Kingfisher Plc Adr Stock Market Value
| KGFHY Stock | USD 6.29 0.01 0.16% |
| 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 otc 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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kingfisher PLC on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kingfisher PLC ADR or generate 0.0% return on investment in Kingfisher PLC over 30 days. Kingfisher PLC is related to or competes with Alsea SAB, Marstons PLC, and Marstons PLC. Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United ... 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 otc 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 23.04 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.83 |
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 | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (27.09) |
Kingfisher PLC ADR Backtested Returns
Kingfisher PLC ADR has Sharpe Ratio of -0.0878, which conveys that the firm had a -0.0878% 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 Mean Deviation of 1.44, risk adjusted performance of (0.06), and Standard Deviation of 2.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0089, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kingfisher PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kingfisher PLC is expected to be smaller as well. At this point, Kingfisher PLC ADR has a negative expected return of -0.22%. Please make sure to verify Kingfisher PLC's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Kingfisher PLC ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Kingfisher PLC ADR has good predictability. Overlapping area represents the amount of predictability between Kingfisher PLC time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 ADR price movement. The serial correlation of 0.71 indicates that around 71.0% of current Kingfisher PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Kingfisher PLC ADR lagged returns against current returns
Autocorrelation, which is Kingfisher PLC otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingfisher PLC otc 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 otc 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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Kingfisher PLC ADR.
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 Kingfisher OTC Stock Analysis
When running Kingfisher PLC's price analysis, check to measure Kingfisher PLC'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 Kingfisher PLC is operating at the current time. Most of Kingfisher PLC's value examination focuses on studying past and present price action to predict the probability of Kingfisher PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingfisher PLC's price. Additionally, you may evaluate how the addition of Kingfisher PLC to your portfolios can decrease your overall portfolio volatility.