Kainos Group Plc Stock Market Value
| KNNNF Stock | USD 10.71 1.57 17.18% |
| Symbol | Kainos |
Kainos 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 Kainos Group'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 Kainos Group.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Kainos Group on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Kainos Group plc or generate 0.0% return on investment in Kainos Group over 180 days. Kainos Group is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Shopify, Uber Technologies, and Applovin Corp. Kainos Group plc provides digital technology services and platforms for public and private organizations in the United K... More
Kainos 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 Kainos Group'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 Kainos Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 29.87 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 1.16 |
Kainos Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kainos Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kainos Group's standard deviation. In reality, there are many statistical measures that can use Kainos Group historical prices to predict the future Kainos Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 2.25 |
Kainos Group plc Backtested Returns
Kainos Group plc has Sharpe Ratio of -0.0973, which conveys that the firm had a -0.0973% return per unit of risk over the last 3 months. Kainos Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kainos Group's Risk Adjusted Performance of (0.06), mean deviation of 1.81, and Standard Deviation of 4.86 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kainos Group are expected to decrease at a much lower rate. During the bear market, Kainos Group is likely to outperform the market. At this point, Kainos Group plc has a negative expected return of -0.48%. Please make sure to verify Kainos Group's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Kainos Group plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Kainos Group plc has good reverse predictability. Overlapping area represents the amount of predictability between Kainos Group time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Kainos Group plc price movement. The serial correlation of -0.53 indicates that about 53.0% of current Kainos Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 3.63 |
Kainos Group plc lagged returns against current returns
Autocorrelation, which is Kainos Group 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 Kainos Group's pink sheet expected returns. We can calculate the autocorrelation of Kainos Group returns to help us make a trade decision. For example, suppose you find that Kainos Group 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 |
Kainos 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 Kainos Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kainos Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kainos Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kainos Group Lagged Returns
When evaluating Kainos Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kainos Group pink sheet have on its future price. Kainos 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, Kainos Group autocorrelation shows the relationship between Kainos Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kainos Group plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kainos Pink Sheet
Kainos Group financial ratios help investors to determine whether Kainos 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 Kainos with respect to the benefits of owning Kainos Group security.