Kesko Oyj Adr Stock Market Value
| KKOYY Stock | USD 10.02 0.11 1.11% |
| Symbol | Kesko |
Kesko Oyj '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 Kesko Oyj's pink sheet 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 Kesko Oyj.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kesko Oyj on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Kesko Oyj ADR or generate 0.0% return on investment in Kesko Oyj over 180 days. Kesko Oyj is related to or competes with Carrefour, J Sainsbury, Sendas Distribuidora, Weis Markets, and Natural Grocers. Kesko Oyj engages in the grocery trading business in Finland More
Kesko Oyj 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 Kesko Oyj's pink sheet 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 Kesko Oyj ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.71 |
Kesko Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kesko Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kesko Oyj's standard deviation. In reality, there are many statistical measures that can use Kesko Oyj historical prices to predict the future Kesko Oyj's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.0149 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kesko Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kesko Oyj ADR Backtested Returns
At this stage we consider Kesko Pink Sheet to be not too volatile. Kesko Oyj ADR has Sharpe Ratio of 0.0059, which conveys that the firm had a 0.0059% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kesko Oyj, which you can use to evaluate the volatility of the firm. Please verify Kesko Oyj's Downside Deviation of 1.14, mean deviation of 0.9825, and Risk Adjusted Performance of 0.0126 to check out if the risk estimate we provide is consistent with the expected return of 0.0097%. The company secures a Beta (Market Risk) of -0.0741, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kesko Oyj are expected to decrease at a much lower rate. During the bear market, Kesko Oyj is likely to outperform the market. Kesko Oyj ADR right now secures a risk of 1.64%. Please verify Kesko Oyj ADR skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Kesko Oyj ADR will be following its current price movements.
Auto-correlation | 0.07 |
Virtually no predictability
Kesko Oyj ADR has virtually no predictability. Overlapping area represents the amount of predictability between Kesko Oyj time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Kesko Oyj ADR price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Kesko Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Kesko Oyj ADR lagged returns against current returns
Autocorrelation, which is Kesko Oyj pink sheet'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 Kesko Oyj's pink sheet expected returns. We can calculate the autocorrelation of Kesko Oyj returns to help us make a trade decision. For example, suppose you find that Kesko Oyj has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Kesko Oyj 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 Kesko Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kesko Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kesko Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kesko Oyj Lagged Returns
When evaluating Kesko Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kesko Oyj pink sheet have on its future price. Kesko Oyj 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, Kesko Oyj autocorrelation shows the relationship between Kesko Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kesko Oyj ADR.
Regressed Prices |
| Timeline |
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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 Kesko Pink Sheet Analysis
When running Kesko Oyj's price analysis, check to measure Kesko Oyj'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 Kesko Oyj is operating at the current time. Most of Kesko Oyj's value examination focuses on studying past and present price action to predict the probability of Kesko Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kesko Oyj's price. Additionally, you may evaluate how the addition of Kesko Oyj to your portfolios can decrease your overall portfolio volatility.