Kura Sushi (Taiwan) Market Value
| 2754 Stock | TWD 88.00 0.20 0.23% |
| Symbol | Kura |
Kura Sushi '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 Kura Sushi'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 Kura Sushi.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Kura Sushi on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Kura Sushi Asia or generate 0.0% return on investment in Kura Sushi over 720 days. Kura Sushi is related to or competes with Gourmet Master, Wowprime Corp, TTFB, Hi Lai, Tofu Restaurant, and Louisa Professional. Kura Sushi Asia Co., Ltd. operates sushi restaurant in Taiwan More
Kura Sushi 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 Kura Sushi'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 Kura Sushi Asia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.65 |
Kura Sushi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kura Sushi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kura Sushi's standard deviation. In reality, there are many statistical measures that can use Kura Sushi historical prices to predict the future Kura Sushi's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.28) |
Kura Sushi Asia Backtested Returns
Kura Sushi Asia has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Kura Sushi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kura Sushi's Mean Deviation of 0.8604, risk adjusted performance of (0.09), and Standard Deviation of 1.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kura Sushi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kura Sushi is expected to be smaller as well. At this point, Kura Sushi Asia has a negative expected return of -0.17%. Please make sure to verify Kura Sushi's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Kura Sushi Asia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Kura Sushi Asia has average predictability. Overlapping area represents the amount of predictability between Kura Sushi time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Kura Sushi Asia price movement. The serial correlation of 0.47 indicates that about 47.0% of current Kura Sushi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 84.14 |
Kura Sushi Asia lagged returns against current returns
Autocorrelation, which is Kura Sushi 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 Kura Sushi's stock expected returns. We can calculate the autocorrelation of Kura Sushi returns to help us make a trade decision. For example, suppose you find that Kura Sushi 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 |
Kura Sushi 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 Kura Sushi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kura Sushi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kura Sushi stock over time.
Current vs Lagged Prices |
| Timeline |
Kura Sushi Lagged Returns
When evaluating Kura Sushi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kura Sushi stock have on its future price. Kura Sushi 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, Kura Sushi autocorrelation shows the relationship between Kura Sushi stock current value and its past values and can show if there is a momentum factor associated with investing in Kura Sushi Asia.
Regressed Prices |
| Timeline |
Pair Trading with Kura Sushi
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 Kura Sushi 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 Kura Sushi will appreciate offsetting losses from the drop in the long position's value.Moving against Kura Stock
| 0.68 | 2723 | Gourmet Master | PairCorr |
| 0.59 | 2755 | YoungQin International | PairCorr |
| 0.54 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.5 | 2727 | Wowprime Corp | PairCorr |
| 0.49 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Kura Sushi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kura Sushi 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 Kura Sushi - 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 Kura Sushi Asia to buy it.
The correlation of Kura Sushi 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 Kura Sushi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kura Sushi Asia 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 Kura Sushi 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.Additional Tools for Kura Stock Analysis
When running Kura Sushi's price analysis, check to measure Kura Sushi'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 Kura Sushi is operating at the current time. Most of Kura Sushi's value examination focuses on studying past and present price action to predict the probability of Kura Sushi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kura Sushi's price. Additionally, you may evaluate how the addition of Kura Sushi to your portfolios can decrease your overall portfolio volatility.