KRAKATAU STEEL (Germany) Market Value
| 07K Stock | EUR 0.01 0.00 0.00% |
| Symbol | KRAKATAU |
KRAKATAU STEEL '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 KRAKATAU STEEL'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 KRAKATAU STEEL.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in KRAKATAU STEEL on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding KRAKATAU STEEL B or generate 0.0% return on investment in KRAKATAU STEEL over 390 days. KRAKATAU STEEL is related to or competes with QURATE RETAIL, Marie Brizard, MARKET VECTR, COSTCO WHOLESALE, Fast Retailing, and NetSol Technologies. More
KRAKATAU STEEL 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 KRAKATAU STEEL'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 KRAKATAU STEEL B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1255 | |||
| Maximum Drawdown | 37.5 |
KRAKATAU STEEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KRAKATAU STEEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KRAKATAU STEEL's standard deviation. In reality, there are many statistical measures that can use KRAKATAU STEEL historical prices to predict the future KRAKATAU STEEL's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.7382 | |||
| Total Risk Alpha | 0.0327 | |||
| Treynor Ratio | (1.67) |
KRAKATAU STEEL B Backtested Returns
KRAKATAU STEEL appears to be out of control, given 3 months investment horizon. KRAKATAU STEEL B retains Efficiency (Sharpe Ratio) of 0.15, which conveys that the firm had a 0.15% return per unit of return volatility over the last 3 months. By examining KRAKATAU STEEL's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise KRAKATAU STEEL's Mean Deviation of 1.37, market risk adjusted performance of (1.66), and Standard Deviation of 4.73 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KRAKATAU STEEL holds a performance score of 11. The company owns a Beta (Systematic Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KRAKATAU STEEL are expected to decrease at a much lower rate. During the bear market, KRAKATAU STEEL is likely to outperform the market. Please check KRAKATAU STEEL's information ratio, kurtosis, and the relationship between the standard deviation and maximum drawdown , to make a quick decision on whether KRAKATAU STEEL's current price history will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
KRAKATAU STEEL B has excellent reverse predictability. Overlapping area represents the amount of predictability between KRAKATAU STEEL time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 KRAKATAU STEEL B price movement. The serial correlation of -0.83 indicates that around 83.0% of current KRAKATAU STEEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KRAKATAU STEEL B lagged returns against current returns
Autocorrelation, which is KRAKATAU STEEL 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 KRAKATAU STEEL's stock expected returns. We can calculate the autocorrelation of KRAKATAU STEEL returns to help us make a trade decision. For example, suppose you find that KRAKATAU STEEL 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 |
KRAKATAU STEEL 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 KRAKATAU STEEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KRAKATAU STEEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KRAKATAU STEEL stock over time.
Current vs Lagged Prices |
| Timeline |
KRAKATAU STEEL Lagged Returns
When evaluating KRAKATAU STEEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KRAKATAU STEEL stock have on its future price. KRAKATAU STEEL 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, KRAKATAU STEEL autocorrelation shows the relationship between KRAKATAU STEEL stock current value and its past values and can show if there is a momentum factor associated with investing in KRAKATAU STEEL B .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for KRAKATAU Stock Analysis
When running KRAKATAU STEEL's price analysis, check to measure KRAKATAU STEEL's 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 KRAKATAU STEEL is operating at the current time. Most of KRAKATAU STEEL's value examination focuses on studying past and present price action to predict the probability of KRAKATAU STEEL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KRAKATAU STEEL's price. Additionally, you may evaluate how the addition of KRAKATAU STEEL to your portfolios can decrease your overall portfolio volatility.