Kossan Rubber (Malaysia) Market Value
| 7153 Stock | 2.48 0.01 0.40% |
| Symbol | Kossan |
Kossan Rubber '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 Kossan Rubber'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 Kossan Rubber.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kossan Rubber on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kossan Rubber Industries or generate 0.0% return on investment in Kossan Rubber over 30 days. Kossan Rubber is related to or competes with Kawan Food, Kluang Rubber, K One, Daya Materials, Oriental Food, Diversified Gateway, and PMB Technology. More
Kossan Rubber 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 Kossan Rubber'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 Kossan Rubber Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 30.38 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.55 |
Kossan Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kossan Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kossan Rubber's standard deviation. In reality, there are many statistical measures that can use Kossan Rubber historical prices to predict the future Kossan Rubber's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.5301 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1193 | |||
| Treynor Ratio | (1.49) |
Kossan Rubber Industries Backtested Returns
Kossan Rubber appears to be very risky, given 3 months investment horizon. Kossan Rubber Industries has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Kossan Rubber's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Kossan Rubber's Mean Deviation of 2.05, downside deviation of 3.02, and Risk Adjusted Performance of 0.1118 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kossan Rubber holds a performance score of 10. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kossan Rubber are expected to decrease at a much lower rate. During the bear market, Kossan Rubber is likely to outperform the market. Please check Kossan Rubber's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Kossan Rubber's current price movements will revert.
Auto-correlation | 0.90 |
Excellent predictability
Kossan Rubber Industries has excellent predictability. Overlapping area represents the amount of predictability between Kossan Rubber time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Kossan Rubber Industries price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Kossan Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kossan Rubber Industries lagged returns against current returns
Autocorrelation, which is Kossan Rubber 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 Kossan Rubber's stock expected returns. We can calculate the autocorrelation of Kossan Rubber returns to help us make a trade decision. For example, suppose you find that Kossan Rubber 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 |
Kossan Rubber 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 Kossan Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kossan Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kossan Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Kossan Rubber Lagged Returns
When evaluating Kossan Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kossan Rubber stock have on its future price. Kossan Rubber 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, Kossan Rubber autocorrelation shows the relationship between Kossan Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Kossan Rubber Industries.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kossan Stock
Kossan Rubber financial ratios help investors to determine whether Kossan 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 Kossan with respect to the benefits of owning Kossan Rubber security.