Kezar Life (Germany) Market Value
| 2KZ Stock | 6.05 0.05 0.82% |
| Symbol | Kezar |
Kezar Life '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 Kezar Life'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 Kezar Life.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Kezar Life on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Kezar Life Sciences or generate 0.0% return on investment in Kezar Life over 30 days.
Kezar Life 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 Kezar Life'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 Kezar Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.13 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 60.14 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 4.65 |
Kezar Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kezar Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kezar Life's standard deviation. In reality, there are many statistical measures that can use Kezar Life historical prices to predict the future Kezar Life's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.4352 | |||
| Total Risk Alpha | 0.276 | |||
| Sortino Ratio | 0.0996 | |||
| Treynor Ratio | (1.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kezar Life'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.
Kezar Life Sciences Backtested Returns
Kezar Life appears to be risky, given 3 months investment horizon. Kezar Life Sciences has Sharpe Ratio of 0.0701, which conveys that the firm had a 0.0701% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Kezar Life, which you can use to evaluate the volatility of the firm. Please exercise Kezar Life's Risk Adjusted Performance of 0.0633, downside deviation of 4.13, and Mean Deviation of 2.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kezar Life holds a performance score of 5. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kezar Life are expected to decrease at a much lower rate. During the bear market, Kezar Life is likely to outperform the market. Please check Kezar Life's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Kezar Life's current price movements will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Kezar Life Sciences has virtually no predictability. Overlapping area represents the amount of predictability between Kezar Life time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Kezar Life Sciences price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Kezar Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Kezar Life Sciences lagged returns against current returns
Autocorrelation, which is Kezar Life 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 Kezar Life's stock expected returns. We can calculate the autocorrelation of Kezar Life returns to help us make a trade decision. For example, suppose you find that Kezar Life 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 |
Kezar Life 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 Kezar Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kezar Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kezar Life stock over time.
Current vs Lagged Prices |
| Timeline |
Kezar Life Lagged Returns
When evaluating Kezar Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kezar Life stock have on its future price. Kezar Life 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, Kezar Life autocorrelation shows the relationship between Kezar Life stock current value and its past values and can show if there is a momentum factor associated with investing in Kezar Life Sciences.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kezar Stock Analysis
When running Kezar Life's price analysis, check to measure Kezar Life'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 Kezar Life is operating at the current time. Most of Kezar Life's value examination focuses on studying past and present price action to predict the probability of Kezar Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kezar Life's price. Additionally, you may evaluate how the addition of Kezar Life to your portfolios can decrease your overall portfolio volatility.