KONE Oyj (Finland) Market Value
| KNEBV Stock | EUR 53.54 0.30 0.56% |
| Symbol | KONE |
KONE Oyj '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 KONE Oyj'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 KONE Oyj.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in KONE Oyj on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding KONE Oyj or generate 0.0% return on investment in KONE Oyj over 90 days. KONE Oyj is related to or competes with Sampo Oyj, Fortum Oyj, UPM Kymmene, Neste Oil, and Nordea Bank. KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business More
KONE Oyj 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 KONE Oyj'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 KONE Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.2105 | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.15 |
KONE Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KONE Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KONE Oyj's standard deviation. In reality, there are many statistical measures that can use KONE Oyj historical prices to predict the future KONE Oyj's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.1384 | |||
| Total Risk Alpha | 0.3081 | |||
| Sortino Ratio | 0.2446 | |||
| Treynor Ratio | (1.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KONE Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KONE Oyj Backtested Returns
KONE Oyj appears to be very steady, given 3 months investment horizon. KONE Oyj has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for KONE Oyj, which you can use to evaluate the volatility of the firm. Please exercise KONE Oyj's mean deviation of 1.0, and Risk Adjusted Performance of 0.1169 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KONE Oyj holds a performance score of 16. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KONE Oyj are expected to decrease at a much lower rate. During the bear market, KONE Oyj is likely to outperform the market. Please check KONE Oyj's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether KONE Oyj's current price movements will revert.
Auto-correlation | 0.26 |
Poor predictability
KONE Oyj has poor predictability. Overlapping area represents the amount of predictability between KONE Oyj time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 KONE Oyj price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current KONE Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 5.05 |
KONE Oyj lagged returns against current returns
Autocorrelation, which is KONE Oyj 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 KONE Oyj's stock expected returns. We can calculate the autocorrelation of KONE Oyj returns to help us make a trade decision. For example, suppose you find that KONE Oyj 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 |
KONE Oyj 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 KONE Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KONE Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KONE Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
KONE Oyj Lagged Returns
When evaluating KONE Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KONE Oyj stock have on its future price. KONE Oyj 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, KONE Oyj autocorrelation shows the relationship between KONE Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in KONE Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in KONE Stock
KONE Oyj financial ratios help investors to determine whether KONE 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 KONE with respect to the benefits of owning KONE Oyj security.