Kaixin Auto Holdings Stock Market Value
| KXIN Stock | USD 1.41 0.04 2.92% |
| Symbol | Kaixin |
Is Retail 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 Kaixin Auto. If investors know Kaixin 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 Kaixin Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Kaixin Auto Holdings is measured differently than its book value, which is the value of Kaixin that is recorded on the company's balance sheet. Investors also form their own opinion of Kaixin Auto's value that differs from its market value or its book value, called intrinsic value, which is Kaixin Auto'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 Kaixin Auto's market value can be influenced by many factors that don't directly affect Kaixin Auto'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 Kaixin Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kaixin Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kaixin Auto'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.
Kaixin Auto '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 Kaixin Auto'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 Kaixin Auto.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Kaixin Auto on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kaixin Auto Holdings or generate 0.0% return on investment in Kaixin Auto over 90 days. Kaixin Auto is related to or competes with Vroom, Cango, Cars, KAR Auction, Rush Enterprises, Rush Enterprises, and Kingsway Financial. Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the Peoples Republic of China More
Kaixin Auto 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 Kaixin Auto'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 Kaixin Auto Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 83.34 | |||
| Value At Risk | (9.23) | |||
| Potential Upside | 8.9 |
Kaixin Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaixin Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaixin Auto's standard deviation. In reality, there are many statistical measures that can use Kaixin Auto historical prices to predict the future Kaixin Auto's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.01) | |||
| Total Risk Alpha | (2.25) | |||
| Treynor Ratio | 1.41 |
Kaixin Auto Holdings Backtested Returns
Kaixin Auto Holdings has Sharpe Ratio of -0.0977, which conveys that the firm had a -0.0977 % return per unit of risk over the last 3 months. Kaixin Auto exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kaixin Auto's Mean Deviation of 6.0, risk adjusted performance of (0.07), and Standard Deviation of 10.93 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kaixin Auto are expected to decrease at a much lower rate. During the bear market, Kaixin Auto is likely to outperform the market. At this point, Kaixin Auto Holdings has a negative expected return of -1.07%. Please make sure to verify Kaixin Auto's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Kaixin Auto Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Kaixin Auto Holdings has average predictability. Overlapping area represents the amount of predictability between Kaixin Auto time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st 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 Kaixin Auto Holdings price movement. The serial correlation of 0.47 indicates that about 47.0% of current Kaixin Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kaixin Auto Holdings lagged returns against current returns
Autocorrelation, which is Kaixin Auto 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 Kaixin Auto's stock expected returns. We can calculate the autocorrelation of Kaixin Auto returns to help us make a trade decision. For example, suppose you find that Kaixin Auto 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 |
Kaixin Auto 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 Kaixin Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaixin Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaixin Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Kaixin Auto Lagged Returns
When evaluating Kaixin Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaixin Auto stock have on its future price. Kaixin Auto 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, Kaixin Auto autocorrelation shows the relationship between Kaixin Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Kaixin Auto Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Kaixin Auto
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 Kaixin Auto 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 Kaixin Auto will appreciate offsetting losses from the drop in the long position's value.Moving together with Kaixin Stock
Moving against Kaixin Stock
| 0.75 | KAR | KAR Auction Services | PairCorr |
| 0.73 | GPI | Group 1 Automotive | PairCorr |
| 0.65 | CANG | Cango Inc | PairCorr |
| 0.64 | KMX | CarMax Inc | PairCorr |
| 0.62 | ACVA | ACV Auctions | PairCorr |
The ability to find closely correlated positions to Kaixin Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaixin Auto 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 Kaixin Auto - 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 Kaixin Auto Holdings to buy it.
The correlation of Kaixin Auto 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 Kaixin Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kaixin Auto Holdings 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 Kaixin Auto 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.Check out Kaixin Auto Correlation, Kaixin Auto Volatility and Kaixin Auto Alpha and Beta module to complement your research on Kaixin Auto. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Kaixin Auto 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.