KEI Industries (India) Market Value
| KEI Stock | 4,177 18.55 0.44% |
| Symbol | KEI |
KEI Industries '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 KEI Industries' 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 KEI Industries.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in KEI Industries on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding KEI Industries Limited or generate 0.0% return on investment in KEI Industries over 60 days. KEI Industries is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. KEI Industries is entity of India. It is traded as Stock on NSE exchange. More
KEI Industries 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 KEI Industries' 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 KEI Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.6 |
KEI Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KEI Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KEI Industries' standard deviation. In reality, there are many statistical measures that can use KEI Industries historical prices to predict the future KEI Industries' volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.16) |
KEI Industries Backtested Returns
At this point, KEI Industries is very steady. KEI Industries has Sharpe Ratio of 0.0081, which conveys that the firm had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for KEI Industries, which you can use to evaluate the volatility of the firm. Please verify KEI Industries' mean deviation of 1.66, and Risk Adjusted Performance of 0.002 to check out if the risk estimate we provide is consistent with the expected return of 0.0185%. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KEI Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding KEI Industries is expected to be smaller as well. KEI Industries now secures a risk of 2.3%. Please verify KEI Industries Limited potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if KEI Industries Limited will be following its current price movements.
Auto-correlation | 0.06 |
Virtually no predictability
KEI Industries Limited has virtually no predictability. Overlapping area represents the amount of predictability between KEI Industries 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 KEI Industries price movement. The serial correlation of 0.06 indicates that barely 6.0% of current KEI Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 23.5 K |
KEI Industries lagged returns against current returns
Autocorrelation, which is KEI Industries 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 KEI Industries' stock expected returns. We can calculate the autocorrelation of KEI Industries returns to help us make a trade decision. For example, suppose you find that KEI Industries 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 |
KEI Industries 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 KEI Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KEI Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KEI Industries stock over time.
Current vs Lagged Prices |
| Timeline |
KEI Industries Lagged Returns
When evaluating KEI Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KEI Industries stock have on its future price. KEI Industries 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, KEI Industries autocorrelation shows the relationship between KEI Industries stock current value and its past values and can show if there is a momentum factor associated with investing in KEI Industries Limited.
Regressed Prices |
| Timeline |
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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 KEI Stock
KEI Industries financial ratios help investors to determine whether KEI 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 KEI with respect to the benefits of owning KEI Industries security.