Kingfisher PLC (UK) Market Value
| KGF Stock | 257.70 0.40 0.15% |
| Symbol | Kingfisher |
Kingfisher PLC '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 Kingfisher PLC'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 Kingfisher PLC.
| 07/21/2023 |
| 12/12/2024 |
If you would invest 0.00 in Kingfisher PLC on July 21, 2023 and sell it all today you would earn a total of 0.00 from holding Kingfisher PLC or generate 0.0% return on investment in Kingfisher PLC over 510 days. Kingfisher PLC is related to or competes with Lowland Investment, Aurora Investment, Sabien Technology, Ashtead Technology, Pfeiffer Vacuum, Taylor Maritime, and FC Investment. Kingfisher PLC is entity of United Kingdom More
Kingfisher PLC 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 Kingfisher PLC'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 Kingfisher PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 24.49 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.09 |
Kingfisher PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingfisher PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingfisher PLC's standard deviation. In reality, there are many statistical measures that can use Kingfisher PLC historical prices to predict the future Kingfisher PLC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.1649 |
Kingfisher PLC Backtested Returns
Kingfisher PLC has Sharpe Ratio of -0.0402, which conveys that the firm had a -0.0402% return per unit of risk over the last 3 months. Kingfisher PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kingfisher PLC's Standard Deviation of 2.5, mean deviation of 1.27, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kingfisher PLC are expected to decrease at a much lower rate. During the bear market, Kingfisher PLC is likely to outperform the market. At this point, Kingfisher PLC has a negative expected return of -0.1%. Please make sure to verify Kingfisher PLC's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Kingfisher PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Kingfisher PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kingfisher PLC time series from 21st of July 2023 to 1st of April 2024 and 1st of April 2024 to 12th 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 Kingfisher PLC price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Kingfisher PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 669.6 |
Kingfisher PLC lagged returns against current returns
Autocorrelation, which is Kingfisher PLC 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 Kingfisher PLC's stock expected returns. We can calculate the autocorrelation of Kingfisher PLC returns to help us make a trade decision. For example, suppose you find that Kingfisher PLC 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 |
Kingfisher PLC 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 Kingfisher PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingfisher PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingfisher PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Kingfisher PLC Lagged Returns
When evaluating Kingfisher PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingfisher PLC stock have on its future price. Kingfisher PLC 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, Kingfisher PLC autocorrelation shows the relationship between Kingfisher PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Kingfisher PLC.
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 Kingfisher Stock
Kingfisher PLC financial ratios help investors to determine whether Kingfisher 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 Kingfisher with respect to the benefits of owning Kingfisher PLC security.