Kentima Holding (Sweden) Market Value
| KENH Stock | SEK 2.16 0.04 1.89% |
| Symbol | Kentima |
Kentima Holding '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 Kentima Holding'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 Kentima Holding.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Kentima Holding on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Kentima Holding publ or generate 0.0% return on investment in Kentima Holding over 90 days. Kentima Holding is related to or competes with Generic Sweden, Diadrom Holding, JLT Mobile, Avensia Publ, and Novotek AB. Kentima Holding AB develops, manufactures, and sells products for the automation and security sector More
Kentima Holding 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 Kentima Holding'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 Kentima Holding publ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.76 | |||
| Information Ratio | 0.0612 | |||
| Maximum Drawdown | 25.68 | |||
| Value At Risk | (6.40) | |||
| Potential Upside | 8.57 |
Kentima Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kentima Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kentima Holding's standard deviation. In reality, there are many statistical measures that can use Kentima Holding historical prices to predict the future Kentima Holding's volatility.| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | 0.4775 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0561 | |||
| Treynor Ratio | (0.46) |
Kentima Holding publ Backtested Returns
Kentima Holding appears to be dangerous, given 3 months investment horizon. Kentima Holding publ has Sharpe Ratio of 0.0897, which conveys that the firm had a 0.0897% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kentima Holding, which you can use to evaluate the volatility of the firm. Please exercise Kentima Holding's Risk Adjusted Performance of 0.0731, mean deviation of 3.11, and Downside Deviation of 4.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kentima Holding holds a performance score of 7. The company secures a Beta (Market Risk) of -0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kentima Holding are expected to decrease at a much lower rate. During the bear market, Kentima Holding is likely to outperform the market. Please check Kentima Holding's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Kentima Holding's current price movements will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Kentima Holding publ has modest reverse predictability. Overlapping area represents the amount of predictability between Kentima Holding time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Kentima Holding publ price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Kentima Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kentima Holding publ lagged returns against current returns
Autocorrelation, which is Kentima Holding 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 Kentima Holding's stock expected returns. We can calculate the autocorrelation of Kentima Holding returns to help us make a trade decision. For example, suppose you find that Kentima Holding 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 |
Kentima Holding 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 Kentima Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kentima Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kentima Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Kentima Holding Lagged Returns
When evaluating Kentima Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kentima Holding stock have on its future price. Kentima Holding 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, Kentima Holding autocorrelation shows the relationship between Kentima Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Kentima Holding publ.
Regressed Prices |
| Timeline |
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Additional Tools for Kentima Stock Analysis
When running Kentima Holding's price analysis, check to measure Kentima Holding'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 Kentima Holding is operating at the current time. Most of Kentima Holding's value examination focuses on studying past and present price action to predict the probability of Kentima Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kentima Holding's price. Additionally, you may evaluate how the addition of Kentima Holding to your portfolios can decrease your overall portfolio volatility.