KLP AksjeEuropa (Ireland) Market Value
| 0P00016TMM | 1,874 0.00 0.00% |
| Symbol | KLP |
KLP AksjeEuropa '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 KLP AksjeEuropa's fund 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 KLP AksjeEuropa.
| 10/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in KLP AksjeEuropa on October 17, 2024 and sell it all today you would earn a total of 0.00 from holding KLP AksjeEuropa Indeks or generate 0.0% return on investment in KLP AksjeEuropa over 60 days.
KLP AksjeEuropa 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 KLP AksjeEuropa's fund 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 KLP AksjeEuropa Indeks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.772 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.11 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.04 |
KLP AksjeEuropa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLP AksjeEuropa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLP AksjeEuropa's standard deviation. In reality, there are many statistical measures that can use KLP AksjeEuropa historical prices to predict the future KLP AksjeEuropa's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0331 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.26) |
KLP AksjeEuropa Indeks Backtested Returns
At this point, KLP AksjeEuropa is very steady. KLP AksjeEuropa Indeks has Sharpe Ratio of 0.0179, which conveys that the entity had a 0.0179% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for KLP AksjeEuropa, which you can use to evaluate the volatility of the fund. Please verify KLP AksjeEuropa's mean deviation of 0.5041, and Risk Adjusted Performance of 0.0378 to check out if the risk estimate we provide is consistent with the expected return of 0.0115%. The fund secures a Beta (Market Risk) of -0.095, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KLP AksjeEuropa are expected to decrease at a much lower rate. During the bear market, KLP AksjeEuropa is likely to outperform the market.
Auto-correlation | -0.88 |
Excellent reverse predictability
KLP AksjeEuropa Indeks has excellent reverse predictability. Overlapping area represents the amount of predictability between KLP AksjeEuropa time series from 17th of October 2024 to 16th of November 2024 and 16th of November 2024 to 16th 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 KLP AksjeEuropa Indeks price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current KLP AksjeEuropa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 587.6 |
KLP AksjeEuropa Indeks lagged returns against current returns
Autocorrelation, which is KLP AksjeEuropa fund'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 KLP AksjeEuropa's fund expected returns. We can calculate the autocorrelation of KLP AksjeEuropa returns to help us make a trade decision. For example, suppose you find that KLP AksjeEuropa has exhibited high autocorrelation historically, and you observe that the fund 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 |
KLP AksjeEuropa 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 KLP AksjeEuropa fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLP AksjeEuropa fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLP AksjeEuropa fund over time.
Current vs Lagged Prices |
| Timeline |
KLP AksjeEuropa Lagged Returns
When evaluating KLP AksjeEuropa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLP AksjeEuropa fund have on its future price. KLP AksjeEuropa 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, KLP AksjeEuropa autocorrelation shows the relationship between KLP AksjeEuropa fund current value and its past values and can show if there is a momentum factor associated with investing in KLP AksjeEuropa Indeks.
Regressed Prices |
| Timeline |
Pair Trading with KLP AksjeEuropa
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 KLP AksjeEuropa 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 KLP AksjeEuropa will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KLP AksjeEuropa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KLP AksjeEuropa 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 KLP AksjeEuropa - 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 KLP AksjeEuropa Indeks to buy it.
The correlation of KLP AksjeEuropa 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 KLP AksjeEuropa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLP AksjeEuropa Indeks 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 KLP AksjeEuropa 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.| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
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