Kneat Inc Stock Market Value
| KSI Stock | 5.75 0.16 2.86% |
| Symbol | Kneat |
Kneat Inc Price To Book Ratio
Kneat '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 Kneat'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 Kneat.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Kneat on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kneat Inc or generate 0.0% return on investment in Kneat over 30 days. Kneat is related to or competes with Westaim Corp, Pulse Seismic, Quarterhill, and TECSYS. Kneat is entity of Canada. It is traded as Stock on TO exchange. More
Kneat 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 Kneat'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 Kneat Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.0658 | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.5 |
Kneat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kneat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kneat's standard deviation. In reality, there are many statistical measures that can use Kneat historical prices to predict the future Kneat's volatility.| Risk Adjusted Performance | 0.1064 | |||
| Jensen Alpha | 0.2272 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | 0.859 |
Kneat Inc Backtested Returns
Kneat appears to be somewhat reliable, given 3 months investment horizon. Kneat Inc has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kneat, which you can use to evaluate the volatility of the firm. Please exercise Kneat's Downside Deviation of 1.99, mean deviation of 1.47, and Risk Adjusted Performance of 0.1064 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kneat holds a performance score of 11. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kneat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kneat is expected to be smaller as well. Please check Kneat's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Kneat's current price movements will revert.
Auto-correlation | 0.65 |
Good predictability
Kneat Inc has good predictability. Overlapping area represents the amount of predictability between Kneat time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Kneat Inc price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Kneat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Kneat Inc lagged returns against current returns
Autocorrelation, which is Kneat 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 Kneat's stock expected returns. We can calculate the autocorrelation of Kneat returns to help us make a trade decision. For example, suppose you find that Kneat 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 |
Kneat 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 Kneat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kneat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kneat stock over time.
Current vs Lagged Prices |
| Timeline |
Kneat Lagged Returns
When evaluating Kneat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kneat stock have on its future price. Kneat 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, Kneat autocorrelation shows the relationship between Kneat stock current value and its past values and can show if there is a momentum factor associated with investing in Kneat Inc.
Regressed Prices |
| Timeline |
Pair Trading with Kneat
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kneat position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kneat will appreciate offsetting losses from the drop in the long position's value.Moving against Kneat Stock
The ability to find closely correlated positions to Kneat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kneat when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kneat - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kneat Inc to buy it.
The correlation of Kneat is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kneat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kneat Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kneat can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Kneat Stock
Kneat financial ratios help investors to determine whether Kneat Stock 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 Kneat with respect to the benefits of owning Kneat security.