KL Technology's market value is the price at which a share of KL Technology trades on a public exchange. It measures the collective expectations of KL Technology investors about its performance. KL Technology is enlisted at 59.66 as of the 28th of November 2024; that is 0.13% up since the beginning of the trading day. The index's open price was 59.58. With this module, you can estimate the performance of a buy and hold strategy of KL Technology and determine expected loss or profit from investing in KL Technology over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
KLTE
KL Technology '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 KL Technology's index 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 KL Technology.
0.00
08/30/2024
No Change 0.00
0.0
In 2 months and 31 days
11/28/2024
0.00
If you would invest 0.00 in KL Technology on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding KL Technology or generate 0.0% return on investment in KL Technology over 90 days.
KL Technology 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 KL Technology's index 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 KL Technology 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 KL Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KL Technology's standard deviation. In reality, there are many statistical measures that can use KL Technology historical prices to predict the future KL Technology's volatility.
KL Technology retains Efficiency (Sharpe Ratio) of -0.061, which conveys that the entity had a -0.061% return per unit of price deviation over the last 3 months. KL Technology exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index owns a Beta (Systematic Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and KL Technology are completely uncorrelated.
Auto-correlation
-0.58
Good reverse predictability
KL Technology has good reverse predictability. Overlapping area represents the amount of predictability between KL Technology time series from 30th of August 2024 to 14th of October 2024 and 14th of October 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 KL Technology price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current KL Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.58
Spearman Rank Test
-0.22
Residual Average
0.0
Price Variance
1.06
KL Technology lagged returns against current returns
Autocorrelation, which is KL Technology index'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 KL Technology's index expected returns. We can calculate the autocorrelation of KL Technology returns to help us make a trade decision. For example, suppose you find that KL Technology has exhibited high autocorrelation historically, and you observe that the index 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
KL Technology 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 KL Technology index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KL Technology index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KL Technology index over time.
Current vs Lagged Prices
Timeline
KL Technology Lagged Returns
When evaluating KL Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KL Technology index have on its future price. KL Technology 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, KL Technology autocorrelation shows the relationship between KL Technology index current value and its past values and can show if there is a momentum factor associated with investing in KL Technology.
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.