Kumba Iron Ore Stock Market Value

KIROY Stock  USD 6.57  0.02  0.31%   
Kumba Iron's market value is the price at which a share of Kumba Iron trades on a public exchange. It measures the collective expectations of Kumba Iron Ore investors about its performance. Kumba Iron is trading at 6.57 as of the 10th of December 2024; that is 0.31 percent up since the beginning of the trading day. The stock's open price was 6.55.
With this module, you can estimate the performance of a buy and hold strategy of Kumba Iron Ore and determine expected loss or profit from investing in Kumba Iron over a given investment horizon. Check out Kumba Iron Correlation, Kumba Iron Volatility and Kumba Iron Alpha and Beta module to complement your research on Kumba Iron.
Symbol

Please note, there is a significant difference between Kumba Iron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kumba Iron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kumba Iron'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.

Kumba Iron '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 Kumba Iron's pink sheet 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 Kumba Iron.
0.00
12/16/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/10/2024
0.00
If you would invest  0.00  in Kumba Iron on December 16, 2023 and sell it all today you would earn a total of 0.00 from holding Kumba Iron Ore or generate 0.0% return on investment in Kumba Iron over 360 days. Kumba Iron is related to or competes with Labrador Iron, Fortescue Metals, Fortescue Metals, Anhui Conch, and Persimmon Plc. Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing... More

Kumba Iron 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 Kumba Iron's pink sheet 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 Kumba Iron Ore upside and downside potential and time the market with a certain degree of confidence.

Kumba Iron Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kumba Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kumba Iron's standard deviation. In reality, there are many statistical measures that can use Kumba Iron historical prices to predict the future Kumba Iron's volatility.
Hype
Prediction
LowEstimatedHigh
4.056.579.09
Details
Intrinsic
Valuation
LowRealHigh
3.165.688.20
Details
Naive
Forecast
LowNextHigh
4.146.669.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.046.366.67
Details

Kumba Iron Ore Backtested Returns

At this stage we consider Kumba Pink Sheet to be slightly risky. Kumba Iron Ore has Sharpe Ratio of 0.049, which conveys that the firm had a 0.049% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kumba Iron, which you can use to evaluate the volatility of the firm. Please verify Kumba Iron's Mean Deviation of 1.9, downside deviation of 2.78, and Risk Adjusted Performance of 0.0479 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Kumba Iron has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kumba Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kumba Iron is expected to be smaller as well. Kumba Iron Ore right now secures a risk of 2.52%. Please verify Kumba Iron Ore maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Kumba Iron Ore will be following its current price movements.

Auto-correlation

    
  0.48  

Average predictability

Kumba Iron Ore has average predictability. Overlapping area represents the amount of predictability between Kumba Iron time series from 16th of December 2023 to 13th of June 2024 and 13th of June 2024 to 10th 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 Kumba Iron Ore price movement. The serial correlation of 0.48 indicates that about 48.0% of current Kumba Iron price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.34

Kumba Iron Ore lagged returns against current returns

Autocorrelation, which is Kumba Iron pink sheet'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 Kumba Iron's pink sheet expected returns. We can calculate the autocorrelation of Kumba Iron returns to help us make a trade decision. For example, suppose you find that Kumba Iron has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Kumba Iron 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 Kumba Iron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kumba Iron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kumba Iron pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Kumba Iron Lagged Returns

When evaluating Kumba Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kumba Iron pink sheet have on its future price. Kumba Iron 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, Kumba Iron autocorrelation shows the relationship between Kumba Iron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kumba Iron Ore.
   Regressed Prices   
       Timeline  

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Additional Tools for Kumba Pink Sheet Analysis

When running Kumba Iron's price analysis, check to measure Kumba Iron'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 Kumba Iron is operating at the current time. Most of Kumba Iron's value examination focuses on studying past and present price action to predict the probability of Kumba Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kumba Iron's price. Additionally, you may evaluate how the addition of Kumba Iron to your portfolios can decrease your overall portfolio volatility.