Kainos Medicine (Korea) Market Value
| 284620 Stock | 3,170 275.00 9.50% |
| Symbol | Kainos |
Kainos Medicine '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 Kainos Medicine'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 Kainos Medicine.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Kainos Medicine on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kainos Medicine or generate 0.0% return on investment in Kainos Medicine over 30 days. Kainos Medicine is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
Kainos Medicine 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 Kainos Medicine'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 Kainos Medicine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 41.95 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 6.51 |
Kainos Medicine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kainos Medicine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kainos Medicine's standard deviation. In reality, there are many statistical measures that can use Kainos Medicine historical prices to predict the future Kainos Medicine's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.7831 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kainos Medicine's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kainos Medicine Backtested Returns
Kainos Medicine has Sharpe Ratio of -0.0385, which conveys that the firm had a -0.0385% return per unit of risk over the last 24 months. Kainos Medicine exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kainos Medicine's Mean Deviation of 2.76, standard deviation of 4.51, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kainos Medicine are expected to decrease at a much lower rate. During the bear market, Kainos Medicine is likely to outperform the market. Kainos Medicine has an expected return of -0.18%. Please make sure to verify Kainos Medicine standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kainos Medicine performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Kainos Medicine has excellent reverse predictability. Overlapping area represents the amount of predictability between Kainos Medicine time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Kainos Medicine price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Kainos Medicine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 40.6 K |
Kainos Medicine lagged returns against current returns
Autocorrelation, which is Kainos Medicine 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 Kainos Medicine's stock expected returns. We can calculate the autocorrelation of Kainos Medicine returns to help us make a trade decision. For example, suppose you find that Kainos Medicine 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 |
Kainos Medicine 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 Kainos Medicine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kainos Medicine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kainos Medicine stock over time.
Current vs Lagged Prices |
| Timeline |
Kainos Medicine Lagged Returns
When evaluating Kainos Medicine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kainos Medicine stock have on its future price. Kainos Medicine 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, Kainos Medicine autocorrelation shows the relationship between Kainos Medicine stock current value and its past values and can show if there is a momentum factor associated with investing in Kainos Medicine.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kainos Medicine in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kainos Medicine's short interest history, or implied volatility extrapolated from Kainos Medicine options trading.
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Check out Kainos Medicine Correlation, Kainos Medicine Volatility and Kainos Medicine Alpha and Beta module to complement your research on Kainos Medicine. Note that the Kainos Medicine information on this page should be used as a complementary analysis to other Kainos Medicine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Kainos Stock analysis
When running Kainos Medicine's price analysis, check to measure Kainos Medicine'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 Kainos Medicine is operating at the current time. Most of Kainos Medicine's value examination focuses on studying past and present price action to predict the probability of Kainos Medicine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kainos Medicine's price. Additionally, you may evaluate how the addition of Kainos Medicine to your portfolios can decrease your overall portfolio volatility.
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Kainos Medicine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.