Kits Eyecare Stock Market Value
| KITS Stock | CAD 15.90 0.16 1.00% |
| Symbol | Kits |
Kits Eyecare '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 Kits Eyecare'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 Kits Eyecare.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Kits Eyecare on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Kits Eyecare or generate 0.0% return on investment in Kits Eyecare over 90 days. Kits Eyecare is related to or competes with Data Communications, Haivision Systems, Kits Eyecare, Pet Valu, Parkland Fuel, and Thinkific Labs. Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada More
Kits Eyecare 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 Kits Eyecare'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 Kits Eyecare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.2037 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.34 |
Kits Eyecare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kits Eyecare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kits Eyecare's standard deviation. In reality, there are many statistical measures that can use Kits Eyecare historical prices to predict the future Kits Eyecare's volatility.| Risk Adjusted Performance | 0.2566 | |||
| Jensen Alpha | 0.533 | |||
| Total Risk Alpha | 0.2687 | |||
| Sortino Ratio | 0.2692 | |||
| Treynor Ratio | 1.92 |
Kits Eyecare Backtested Returns
Kits Eyecare appears to be not too volatile, given 3 months investment horizon. Kits Eyecare has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27 % return per unit of risk over the last 3 months. By analyzing Kits Eyecare's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise Kits Eyecare's Downside Deviation of 1.64, risk adjusted performance of 0.2566, and Mean Deviation of 1.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kits Eyecare holds a performance score of 21. The company secures a Beta (Market Risk) of 0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kits Eyecare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kits Eyecare is expected to be smaller as well. Please check Kits Eyecare's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Kits Eyecare's current price movements will revert.
Auto-correlation | 0.88 |
Very good predictability
Kits Eyecare has very good predictability. Overlapping area represents the amount of predictability between Kits Eyecare time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 Kits Eyecare price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Kits Eyecare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Kits Eyecare lagged returns against current returns
Autocorrelation, which is Kits Eyecare 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 Kits Eyecare's stock expected returns. We can calculate the autocorrelation of Kits Eyecare returns to help us make a trade decision. For example, suppose you find that Kits Eyecare 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 |
Kits Eyecare 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 Kits Eyecare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kits Eyecare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kits Eyecare stock over time.
Current vs Lagged Prices |
| Timeline |
Kits Eyecare Lagged Returns
When evaluating Kits Eyecare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kits Eyecare stock have on its future price. Kits Eyecare 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, Kits Eyecare autocorrelation shows the relationship between Kits Eyecare stock current value and its past values and can show if there is a momentum factor associated with investing in Kits Eyecare.
Regressed Prices |
| Timeline |
Pair Trading with Kits Eyecare
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 Kits Eyecare 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 Kits Eyecare will appreciate offsetting losses from the drop in the long position's value.Moving together with Kits Stock
Moving against Kits Stock
The ability to find closely correlated positions to Kits Eyecare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kits Eyecare 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 Kits Eyecare - 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 Kits Eyecare to buy it.
The correlation of Kits Eyecare 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 Kits Eyecare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kits Eyecare 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 Kits Eyecare 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 Kits Stock
Kits Eyecare financial ratios help investors to determine whether Kits 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 Kits with respect to the benefits of owning Kits Eyecare security.