Kitron ASA (Norway) Market Value
| KIT Stock | NOK 46.24 1.24 2.76% |
| Symbol | Kitron |
Kitron ASA '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 Kitron ASA'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 Kitron ASA.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Kitron ASA on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Kitron ASA or generate 0.0% return on investment in Kitron ASA over 90 days. Kitron ASA is related to or competes with Europris ASA, Kongsberg Gruppen, Nordic Semiconductor, Storebrand ASA, and Lery Seafood. Kitron ASA, an electronic manufacturing services company, together with its subsidiaries, develops, industrializes, and ... More
Kitron ASA 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 Kitron ASA'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 Kitron ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.2702 | |||
| Maximum Drawdown | 13.7 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 5.21 |
Kitron ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kitron ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kitron ASA's standard deviation. In reality, there are many statistical measures that can use Kitron ASA historical prices to predict the future Kitron ASA's volatility.| Risk Adjusted Performance | 0.2056 | |||
| Jensen Alpha | 0.5405 | |||
| Total Risk Alpha | 0.8386 | |||
| Sortino Ratio | 0.3932 | |||
| Treynor Ratio | 29.42 |
Kitron ASA Backtested Returns
Kitron ASA appears to be very steady, given 3 months investment horizon. Kitron ASA has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25 % return per unit of risk over the last 3 months. By analyzing Kitron ASA's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please exercise Kitron ASA's Downside Deviation of 1.65, risk adjusted performance of 0.2056, and Mean Deviation of 1.81 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kitron ASA holds a performance score of 19. The company secures a Beta (Market Risk) of 0.0183, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kitron ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kitron ASA is expected to be smaller as well. Please check Kitron ASA's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Kitron ASA's current price movements will revert.
Auto-correlation | 0.71 |
Good predictability
Kitron ASA has good predictability. Overlapping area represents the amount of predictability between Kitron ASA time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Kitron ASA price movement. The serial correlation of 0.71 indicates that around 71.0% of current Kitron ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 6.98 |
Kitron ASA lagged returns against current returns
Autocorrelation, which is Kitron ASA 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 Kitron ASA's stock expected returns. We can calculate the autocorrelation of Kitron ASA returns to help us make a trade decision. For example, suppose you find that Kitron ASA 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 |
Kitron ASA 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 Kitron ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kitron ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kitron ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Kitron ASA Lagged Returns
When evaluating Kitron ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kitron ASA stock have on its future price. Kitron ASA 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, Kitron ASA autocorrelation shows the relationship between Kitron ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Kitron ASA.
Regressed Prices |
| Timeline |
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Kitron ASA financial ratios help investors to determine whether Kitron 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 Kitron with respect to the benefits of owning Kitron ASA security.