Keyence Stock Market Value
| KYCCF Stock | USD 426.35 2.66 0.62% |
| Symbol | Keyence |
Keyence '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 Keyence'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 Keyence.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Keyence on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Keyence or generate 0.0% return on investment in Keyence over 30 days. Keyence is related to or competes with Fortive Corp, MKS Instruments, Novanta, Sensata Technologies, Coherent, Electro Sensors, and Sono Tek. Keyence Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of factory automa... More
Keyence 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 Keyence'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 Keyence upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.37 |
Keyence Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keyence's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keyence's standard deviation. In reality, there are many statistical measures that can use Keyence historical prices to predict the future Keyence's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Keyence's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Keyence Backtested Returns
Keyence has Sharpe Ratio of -0.0676, which conveys that the firm had a -0.0676% return per unit of risk over the last 3 months. Keyence exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Keyence's Risk Adjusted Performance of (0.04), mean deviation of 1.81, and Standard Deviation of 2.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Keyence's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keyence is expected to be smaller as well. At this point, Keyence has a negative expected return of -0.16%. Please make sure to verify Keyence's accumulation distribution, as well as the relationship between the day median price and price action indicator , to decide if Keyence performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Keyence has very good reverse predictability. Overlapping area represents the amount of predictability between Keyence time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Keyence price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Keyence price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 103.14 |
Keyence lagged returns against current returns
Autocorrelation, which is Keyence 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 Keyence's pink sheet expected returns. We can calculate the autocorrelation of Keyence returns to help us make a trade decision. For example, suppose you find that Keyence 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 |
Keyence 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 Keyence pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keyence pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keyence pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Keyence Lagged Returns
When evaluating Keyence's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keyence pink sheet have on its future price. Keyence 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, Keyence autocorrelation shows the relationship between Keyence pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Keyence.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Keyence Pink Sheet
Keyence financial ratios help investors to determine whether Keyence 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 Keyence with respect to the benefits of owning Keyence security.