Karoon Energy (Australia) Market Value
| KAR Stock | 1.41 0.01 0.71% |
| Symbol | Karoon |
Karoon Energy '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 Karoon Energy'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 Karoon Energy.
| 01/25/2023 |
| 12/15/2024 |
If you would invest 0.00 in Karoon Energy on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding Karoon Energy or generate 0.0% return on investment in Karoon Energy over 690 days. Karoon Energy is related to or competes with GreenX Metals, and Centuria Industrial. Karoon Energy is entity of Australia. It is traded as Stock on AU exchange. More
Karoon Energy 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 Karoon Energy'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 Karoon Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.38 |
Karoon Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karoon Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karoon Energy's standard deviation. In reality, there are many statistical measures that can use Karoon Energy historical prices to predict the future Karoon Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 1.35 |
Karoon Energy Backtested Returns
Karoon Energy has Sharpe Ratio of -0.0063, which conveys that the firm had a -0.0063% return per unit of risk over the last 3 months. Karoon Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Karoon Energy's Mean Deviation of 1.76, standard deviation of 2.39, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0411, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Karoon Energy are expected to decrease at a much lower rate. During the bear market, Karoon Energy is likely to outperform the market. At this point, Karoon Energy has a negative expected return of -0.0149%. Please make sure to verify Karoon Energy's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Karoon Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Karoon Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Karoon Energy time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 to 15th 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 Karoon Energy price movement. The serial correlation of -0.17 indicates that over 17.0% of current Karoon Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Karoon Energy lagged returns against current returns
Autocorrelation, which is Karoon Energy 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 Karoon Energy's stock expected returns. We can calculate the autocorrelation of Karoon Energy returns to help us make a trade decision. For example, suppose you find that Karoon Energy 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 |
Karoon Energy 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 Karoon Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karoon Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karoon Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Karoon Energy Lagged Returns
When evaluating Karoon Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karoon Energy stock have on its future price. Karoon Energy 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, Karoon Energy autocorrelation shows the relationship between Karoon Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Karoon Energy.
Regressed Prices |
| Timeline |
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Additional Tools for Karoon Stock Analysis
When running Karoon Energy's price analysis, check to measure Karoon Energy'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 Karoon Energy is operating at the current time. Most of Karoon Energy's value examination focuses on studying past and present price action to predict the probability of Karoon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karoon Energy's price. Additionally, you may evaluate how the addition of Karoon Energy to your portfolios can decrease your overall portfolio volatility.