KeyCorp (Brazil) Market Value
| K1EY34 Stock | 115.32 1.36 1.19% |
| Symbol | KeyCorp |
KeyCorp '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 KeyCorp'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 KeyCorp.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in KeyCorp on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding KeyCorp or generate 0.0% return on investment in KeyCorp over 180 days. KeyCorp is related to or competes with Telecomunicaes Brasileiras, CVS Health, Apartment Investment, Verizon Communications, Trade Desk, Hospital Mater, and Healthpeak Properties. More
KeyCorp 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 KeyCorp'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 KeyCorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0953 | |||
| Maximum Drawdown | 25.82 | |||
| Potential Upside | 1.19 |
KeyCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KeyCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KeyCorp's standard deviation. In reality, there are many statistical measures that can use KeyCorp historical prices to predict the future KeyCorp's volatility.| Risk Adjusted Performance | 0.1115 | |||
| Jensen Alpha | 0.4313 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 2.84 |
KeyCorp Backtested Returns
KeyCorp appears to be very steady, given 3 months investment horizon. KeyCorp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty technical indicators for KeyCorp, which you can use to evaluate the volatility of the firm. Please exercise KeyCorp's Mean Deviation of 1.04, risk adjusted performance of 0.1115, and Standard Deviation of 3.4 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KeyCorp holds a performance score of 8. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KeyCorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding KeyCorp is expected to be smaller as well. Please check KeyCorp's market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation , to make a quick decision on whether KeyCorp's current price movements will revert.
Auto-correlation | 0.18 |
Very weak predictability
KeyCorp has very weak predictability. Overlapping area represents the amount of predictability between KeyCorp time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 KeyCorp price movement. The serial correlation of 0.18 indicates that over 18.0% of current KeyCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 55.56 |
KeyCorp lagged returns against current returns
Autocorrelation, which is KeyCorp 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 KeyCorp's stock expected returns. We can calculate the autocorrelation of KeyCorp returns to help us make a trade decision. For example, suppose you find that KeyCorp 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 |
KeyCorp 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 KeyCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KeyCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KeyCorp stock over time.
Current vs Lagged Prices |
| Timeline |
KeyCorp Lagged Returns
When evaluating KeyCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KeyCorp stock have on its future price. KeyCorp 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, KeyCorp autocorrelation shows the relationship between KeyCorp stock current value and its past values and can show if there is a momentum factor associated with investing in KeyCorp.
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.Additional Information and Resources on Investing in KeyCorp Stock
When determining whether KeyCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of KeyCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Keycorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Keycorp Stock:Check out KeyCorp Correlation, KeyCorp Volatility and KeyCorp Alpha and Beta module to complement your research on KeyCorp. For information on how to trade KeyCorp Stock refer to our How to Trade KeyCorp Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
KeyCorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.