KBC Ancora (Belgium) Market Value
| KBCA Stock | EUR 49.20 0.65 1.34% |
| Symbol | KBC |
KBC Ancora '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 KBC Ancora'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 KBC Ancora.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in KBC Ancora on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding KBC Ancora or generate 0.0% return on investment in KBC Ancora over 30 days. KBC Ancora is related to or competes with Ageas SANV, Solvay SA, Etablissementen Franz, Groep Brussel, and UCB SA. KBC Ancora SCA holds participating interest in KBC Group SA More
KBC Ancora 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 KBC Ancora'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 KBC Ancora upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9057 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.36 |
KBC Ancora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KBC Ancora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KBC Ancora's standard deviation. In reality, there are many statistical measures that can use KBC Ancora historical prices to predict the future KBC Ancora's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5222 |
KBC Ancora Backtested Returns
Currently, KBC Ancora is very steady. KBC Ancora retains Efficiency (Sharpe Ratio) of 0.0844, which conveys that the company had a 0.0844% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for KBC Ancora, which you can use to evaluate the volatility of the entity. Please verify KBC Ancora's Mean Deviation of 0.6795, market risk adjusted performance of 0.5322, and Downside Deviation of 0.9057 to check out if the risk estimate we provide is consistent with the expected return of 0.073%. KBC Ancora has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KBC Ancora's returns are expected to increase less than the market. However, during the bear market, the loss of holding KBC Ancora is expected to be smaller as well. KBC Ancora at this time owns a risk of 0.86%. Please verify KBC Ancora semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if KBC Ancora will be following its current price history.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
KBC Ancora has almost perfect reverse predictability. Overlapping area represents the amount of predictability between KBC Ancora time series from 15th of November 2024 to 30th of November 2024 and 30th of November 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 KBC Ancora price movement. The serial correlation of -0.77 indicates that around 77.0% of current KBC Ancora price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
KBC Ancora lagged returns against current returns
Autocorrelation, which is KBC Ancora 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 KBC Ancora's stock expected returns. We can calculate the autocorrelation of KBC Ancora returns to help us make a trade decision. For example, suppose you find that KBC Ancora 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 |
KBC Ancora 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 KBC Ancora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KBC Ancora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KBC Ancora stock over time.
Current vs Lagged Prices |
| Timeline |
KBC Ancora Lagged Returns
When evaluating KBC Ancora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KBC Ancora stock have on its future price. KBC Ancora 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, KBC Ancora autocorrelation shows the relationship between KBC Ancora stock current value and its past values and can show if there is a momentum factor associated with investing in KBC Ancora.
Regressed Prices |
| Timeline |
Pair Trading with KBC Ancora
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KBC Ancora position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KBC Ancora will appreciate offsetting losses from the drop in the long position's value.Moving against KBC Stock
The ability to find closely correlated positions to KBC Ancora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KBC Ancora when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KBC Ancora - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KBC Ancora to buy it.
The correlation of KBC Ancora is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KBC Ancora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KBC Ancora moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KBC Ancora can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for KBC Stock Analysis
When running KBC Ancora's price analysis, check to measure KBC Ancora'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 KBC Ancora is operating at the current time. Most of KBC Ancora's value examination focuses on studying past and present price action to predict the probability of KBC Ancora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KBC Ancora's price. Additionally, you may evaluate how the addition of KBC Ancora to your portfolios can decrease your overall portfolio volatility.