KCE EL (Germany) Market Value
| NVPA Stock | EUR 0.67 0.02 3.08% |
| Symbol | KCE |
KCE EL '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 KCE EL'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 KCE EL.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in KCE EL on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding KCE EL PCL or generate 0.0% return on investment in KCE EL over 720 days. KCE EL is related to or competes with GREENX METALS, SIDETRADE, Perseus Mining, National Retail, KENNAMETAL INC, and Globe Trade. KCE Electronics Public Company Limited, together with its subsidiaries, manufactures and distributes electric printed ci... More
KCE EL 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 KCE EL'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 KCE EL PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 13.38 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 2.97 |
KCE EL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KCE EL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KCE EL's standard deviation. In reality, there are many statistical measures that can use KCE EL historical prices to predict the future KCE EL's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 2.62 |
KCE EL PCL Backtested Returns
KCE EL PCL has Sharpe Ratio of -0.21, which conveys that the company had a -0.21% return per unit of risk over the last 3 months. KCE EL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KCE EL's Coefficient Of Variation of (463.13), standard deviation of 2.52, and Mean Deviation of 1.9 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KCE EL are expected to decrease at a much lower rate. During the bear market, KCE EL is likely to outperform the market. At this point, KCE EL PCL has a negative expected return of -0.54%. Please make sure to verify KCE EL's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if KCE EL PCL performance from the past will be repeated in the future.
Auto-correlation | -0.51 |
Good reverse predictability
KCE EL PCL has good reverse predictability. Overlapping area represents the amount of predictability between KCE EL time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 KCE EL PCL price movement. The serial correlation of -0.51 indicates that about 51.0% of current KCE EL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
KCE EL PCL lagged returns against current returns
Autocorrelation, which is KCE EL 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 KCE EL's stock expected returns. We can calculate the autocorrelation of KCE EL returns to help us make a trade decision. For example, suppose you find that KCE EL 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 |
KCE EL 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 KCE EL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KCE EL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KCE EL stock over time.
Current vs Lagged Prices |
| Timeline |
KCE EL Lagged Returns
When evaluating KCE EL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KCE EL stock have on its future price. KCE EL 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, KCE EL autocorrelation shows the relationship between KCE EL stock current value and its past values and can show if there is a momentum factor associated with investing in KCE EL PCL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KCE Stock
KCE EL financial ratios help investors to determine whether KCE 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 KCE with respect to the benefits of owning KCE EL security.