesst Micro is operating at the current time. Most of Kwesst Micro's value examination focuses on studying past and present price action to predict the probability of Kwesst Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kwesst Micro's price. Additionally, you may evaluate how the addition of Kwesst Micro to your portfolios can decrease your overall portfolio volatility.