Kewal Kiran (India) Market Value
| KKCL Stock | 622.95 5.20 0.84% |
| Symbol | Kewal |
Kewal Kiran '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 Kewal Kiran'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 Kewal Kiran.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kewal Kiran on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kewal Kiran Clothing or generate 0.0% return on investment in Kewal Kiran over 30 days. Kewal Kiran is related to or competes with Kingfa Science, GTL, Indo Amines, Exide Industries, Delta Manufacturing, EID Parry, and Lakshmi Precision. Kewal Kiran is entity of India. It is traded as Stock on NSE exchange. More
Kewal Kiran 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 Kewal Kiran'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 Kewal Kiran Clothing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.55 |
Kewal Kiran Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kewal Kiran's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kewal Kiran's standard deviation. In reality, there are many statistical measures that can use Kewal Kiran historical prices to predict the future Kewal Kiran's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0051 |
Kewal Kiran Clothing Backtested Returns
Currently, Kewal Kiran Clothing is very steady. Kewal Kiran Clothing has Sharpe Ratio of 0.003, which conveys that the firm had a 0.003% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kewal Kiran, which you can use to evaluate the volatility of the firm. Please verify Kewal Kiran's Risk Adjusted Performance of 0.011, mean deviation of 1.14, and Downside Deviation of 1.45 to check out if the risk estimate we provide is consistent with the expected return of 0.0047%. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kewal Kiran's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kewal Kiran is expected to be smaller as well. Kewal Kiran Clothing right now secures a risk of 1.55%. Please verify Kewal Kiran Clothing treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Kewal Kiran Clothing will be following its current price movements.
Auto-correlation | -0.6 |
Good reverse predictability
Kewal Kiran Clothing has good reverse predictability. Overlapping area represents the amount of predictability between Kewal Kiran time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Kewal Kiran Clothing price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Kewal Kiran price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 56.66 |
Kewal Kiran Clothing lagged returns against current returns
Autocorrelation, which is Kewal Kiran 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 Kewal Kiran's stock expected returns. We can calculate the autocorrelation of Kewal Kiran returns to help us make a trade decision. For example, suppose you find that Kewal Kiran 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 |
Kewal Kiran 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 Kewal Kiran stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kewal Kiran stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kewal Kiran stock over time.
Current vs Lagged Prices |
| Timeline |
Kewal Kiran Lagged Returns
When evaluating Kewal Kiran's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kewal Kiran stock have on its future price. Kewal Kiran 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, Kewal Kiran autocorrelation shows the relationship between Kewal Kiran stock current value and its past values and can show if there is a momentum factor associated with investing in Kewal Kiran Clothing.
Regressed Prices |
| Timeline |
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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.Additional Tools for Kewal Stock Analysis
When running Kewal Kiran's price analysis, check to measure Kewal Kiran'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 Kewal Kiran is operating at the current time. Most of Kewal Kiran's value examination focuses on studying past and present price action to predict the probability of Kewal Kiran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kewal Kiran's price. Additionally, you may evaluate how the addition of Kewal Kiran to your portfolios can decrease your overall portfolio volatility.