Katahdin Bankshares Corp Stock Market Value
| KTHN Stock | USD 25.00 0.45 1.83% |
| Symbol | Katahdin |
Katahdin Bankshares '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 Katahdin Bankshares' otc 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 Katahdin Bankshares.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Katahdin Bankshares on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Katahdin Bankshares Corp or generate 0.0% return on investment in Katahdin Bankshares over 30 days. Katahdin Bankshares is related to or competes with Freedom Bank, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, Via Renewables, and Bondbloxx ETF. Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial ... More
Katahdin Bankshares 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 Katahdin Bankshares' otc 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 Katahdin Bankshares Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0855 | |||
| Maximum Drawdown | 7.93 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 1.83 |
Katahdin Bankshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Katahdin Bankshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Katahdin Bankshares' standard deviation. In reality, there are many statistical measures that can use Katahdin Bankshares historical prices to predict the future Katahdin Bankshares' volatility.| Risk Adjusted Performance | 0.1538 | |||
| Jensen Alpha | 0.2248 | |||
| Total Risk Alpha | 0.0409 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | (0.95) |
Katahdin Bankshares Corp Backtested Returns
Katahdin Bankshares appears to be very steady, given 3 months investment horizon. Katahdin Bankshares Corp has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Katahdin Bankshares, which you can use to evaluate the volatility of the firm. Please exercise Katahdin Bankshares' Mean Deviation of 0.526, risk adjusted performance of 0.1538, and Downside Deviation of 1.42 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Katahdin Bankshares holds a performance score of 15. 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 Katahdin Bankshares are expected to decrease at a much lower rate. During the bear market, Katahdin Bankshares is likely to outperform the market. Please check Katahdin Bankshares' potential upside, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Katahdin Bankshares' current price movements will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Katahdin Bankshares Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Katahdin Bankshares time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Katahdin Bankshares Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Katahdin Bankshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Katahdin Bankshares Corp lagged returns against current returns
Autocorrelation, which is Katahdin Bankshares otc 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 Katahdin Bankshares' otc stock expected returns. We can calculate the autocorrelation of Katahdin Bankshares returns to help us make a trade decision. For example, suppose you find that Katahdin Bankshares has exhibited high autocorrelation historically, and you observe that the otc 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 |
Katahdin Bankshares 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 Katahdin Bankshares otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Katahdin Bankshares otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Katahdin Bankshares otc stock over time.
Current vs Lagged Prices |
| Timeline |
Katahdin Bankshares Lagged Returns
When evaluating Katahdin Bankshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Katahdin Bankshares otc stock have on its future price. Katahdin Bankshares 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, Katahdin Bankshares autocorrelation shows the relationship between Katahdin Bankshares otc stock current value and its past values and can show if there is a momentum factor associated with investing in Katahdin Bankshares Corp.
Regressed Prices |
| Timeline |
Pair Trading with Katahdin Bankshares
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 Katahdin Bankshares 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 Katahdin Bankshares will appreciate offsetting losses from the drop in the long position's value.Moving against Katahdin OTC Stock
| 0.91 | BKRKY | Bank Rakyat | PairCorr |
| 0.91 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.9 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.89 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.81 | PPERF | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Katahdin Bankshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Katahdin Bankshares 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 Katahdin Bankshares - 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 Katahdin Bankshares Corp to buy it.
The correlation of Katahdin Bankshares 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 Katahdin Bankshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Katahdin Bankshares Corp 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 Katahdin Bankshares 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 Katahdin OTC Stock
Katahdin Bankshares financial ratios help investors to determine whether Katahdin OTC 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 Katahdin with respect to the benefits of owning Katahdin Bankshares security.