Kulr Technology Group Stock Market Value
| KULR Stock | USD 1.16 0.44 61.11% |
| Symbol | KULR |
KULR Technology Group Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of KULR Technology. If investors know KULR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about KULR Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.11) | Revenue Per Share 0.067 | Quarterly Revenue Growth (0.1) | Return On Assets (0.94) | Return On Equity (5.93) |
The market value of KULR Technology Group is measured differently than its book value, which is the value of KULR that is recorded on the company's balance sheet. Investors also form their own opinion of KULR Technology's value that differs from its market value or its book value, called intrinsic value, which is KULR Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because KULR Technology's market value can be influenced by many factors that don't directly affect KULR Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between KULR Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if KULR Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KULR Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
KULR Technology '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 KULR Technology'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 KULR Technology.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in KULR Technology on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding KULR Technology Group or generate 0.0% return on investment in KULR Technology over 180 days. KULR Technology is related to or competes with Richardson Electronics, Interlink Electronics, SigmaTron International, Maris Tech, Ouster, MicroCloud Hologram, and Kopin. KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal ma... More
KULR Technology 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 KULR Technology'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 KULR Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.27 | |||
| Information Ratio | 0.2099 | |||
| Maximum Drawdown | 82.05 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 18.18 |
KULR Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KULR Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KULR Technology's standard deviation. In reality, there are many statistical measures that can use KULR Technology historical prices to predict the future KULR Technology's volatility.| Risk Adjusted Performance | 0.1776 | |||
| Jensen Alpha | 2.47 | |||
| Total Risk Alpha | 0.7123 | |||
| Sortino Ratio | 0.3934 | |||
| Treynor Ratio | 0.7344 |
KULR Technology Group Backtested Returns
KULR Technology is out of control given 3 months investment horizon. KULR Technology Group has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of volatility over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.15% are justified by taking the suggested risk. Use KULR Technology Group risk adjusted performance of 0.1776, and Mean Deviation of 7.32 to evaluate company specific risk that cannot be diversified away. KULR Technology holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 4.07, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, KULR Technology will likely underperform. Use KULR Technology Group maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on KULR Technology Group.
Auto-correlation | -0.43 |
Modest reverse predictability
KULR Technology Group has modest reverse predictability. Overlapping area represents the amount of predictability between KULR Technology time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 KULR Technology Group price movement. The serial correlation of -0.43 indicates that just about 43.0% of current KULR Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
KULR Technology Group lagged returns against current returns
Autocorrelation, which is KULR Technology 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 KULR Technology's stock expected returns. We can calculate the autocorrelation of KULR Technology returns to help us make a trade decision. For example, suppose you find that KULR Technology 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 |
KULR Technology 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 KULR Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KULR Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KULR Technology stock over time.
Current vs Lagged Prices |
| Timeline |
KULR Technology Lagged Returns
When evaluating KULR Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KULR Technology stock have on its future price. KULR Technology 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, KULR Technology autocorrelation shows the relationship between KULR Technology stock current value and its past values and can show if there is a momentum factor associated with investing in KULR Technology Group.
Regressed Prices |
| Timeline |
Pair Trading with KULR Technology
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 KULR Technology 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 KULR Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with KULR Stock
| 0.68 | EBON | Ebang International Upward Rally | PairCorr |
Moving against KULR Stock
The ability to find closely correlated positions to KULR Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KULR Technology 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 KULR Technology - 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 KULR Technology Group to buy it.
The correlation of KULR Technology 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 KULR Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KULR Technology Group 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 KULR Technology 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.Additional Tools for KULR Stock Analysis
When running KULR Technology's price analysis, check to measure KULR Technology'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 KULR Technology is operating at the current time. Most of KULR Technology's value examination focuses on studying past and present price action to predict the probability of KULR Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KULR Technology's price. Additionally, you may evaluate how the addition of KULR Technology to your portfolios can decrease your overall portfolio volatility.