Konecranes Plc Stock Market Value
| KNCRF Stock | USD 65.50 5.68 7.98% |
| Symbol | Konecranes |
Konecranes Plc '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 Konecranes Plc'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 Konecranes Plc.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Konecranes Plc on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Konecranes Plc or generate 0.0% return on investment in Konecranes Plc over 30 days. Konecranes Plc is related to or competes with AmeraMex International, Arts Way, Astec Industries, Alamo, Buhler Industries, Ag Growth, and Textainer Group. Konecranes Plc manufactures, sells, and services cranes, lifting equipment, and machine tools worldwide More
Konecranes Plc 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 Konecranes Plc'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 Konecranes Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.83 |
Konecranes Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Konecranes Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Konecranes Plc's standard deviation. In reality, there are many statistical measures that can use Konecranes Plc historical prices to predict the future Konecranes Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.17) |
Konecranes Plc Backtested Returns
Konecranes Plc has Sharpe Ratio of -0.0131, which conveys that the firm had a -0.0131% return per unit of risk over the last 3 months. Konecranes Plc exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Konecranes Plc's Risk Adjusted Performance of (0.01), standard deviation of 1.39, and Mean Deviation of 0.2725 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Konecranes Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Konecranes Plc is expected to be smaller as well. At this point, Konecranes Plc has a negative expected return of -0.0187%. Please make sure to verify Konecranes Plc's information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Konecranes Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Konecranes Plc has modest reverse predictability. Overlapping area represents the amount of predictability between Konecranes Plc 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 Konecranes Plc price movement. The serial correlation of -0.46 indicates that about 46.0% of current Konecranes Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 |
Konecranes Plc lagged returns against current returns
Autocorrelation, which is Konecranes Plc 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 Konecranes Plc's pink sheet expected returns. We can calculate the autocorrelation of Konecranes Plc returns to help us make a trade decision. For example, suppose you find that Konecranes Plc 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 |
Konecranes Plc 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 Konecranes Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Konecranes Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Konecranes Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Konecranes Plc Lagged Returns
When evaluating Konecranes Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Konecranes Plc pink sheet have on its future price. Konecranes Plc 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, Konecranes Plc autocorrelation shows the relationship between Konecranes Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Konecranes Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Konecranes Pink Sheet
Konecranes Plc financial ratios help investors to determine whether Konecranes Pink Sheet 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 Konecranes with respect to the benefits of owning Konecranes Plc security.