Kraken Robotics Stock Market Value
| PNG Stock | CAD 2.07 0.04 1.97% |
| Symbol | Kraken |
Kraken Robotics '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 Kraken Robotics' 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 Kraken Robotics.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Kraken Robotics on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kraken Robotics or generate 0.0% return on investment in Kraken Robotics over 90 days. Kraken Robotics Inc., a marine technology company, designs, manufactures, and sells software-centric sensors, batteries,... More
Kraken Robotics 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 Kraken Robotics' 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 Kraken Robotics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.1043 | |||
| Maximum Drawdown | 26.84 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 8.33 |
Kraken Robotics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kraken Robotics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kraken Robotics' standard deviation. In reality, there are many statistical measures that can use Kraken Robotics historical prices to predict the future Kraken Robotics' volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.4824 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1163 | |||
| Treynor Ratio | 0.7651 |
Kraken Robotics Backtested Returns
Kraken Robotics appears to be very risky, given 3 months investment horizon. Kraken Robotics has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Kraken Robotics' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise Kraken Robotics' Risk Adjusted Performance of 0.111, downside deviation of 3.89, and Mean Deviation of 3.09 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kraken Robotics holds a performance score of 10. The company secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kraken Robotics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kraken Robotics is expected to be smaller as well. Please check Kraken Robotics' potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Kraken Robotics' current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
Kraken Robotics has very good predictability. Overlapping area represents the amount of predictability between Kraken Robotics time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Kraken Robotics price movement. The serial correlation of 0.85 indicates that around 85.0% of current Kraken Robotics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Kraken Robotics lagged returns against current returns
Autocorrelation, which is Kraken Robotics 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 Kraken Robotics' stock expected returns. We can calculate the autocorrelation of Kraken Robotics returns to help us make a trade decision. For example, suppose you find that Kraken Robotics 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 |
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Kraken Robotics 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 Kraken Robotics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kraken Robotics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kraken Robotics stock over time.
Current vs Lagged Prices |
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Kraken Robotics Lagged Returns
When evaluating Kraken Robotics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kraken Robotics stock have on its future price. Kraken Robotics 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, Kraken Robotics autocorrelation shows the relationship between Kraken Robotics stock current value and its past values and can show if there is a momentum factor associated with investing in Kraken Robotics.
Regressed Prices |
| Timeline |
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Additional Tools for Kraken Stock Analysis
When running Kraken Robotics' price analysis, check to measure Kraken Robotics' 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 Kraken Robotics is operating at the current time. Most of Kraken Robotics' value examination focuses on studying past and present price action to predict the probability of Kraken Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kraken Robotics' price. Additionally, you may evaluate how the addition of Kraken Robotics to your portfolios can decrease your overall portfolio volatility.