KION Group's market value is the price at which a share of KION Group trades on a public exchange. It measures the collective expectations of KION Group AG investors about its performance. KION Group is trading at 32.55 as of the 14th of January 2025. This is a 2.16 percent decrease since the beginning of the trading day. The stock's lowest day price was 31.94. With this module, you can estimate the performance of a buy and hold strategy of KION Group AG and determine expected loss or profit from investing in KION Group over a given investment horizon. Check out KION Group Correlation, KION Group Volatility and KION Group Alpha and Beta module to complement your research on KION Group.
Please note, there is a significant difference between KION Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if KION Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KION 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.
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.
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12/15/2024
No Change 0.00
0.0
In 30 days
01/14/2025
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If you would invest 0.00 in KION Group on December 15, 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 30 days. KION Group is related to or competes with AB Volvo, Hyster-Yale Materials, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. 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.
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.
KION Group AG has Sharpe Ratio of -0.0443, which conveys that the firm had a -0.0443% 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 (0.03), and Mean Deviation of 1.85 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, KION Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding KION Group is expected to be smaller as well. At this point, KION Group AG has a negative expected return of -0.11%. 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
-0.39
Poor reverse predictability
KION Group AG has poor reverse predictability. Overlapping area represents the amount of predictability between KION Group time series from 15th of December 2024 to 30th of December 2024 and 30th of December 2024 to 14th 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 KION Group AG price movement. The serial correlation of -0.39 indicates that just about 39.0% of current KION Group price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.39
Spearman Rank Test
0.19
Residual Average
0.0
Price Variance
1.46
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.
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.