Kempower Oyj (Finland) Market Value
| KEMPOWR Stock | 9.14 0.18 1.93% |
| Symbol | Kempower |
Kempower Oyj '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 Kempower Oyj'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 Kempower Oyj.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Kempower Oyj on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Kempower Oyj or generate 0.0% return on investment in Kempower Oyj over 480 days. Kempower Oyj is related to or competes with Alandsbanken Abp, QPR Software, Detection Technology, and SSH Communications. More
Kempower Oyj 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 Kempower Oyj'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 Kempower Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.51 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 4.21 |
Kempower Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kempower Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kempower Oyj's standard deviation. In reality, there are many statistical measures that can use Kempower Oyj historical prices to predict the future Kempower Oyj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (1.34) |
Kempower Oyj Backtested Returns
Kempower Oyj has Sharpe Ratio of -0.0474, which conveys that the firm had a -0.0474% return per unit of risk over the last 3 months. Kempower Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kempower Oyj's Standard Deviation of 2.56, mean deviation of 1.93, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0998, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kempower Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kempower Oyj is expected to be smaller as well. At this point, Kempower Oyj has a negative expected return of -0.12%. Please make sure to verify Kempower Oyj's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Kempower Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Kempower Oyj has very good predictability. Overlapping area represents the amount of predictability between Kempower Oyj time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Kempower Oyj price movement. The serial correlation of 0.82 indicates that around 82.0% of current Kempower Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 29.48 |
Kempower Oyj lagged returns against current returns
Autocorrelation, which is Kempower Oyj 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 Kempower Oyj's stock expected returns. We can calculate the autocorrelation of Kempower Oyj returns to help us make a trade decision. For example, suppose you find that Kempower Oyj 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 |
Kempower Oyj 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 Kempower Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kempower Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kempower Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Kempower Oyj Lagged Returns
When evaluating Kempower Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kempower Oyj stock have on its future price. Kempower Oyj 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, Kempower Oyj autocorrelation shows the relationship between Kempower Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Kempower Oyj.
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.Additional Tools for Kempower Stock Analysis
When running Kempower Oyj's price analysis, check to measure Kempower Oyj'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 Kempower Oyj is operating at the current time. Most of Kempower Oyj's value examination focuses on studying past and present price action to predict the probability of Kempower Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kempower Oyj's price. Additionally, you may evaluate how the addition of Kempower Oyj to your portfolios can decrease your overall portfolio volatility.