Kindom Construction (Taiwan) Market Value
| 2520 Stock | TWD 54.30 1.80 3.21% |
| Symbol | Kindom |
Kindom Construction '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 Kindom Construction'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 Kindom Construction.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Kindom Construction on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Kindom Construction Corp or generate 0.0% return on investment in Kindom Construction over 30 days. Kindom Construction is related to or competes with Chong Hong, Ruentex Development, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Advanced Ceramic. Kindom Development Co., Ltd. engages in the real estate development business More
Kindom Construction 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 Kindom Construction'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 Kindom Construction Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0073 | |||
| Maximum Drawdown | 12.01 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.01 |
Kindom Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kindom Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kindom Construction's standard deviation. In reality, there are many statistical measures that can use Kindom Construction historical prices to predict the future Kindom Construction's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.0869 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | 0.4963 |
Kindom Construction Corp Backtested Returns
At this stage we consider Kindom Stock to be very steady. Kindom Construction Corp has Sharpe Ratio of 0.0462, which conveys that the firm had a 0.0462% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kindom Construction, which you can use to evaluate the volatility of the firm. Please verify Kindom Construction's Downside Deviation of 2.68, risk adjusted performance of 0.0451, and Mean Deviation of 1.5 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Kindom Construction has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kindom Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kindom Construction is expected to be smaller as well. Kindom Construction Corp right now secures a risk of 2.23%. Please verify Kindom Construction Corp information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kindom Construction Corp will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
Kindom Construction Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Kindom Construction time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Kindom Construction Corp price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Kindom Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 4.34 |
Kindom Construction Corp lagged returns against current returns
Autocorrelation, which is Kindom Construction 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 Kindom Construction's stock expected returns. We can calculate the autocorrelation of Kindom Construction returns to help us make a trade decision. For example, suppose you find that Kindom Construction 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 |
Kindom Construction 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 Kindom Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kindom Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kindom Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Kindom Construction Lagged Returns
When evaluating Kindom Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kindom Construction stock have on its future price. Kindom Construction 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, Kindom Construction autocorrelation shows the relationship between Kindom Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Kindom Construction Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Kindom Stock Analysis
When running Kindom Construction's price analysis, check to measure Kindom Construction'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 Kindom Construction is operating at the current time. Most of Kindom Construction's value examination focuses on studying past and present price action to predict the probability of Kindom Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kindom Construction's price. Additionally, you may evaluate how the addition of Kindom Construction to your portfolios can decrease your overall portfolio volatility.