Knights Group's market value is the price at which a share of Knights Group trades on a public exchange. It measures the collective expectations of Knights Group Holdings investors about its performance. Knights Group is trading at 121.00 as of the 8th of January 2025, a 1.26 percent increase since the beginning of the trading day. The stock's lowest day price was 116.5. With this module, you can estimate the performance of a buy and hold strategy of Knights Group Holdings and determine expected loss or profit from investing in Knights Group over a given investment horizon. Check out Knights Group Correlation, Knights Group Volatility and Knights Group Alpha and Beta module to complement your research on Knights Group.
Please note, there is a significant difference between Knights Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knights Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knights Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Knights Group '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 Knights Group'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 Knights Group.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Knights Group'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 Knights Group Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knights Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knights Group's standard deviation. In reality, there are many statistical measures that can use Knights Group historical prices to predict the future Knights Group's volatility.
Knights Group Holdings has Sharpe Ratio of -0.0214, which conveys that the firm had a -0.0214% return per unit of risk over the last 3 months. Knights Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Knights Group's Risk Adjusted Performance of 9.0E-4, mean deviation of 2.15, and Standard Deviation of 3.01 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Knights Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Knights Group is expected to be smaller as well. At this point, Knights Group Holdings has a negative expected return of -0.0653%. Please make sure to verify Knights Group's jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and kurtosis , to decide if Knights Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.44
Modest reverse predictability
Knights Group Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Knights Group time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Knights Group Holdings price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Knights Group price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.44
Spearman Rank Test
-0.13
Residual Average
0.0
Price Variance
113.04
Knights Group Holdings lagged returns against current returns
Autocorrelation, which is Knights Group 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 Knights Group's stock expected returns. We can calculate the autocorrelation of Knights Group returns to help us make a trade decision. For example, suppose you find that Knights Group 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
Knights Group 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 Knights Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knights Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knights Group stock over time.
Current vs Lagged Prices
Timeline
Knights Group Lagged Returns
When evaluating Knights Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knights Group stock have on its future price. Knights Group 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, Knights Group autocorrelation shows the relationship between Knights Group stock current value and its past values and can show if there is a momentum factor associated with investing in Knights Group Holdings.
Regressed Prices
Timeline
Also Currently Popular
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.
Knights Group financial ratios help investors to determine whether Knights 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 Knights with respect to the benefits of owning Knights Group security.