Koncar Elektroindustrij (Croatia) Market Value
| KOEI Stock | 408.00 2.00 0.49% |
| Symbol | Koncar |
Koncar Elektroindustrij '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 Koncar Elektroindustrij'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 Koncar Elektroindustrij.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Koncar Elektroindustrij on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Koncar Elektroindustrija dd or generate 0.0% return on investment in Koncar Elektroindustrij over 30 days. Koncar Elektroindustrij is related to or competes with Dalekovod, Zagrebacka Banka, Podravka Prehrambena, and Atlantic Grupa. More
Koncar Elektroindustrij 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 Koncar Elektroindustrij'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 Koncar Elektroindustrija dd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0177 | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.97 |
Koncar Elektroindustrij Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koncar Elektroindustrij's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koncar Elektroindustrij's standard deviation. In reality, there are many statistical measures that can use Koncar Elektroindustrij historical prices to predict the future Koncar Elektroindustrij's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.134 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0168 | |||
| Treynor Ratio | 2.24 |
Koncar Elektroindustrij Backtested Returns
Currently, Koncar Elektroindustrija dd is very steady. Koncar Elektroindustrij has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Koncar Elektroindustrij, which you can use to evaluate the volatility of the firm. Please verify Koncar Elektroindustrij's Risk Adjusted Performance of 0.081, mean deviation of 0.9408, and Downside Deviation of 1.61 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Koncar Elektroindustrij has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0631, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Koncar Elektroindustrij's returns are expected to increase less than the market. However, during the bear market, the loss of holding Koncar Elektroindustrij is expected to be smaller as well. Koncar Elektroindustrij right now secures a risk of 1.55%. Please verify Koncar Elektroindustrija dd sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Koncar Elektroindustrija dd will be following its current price movements.
Auto-correlation | 0.08 |
Virtually no predictability
Koncar Elektroindustrija dd has virtually no predictability. Overlapping area represents the amount of predictability between Koncar Elektroindustrij time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Koncar Elektroindustrij price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Koncar Elektroindustrij price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 11.24 |
Koncar Elektroindustrij lagged returns against current returns
Autocorrelation, which is Koncar Elektroindustrij 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 Koncar Elektroindustrij's stock expected returns. We can calculate the autocorrelation of Koncar Elektroindustrij returns to help us make a trade decision. For example, suppose you find that Koncar Elektroindustrij 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 |
Koncar Elektroindustrij 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 Koncar Elektroindustrij stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koncar Elektroindustrij stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koncar Elektroindustrij stock over time.
Current vs Lagged Prices |
| Timeline |
Koncar Elektroindustrij Lagged Returns
When evaluating Koncar Elektroindustrij's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koncar Elektroindustrij stock have on its future price. Koncar Elektroindustrij 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, Koncar Elektroindustrij autocorrelation shows the relationship between Koncar Elektroindustrij stock current value and its past values and can show if there is a momentum factor associated with investing in Koncar Elektroindustrija dd.
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 Koncar Stock Analysis
When running Koncar Elektroindustrij's price analysis, check to measure Koncar Elektroindustrij'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 Koncar Elektroindustrij is operating at the current time. Most of Koncar Elektroindustrij's value examination focuses on studying past and present price action to predict the probability of Koncar Elektroindustrij's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Koncar Elektroindustrij's price. Additionally, you may evaluate how the addition of Koncar Elektroindustrij to your portfolios can decrease your overall portfolio volatility.