KION Group (Germany) Market Value
| KGX Stock | EUR 31.40 0.11 0.35% |
| Symbol | KION |
KION 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 KION 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 KION Group.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in KION Group on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding KION Group AG or generate 0.0% return on investment in KION Group over 180 days. KION Group is related to or competes with Methode Electronics, STMICROELECTRONICS, TT Electronics, Benchmark Electronics, and Meiko Electronics. KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide More
KION Group 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 KION 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 KION Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.69 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.32 |
KION Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KION Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KION Group's standard deviation. In reality, there are many statistical measures that can use KION Group historical prices to predict the future KION Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.474 |
KION Group AG Backtested Returns
KION Group AG has Sharpe Ratio of -0.0701, which conveys that the firm had a -0.0701% return per unit of volatility over the last 3 months. KION Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KION Group's risk adjusted performance of (0.02), and Mean Deviation of 1.89 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KION Group are expected to decrease at a much lower rate. During the bear market, KION Group is likely to outperform the market. At this point, KION Group AG has a negative expected return of -0.16%. Please make sure to verify KION Group's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if KION Group AG performance from the past will be repeated at future time.
Auto-correlation | 0.32 |
Below average predictability
KION Group AG has below average predictability. Overlapping area represents the amount of predictability between KION Group time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 KION Group AG price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current KION Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
KION Group AG lagged returns against current returns
Autocorrelation, which is KION 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 KION Group's stock expected returns. We can calculate the autocorrelation of KION Group returns to help us make a trade decision. For example, suppose you find that KION 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 |
KION 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 KION Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KION Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KION Group stock over time.
Current vs Lagged Prices |
| Timeline |
KION Group Lagged Returns
When evaluating KION Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KION Group stock have on its future price. KION 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, KION Group autocorrelation shows the relationship between KION Group stock current value and its past values and can show if there is a momentum factor associated with investing in KION Group AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KION Stock
KION Group financial ratios help investors to determine whether KION 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 KION with respect to the benefits of owning KION Group security.