Kier Group (UK) Market Value
| KIE Stock | 145.00 1.40 0.96% |
| Symbol | Kier |
Kier Group '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 Kier Group'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 Kier Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kier Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kier Group PLC or generate 0.0% return on investment in Kier Group over 30 days. Kier Group is related to or competes with PureTech Health, Infrastrutture Wireless, MTI Wireless, International Consolidated, United Airlines, Induction Healthcare, and Ecclesiastical Insurance. More
Kier Group 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 Kier Group'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 Kier Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.93 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 2.55 |
Kier Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kier Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kier Group's standard deviation. In reality, there are many statistical measures that can use Kier Group historical prices to predict the future Kier Group's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (2.76) |
Kier Group PLC Backtested Returns
Kier Group PLC has Sharpe Ratio of -0.0069, which conveys that the firm had a -0.0069% return per unit of risk over the last 3 months. Kier Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kier Group's Risk Adjusted Performance of 0.001, mean deviation of 1.46, and Standard Deviation of 2.1 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0089, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kier Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kier Group is expected to be smaller as well. At this point, Kier Group PLC has a negative expected return of -0.0146%. Please make sure to verify Kier Group's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Kier Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Kier Group PLC has virtually no predictability. Overlapping area represents the amount of predictability between Kier Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Kier Group PLC price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Kier Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 13.73 |
Kier Group PLC lagged returns against current returns
Autocorrelation, which is Kier Group 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 Kier Group's stock expected returns. We can calculate the autocorrelation of Kier Group returns to help us make a trade decision. For example, suppose you find that Kier Group 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 |
Kier Group 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 Kier Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kier Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kier Group stock over time.
Current vs Lagged Prices |
| Timeline |
Kier Group Lagged Returns
When evaluating Kier Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kier Group stock have on its future price. Kier Group 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, Kier Group autocorrelation shows the relationship between Kier Group stock current value and its past values and can show if there is a momentum factor associated with investing in Kier Group PLC.
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.Other Information on Investing in Kier Stock
Kier Group financial ratios help investors to determine whether Kier Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kier with respect to the benefits of owning Kier Group security.