KIM KINDEX's market value is the price at which a share of KIM KINDEX trades on a public exchange. It measures the collective expectations of KIM KINDEX 200TotalReturn investors about its performance. KIM KINDEX is trading at 21230.00 as of the 23rd of December 2024, a 2.36 percent increase since the beginning of the trading day. The etf's open price was 20740.0. With this module, you can estimate the performance of a buy and hold strategy of KIM KINDEX 200TotalReturn and determine expected loss or profit from investing in KIM KINDEX over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
KIM
KIM KINDEX '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 KIM KINDEX's etf 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 KIM KINDEX.
0.00
11/23/2024
No Change 0.00
0.0
In 31 days
12/23/2024
0.00
If you would invest 0.00 in KIM KINDEX on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding KIM KINDEX 200TotalReturn or generate 0.0% return on investment in KIM KINDEX over 30 days.
KIM KINDEX 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 KIM KINDEX's etf 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 KIM KINDEX 200TotalReturn upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KIM KINDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KIM KINDEX's standard deviation. In reality, there are many statistical measures that can use KIM KINDEX historical prices to predict the future KIM KINDEX's volatility.
KIM KINDEX 200TotalReturn has Sharpe Ratio of -0.0856, which conveys that the entity had a -0.0856% return per unit of volatility over the last 3 months. KIM KINDEX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KIM KINDEX's mean deviation of 0.9474, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0299, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KIM KINDEX are expected to decrease at a much lower rate. During the bear market, KIM KINDEX is likely to outperform the market.
Auto-correlation
0.11
Insignificant predictability
KIM KINDEX 200TotalReturn has insignificant predictability. Overlapping area represents the amount of predictability between KIM KINDEX time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 KIM KINDEX 200TotalReturn price movement. The serial correlation of 0.11 indicates that less than 11.0% of current KIM KINDEX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.15
Residual Average
0.0
Price Variance
137.6 K
KIM KINDEX 200TotalReturn lagged returns against current returns
Autocorrelation, which is KIM KINDEX etf'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 KIM KINDEX's etf expected returns. We can calculate the autocorrelation of KIM KINDEX returns to help us make a trade decision. For example, suppose you find that KIM KINDEX has exhibited high autocorrelation historically, and you observe that the etf 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
KIM KINDEX 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 KIM KINDEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KIM KINDEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KIM KINDEX etf over time.
Current vs Lagged Prices
Timeline
KIM KINDEX Lagged Returns
When evaluating KIM KINDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KIM KINDEX etf have on its future price. KIM KINDEX 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, KIM KINDEX autocorrelation shows the relationship between KIM KINDEX etf current value and its past values and can show if there is a momentum factor associated with investing in KIM KINDEX 200TotalReturn.