K Bro Linen Stock Market Value
| KBL Stock | CAD 32.25 0.22 0.69% |
| Symbol | KBL |
K Bro Linen Price To Book Ratio
K Bro '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 K Bro'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 K Bro.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in K Bro on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding K Bro Linen or generate 0.0% return on investment in K Bro over 90 days. K Bro is related to or competes with Richards Packaging, Ag Growth, and Pollard Banknote. K-Bro Linen Inc., together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels... More
K Bro 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 K Bro'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 K Bro Linen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.49 |
K Bro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K Bro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K Bro's standard deviation. In reality, there are many statistical measures that can use K Bro historical prices to predict the future K Bro's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.47) |
K Bro Linen Backtested Returns
K Bro Linen retains Efficiency (Sharpe Ratio) of -0.23, which conveys that the company had a -0.23 % return per unit of return volatility over the last 3 months. K Bro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify K Bro's Standard Deviation of 1.24, market risk adjusted performance of (1.46), and Mean Deviation of 0.9223 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, K Bro's returns are expected to increase less than the market. However, during the bear market, the loss of holding K Bro is expected to be smaller as well. At this point, K Bro Linen has a negative expected return of -0.28%. Please make sure to verify K Bro's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if K Bro Linen performance from the past will be repeated sooner or later.
Auto-correlation | 0.47 |
Average predictability
K Bro Linen has average predictability. Overlapping area represents the amount of predictability between K Bro time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of K Bro Linen price movement. The serial correlation of 0.47 indicates that about 47.0% of current K Bro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
K Bro Linen lagged returns against current returns
Autocorrelation, which is K Bro 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 K Bro's stock expected returns. We can calculate the autocorrelation of K Bro returns to help us make a trade decision. For example, suppose you find that K Bro 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 |
K Bro 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 K Bro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K Bro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K Bro stock over time.
Current vs Lagged Prices |
| Timeline |
K Bro Lagged Returns
When evaluating K Bro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K Bro stock have on its future price. K Bro 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, K Bro autocorrelation shows the relationship between K Bro stock current value and its past values and can show if there is a momentum factor associated with investing in K Bro Linen.
Regressed Prices |
| Timeline |
Pair Trading with K Bro
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 K Bro 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 K Bro will appreciate offsetting losses from the drop in the long position's value.Moving against KBL Stock
The ability to find closely correlated positions to K Bro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K Bro 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 K Bro - 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 K Bro Linen to buy it.
The correlation of K Bro 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 K Bro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K Bro Linen 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 K Bro 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.Other Information on Investing in KBL Stock
K Bro financial ratios help investors to determine whether KBL 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 KBL with respect to the benefits of owning K Bro security.