KINGBOARD CHEMICAL (Germany) Market Value
| KGZ Stock | EUR 2.76 0.02 0.72% |
| Symbol | KINGBOARD |
KINGBOARD CHEMICAL '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 KINGBOARD CHEMICAL'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 KINGBOARD CHEMICAL.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in KINGBOARD CHEMICAL on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding KINGBOARD CHEMICAL or generate 0.0% return on investment in KINGBOARD CHEMICAL over 90 days. KINGBOARD CHEMICAL is related to or competes with ANGLER GAMING, FRACTAL GAMING, SOUTHWEST AIRLINES, CI GAMES, Aegean Airlines, PENN NATL, and United Airlines. More
KINGBOARD CHEMICAL 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 KINGBOARD CHEMICAL'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 KINGBOARD CHEMICAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 24.31 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 4.85 |
KINGBOARD CHEMICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KINGBOARD CHEMICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KINGBOARD CHEMICAL's standard deviation. In reality, there are many statistical measures that can use KINGBOARD CHEMICAL historical prices to predict the future KINGBOARD CHEMICAL's volatility.| Risk Adjusted Performance | 0.1804 | |||
| Jensen Alpha | 0.5224 | |||
| Total Risk Alpha | 0.1392 | |||
| Sortino Ratio | 0.2388 | |||
| Treynor Ratio | 1.03 |
KINGBOARD CHEMICAL Backtested Returns
KINGBOARD CHEMICAL appears to be unstable, given 3 months investment horizon. KINGBOARD CHEMICAL has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2 % return per unit of volatility over the last 3 months. By inspecting KINGBOARD CHEMICAL's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise KINGBOARD CHEMICAL's risk adjusted performance of 0.1804, and Mean Deviation of 2.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KINGBOARD CHEMICAL holds a performance score of 16. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KINGBOARD CHEMICAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding KINGBOARD CHEMICAL is expected to be smaller as well. Please check KINGBOARD CHEMICAL's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether KINGBOARD CHEMICAL's current price movements will revert.
Auto-correlation | 0.68 |
Good predictability
KINGBOARD CHEMICAL has good predictability. Overlapping area represents the amount of predictability between KINGBOARD CHEMICAL time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KINGBOARD CHEMICAL price movement. The serial correlation of 0.68 indicates that around 68.0% of current KINGBOARD CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
KINGBOARD CHEMICAL lagged returns against current returns
Autocorrelation, which is KINGBOARD CHEMICAL 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 KINGBOARD CHEMICAL's stock expected returns. We can calculate the autocorrelation of KINGBOARD CHEMICAL returns to help us make a trade decision. For example, suppose you find that KINGBOARD CHEMICAL 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 |
KINGBOARD CHEMICAL 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 KINGBOARD CHEMICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KINGBOARD CHEMICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KINGBOARD CHEMICAL stock over time.
Current vs Lagged Prices |
| Timeline |
KINGBOARD CHEMICAL Lagged Returns
When evaluating KINGBOARD CHEMICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KINGBOARD CHEMICAL stock have on its future price. KINGBOARD CHEMICAL 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, KINGBOARD CHEMICAL autocorrelation shows the relationship between KINGBOARD CHEMICAL stock current value and its past values and can show if there is a momentum factor associated with investing in KINGBOARD CHEMICAL.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in KINGBOARD Stock
KINGBOARD CHEMICAL financial ratios help investors to determine whether KINGBOARD 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 KINGBOARD with respect to the benefits of owning KINGBOARD CHEMICAL security.