Karoon Energy (Germany) Market Value
| LBL Stock | EUR 0.81 0.01 1.25% |
| Symbol | Karoon |
Karoon Energy '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 Karoon Energy'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 Karoon Energy.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Karoon Energy on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Karoon Energy or generate 0.0% return on investment in Karoon Energy over 30 days. Karoon Energy is related to or competes with Ebro Foods, Nomad Foods, Caseys General, Ross Stores, CAL MAINE, and Burlington Stores. Karoon Energy Ltd operates as an oil and gas exploration company in Australia, Brazil, and Peru More
Karoon Energy 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 Karoon Energy'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 Karoon Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.71 |
Karoon Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karoon Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karoon Energy's standard deviation. In reality, there are many statistical measures that can use Karoon Energy historical prices to predict the future Karoon Energy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.43) |
Karoon Energy Backtested Returns
Karoon Energy has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Karoon Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Karoon Energy's Mean Deviation of 2.28, standard deviation of 3.06, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Karoon Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Karoon Energy is expected to be smaller as well. At this point, Karoon Energy has a negative expected return of -0.31%. Please make sure to verify Karoon Energy's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Karoon Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Karoon Energy has insignificant predictability. Overlapping area represents the amount of predictability between Karoon Energy time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Karoon Energy price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Karoon Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Karoon Energy lagged returns against current returns
Autocorrelation, which is Karoon Energy 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 Karoon Energy's stock expected returns. We can calculate the autocorrelation of Karoon Energy returns to help us make a trade decision. For example, suppose you find that Karoon Energy 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 |
Karoon Energy 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 Karoon Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karoon Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karoon Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Karoon Energy Lagged Returns
When evaluating Karoon Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karoon Energy stock have on its future price. Karoon Energy 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, Karoon Energy autocorrelation shows the relationship between Karoon Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Karoon Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Karoon Stock
Karoon Energy financial ratios help investors to determine whether Karoon 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 Karoon with respect to the benefits of owning Karoon Energy security.