KNH Enterprise (Taiwan) Market Value
| 9919 Stock | TWD 17.60 0.35 1.95% |
| Symbol | KNH |
KNH Enterprise '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 KNH Enterprise'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 KNH Enterprise.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in KNH Enterprise on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding KNH Enterprise Co or generate 0.0% return on investment in KNH Enterprise over 30 days. KNH Enterprise is related to or competes with Universal, Taiwan Hon, Adimmune Corp, Merida Industry, and Shinih Enterprise. KNH Enterprise Co., Ltd. manufactures and sells household, environmental care, and nonwoven products in Taiwan, China, H... More
KNH Enterprise 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 KNH Enterprise'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 KNH Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 1.57 |
KNH Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KNH Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KNH Enterprise's standard deviation. In reality, there are many statistical measures that can use KNH Enterprise historical prices to predict the future KNH Enterprise's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (3.45) |
KNH Enterprise Backtested Returns
KNH Enterprise has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. KNH Enterprise exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KNH Enterprise's mean deviation of 0.8968, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0655, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KNH Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding KNH Enterprise is expected to be smaller as well. At this point, KNH Enterprise has a negative expected return of -0.22%. Please make sure to verify KNH Enterprise's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if KNH Enterprise performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
KNH Enterprise Co has good predictability. Overlapping area represents the amount of predictability between KNH Enterprise time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 KNH Enterprise price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current KNH Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
KNH Enterprise lagged returns against current returns
Autocorrelation, which is KNH Enterprise 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 KNH Enterprise's stock expected returns. We can calculate the autocorrelation of KNH Enterprise returns to help us make a trade decision. For example, suppose you find that KNH Enterprise 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 |
KNH Enterprise 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 KNH Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KNH Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KNH Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
KNH Enterprise Lagged Returns
When evaluating KNH Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KNH Enterprise stock have on its future price. KNH Enterprise 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, KNH Enterprise autocorrelation shows the relationship between KNH Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in KNH Enterprise Co.
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 KNH Stock Analysis
When running KNH Enterprise's price analysis, check to measure KNH Enterprise'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 KNH Enterprise is operating at the current time. Most of KNH Enterprise's value examination focuses on studying past and present price action to predict the probability of KNH Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KNH Enterprise's price. Additionally, you may evaluate how the addition of KNH Enterprise to your portfolios can decrease your overall portfolio volatility.