Kinatico (Australia) Market Value
| KYP Stock | 0.14 0.01 7.69% |
| Symbol | Kinatico |
Kinatico '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 Kinatico'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 Kinatico.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Kinatico on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Kinatico or generate 0.0% return on investment in Kinatico over 720 days. Kinatico is related to or competes with Centaurus Metals, Oneview Healthcare, and Aussie Broadband. Kinatico is entity of Australia. It is traded as Stock on AU exchange. More
Kinatico 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 Kinatico'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 Kinatico upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.63 | |||
| Information Ratio | 0.1148 | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Kinatico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinatico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinatico's standard deviation. In reality, there are many statistical measures that can use Kinatico historical prices to predict the future Kinatico's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.7051 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | (2.46) |
Kinatico Backtested Returns
Kinatico appears to be out of control, given 3 months investment horizon. Kinatico has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Kinatico's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Kinatico's Downside Deviation of 8.63, risk adjusted performance of 0.1184, and Mean Deviation of 2.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kinatico holds a performance score of 10. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kinatico are expected to decrease at a much lower rate. During the bear market, Kinatico is likely to outperform the market. Please check Kinatico's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Kinatico's current price movements will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Kinatico has very weak reverse predictability. Overlapping area represents the amount of predictability between Kinatico time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Kinatico price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Kinatico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kinatico lagged returns against current returns
Autocorrelation, which is Kinatico 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 Kinatico's stock expected returns. We can calculate the autocorrelation of Kinatico returns to help us make a trade decision. For example, suppose you find that Kinatico 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 |
Kinatico 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 Kinatico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinatico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinatico stock over time.
Current vs Lagged Prices |
| Timeline |
Kinatico Lagged Returns
When evaluating Kinatico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinatico stock have on its future price. Kinatico 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, Kinatico autocorrelation shows the relationship between Kinatico stock current value and its past values and can show if there is a momentum factor associated with investing in Kinatico.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kinatico Stock Analysis
When running Kinatico's price analysis, check to measure Kinatico'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 Kinatico is operating at the current time. Most of Kinatico's value examination focuses on studying past and present price action to predict the probability of Kinatico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinatico's price. Additionally, you may evaluate how the addition of Kinatico to your portfolios can decrease your overall portfolio volatility.