K1EL34 (Brazil) Market Value
| K1EL34 Stock | BRL 253.00 4.75 1.91% |
| Symbol | K1EL34 |
K1EL34 '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 K1EL34'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 K1EL34.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in K1EL34 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding K1EL34 or generate 0.0% return on investment in K1EL34 over 60 days. K1EL34 is related to or competes with Kraft Heinz, JBS SA, M Dias, Beyond Meat, Marfrig Global, and Jalles Machado. Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods More
K1EL34 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 K1EL34'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 K1EL34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 8.03 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.91 |
K1EL34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K1EL34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K1EL34's standard deviation. In reality, there are many statistical measures that can use K1EL34 historical prices to predict the future K1EL34's volatility.| Risk Adjusted Performance | 0.1555 | |||
| Jensen Alpha | 0.2354 | |||
| Total Risk Alpha | 0.1754 | |||
| Sortino Ratio | 0.1475 | |||
| Treynor Ratio | (1.61) |
K1EL34 Backtested Returns
K1EL34 appears to be very steady, given 3 months investment horizon. K1EL34 has Sharpe Ratio of 0.19, which conveys that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for K1EL34, which you can use to evaluate the volatility of the entity. Please exercise K1EL34's Downside Deviation of 1.33, mean deviation of 0.7508, and Semi Deviation of 0.5986 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K1EL34 holds a performance score of 14. The firm secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning K1EL34 are expected to decrease at a much lower rate. During the bear market, K1EL34 is likely to outperform the market. Please check K1EL34's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether K1EL34's current price movements will revert.
Auto-correlation | 0.61 |
Good predictability
K1EL34 has good predictability. Overlapping area represents the amount of predictability between K1EL34 time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 K1EL34 price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current K1EL34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 28.63 |
K1EL34 lagged returns against current returns
Autocorrelation, which is K1EL34 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 K1EL34's stock expected returns. We can calculate the autocorrelation of K1EL34 returns to help us make a trade decision. For example, suppose you find that K1EL34 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 |
K1EL34 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 K1EL34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K1EL34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K1EL34 stock over time.
Current vs Lagged Prices |
| Timeline |
K1EL34 Lagged Returns
When evaluating K1EL34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K1EL34 stock have on its future price. K1EL34 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, K1EL34 autocorrelation shows the relationship between K1EL34 stock current value and its past values and can show if there is a momentum factor associated with investing in K1EL34.
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 K1EL34 Stock
K1EL34 financial ratios help investors to determine whether K1EL34 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 K1EL34 with respect to the benefits of owning K1EL34 security.