Kenon Holdings (Israel) Market Value
| KEN Stock | 10,850 70.00 0.64% |
| Symbol | Kenon |
Kenon Holdings '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 Kenon Holdings' 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 Kenon Holdings.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Kenon Holdings on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Kenon Holdings or generate 0.0% return on investment in Kenon Holdings over 30 days. Kenon Holdings is related to or competes with ICL Israel, Tower Semiconductor, Israel Corp, Nova, and Enlight Renewable. Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel More
Kenon Holdings 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 Kenon Holdings' 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 Kenon Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.099 | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.5 |
Kenon Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kenon Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kenon Holdings' standard deviation. In reality, there are many statistical measures that can use Kenon Holdings historical prices to predict the future Kenon Holdings' volatility.| Risk Adjusted Performance | 0.1179 | |||
| Jensen Alpha | 0.2566 | |||
| Total Risk Alpha | 0.0444 | |||
| Sortino Ratio | 0.1156 | |||
| Treynor Ratio | 1.87 |
Kenon Holdings Backtested Returns
Kenon Holdings appears to be very steady, given 3 months investment horizon. Kenon Holdings has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kenon Holdings, which you can use to evaluate the volatility of the firm. Please exercise Kenon Holdings' Mean Deviation of 1.29, risk adjusted performance of 0.1179, and Downside Deviation of 1.55 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kenon Holdings holds a performance score of 12. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kenon Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kenon Holdings is expected to be smaller as well. Please check Kenon Holdings' treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Kenon Holdings' current price movements will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Kenon Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Kenon Holdings time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Kenon Holdings price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Kenon Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 8217.28 |
Kenon Holdings lagged returns against current returns
Autocorrelation, which is Kenon Holdings 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 Kenon Holdings' stock expected returns. We can calculate the autocorrelation of Kenon Holdings returns to help us make a trade decision. For example, suppose you find that Kenon Holdings 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 |
Kenon Holdings 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 Kenon Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kenon Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kenon Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Kenon Holdings Lagged Returns
When evaluating Kenon Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kenon Holdings stock have on its future price. Kenon Holdings 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, Kenon Holdings autocorrelation shows the relationship between Kenon Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Kenon Holdings.
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 Information and Resources on Investing in Kenon Stock
When determining whether Kenon Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kenon Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kenon Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kenon Holdings Stock:Check out Kenon Holdings Correlation, Kenon Holdings Volatility and Kenon Holdings Alpha and Beta module to complement your research on Kenon Holdings. For information on how to trade Kenon Stock refer to our How to Trade Kenon Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Kenon Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.