KWESST MICRO's market value is the price at which a share of KWESST MICRO trades on a public exchange. It measures the collective expectations of KWESST MICRO SYSINC investors about its performance. KWESST MICRO is trading at 0.56 as of the 18th of December 2024. This is a 1.75% down since the beginning of the trading day. The stock's lowest day price was 0.56. With this module, you can estimate the performance of a buy and hold strategy of KWESST MICRO SYSINC and determine expected loss or profit from investing in KWESST MICRO over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
KWESST
KWESST MICRO '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 KWESST MICRO'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 KWESST MICRO.
0.00
11/18/2024
No Change 0.00
0.0
In 30 days
12/18/2024
0.00
If you would invest 0.00 in KWESST MICRO on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding KWESST MICRO SYSINC or generate 0.0% return on investment in KWESST MICRO over 30 days.
KWESST MICRO 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 KWESST MICRO'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 KWESST MICRO SYSINC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KWESST MICRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KWESST MICRO's standard deviation. In reality, there are many statistical measures that can use KWESST MICRO historical prices to predict the future KWESST MICRO's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KWESST MICRO. Your research has to be compared to or analyzed against KWESST MICRO's peers to derive any actionable benefits. When done correctly, KWESST MICRO's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KWESST MICRO SYSINC.
KWESST MICRO SYSINC Backtested Returns
KWESST MICRO is out of control given 3 months investment horizon. KWESST MICRO SYSINC 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. We are able to break down and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 11.73% are justified by taking the suggested risk. Use KWESST MICRO SYSINC risk adjusted performance of 0.0826, and Mean Deviation of 27.22 to evaluate company specific risk that cannot be diversified away. KWESST MICRO holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -6.51, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning KWESST MICRO are expected to decrease by larger amounts. On the other hand, during market turmoil, KWESST MICRO is expected to outperform it. Use KWESST MICRO SYSINC semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on KWESST MICRO SYSINC.
Auto-correlation
-0.72
Almost perfect reverse predictability
KWESST MICRO SYSINC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between KWESST MICRO time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 KWESST MICRO SYSINC price movement. The serial correlation of -0.72 indicates that around 72.0% of current KWESST MICRO price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.72
Spearman Rank Test
-0.59
Residual Average
0.0
Price Variance
0.0
KWESST MICRO SYSINC lagged returns against current returns
Autocorrelation, which is KWESST MICRO 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 KWESST MICRO's stock expected returns. We can calculate the autocorrelation of KWESST MICRO returns to help us make a trade decision. For example, suppose you find that KWESST MICRO 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
KWESST MICRO 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 KWESST MICRO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KWESST MICRO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KWESST MICRO stock over time.
Current vs Lagged Prices
Timeline
KWESST MICRO Lagged Returns
When evaluating KWESST MICRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KWESST MICRO stock have on its future price. KWESST MICRO 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, KWESST MICRO autocorrelation shows the relationship between KWESST MICRO stock current value and its past values and can show if there is a momentum factor associated with investing in KWESST MICRO SYSINC.