Kongsberg Automotive (Norway) Market Value
| KOA Stock | NOK 1.48 0.01 0.68% |
| Symbol | Kongsberg |
Kongsberg Automotive '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 Kongsberg Automotive'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 Kongsberg Automotive.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Kongsberg Automotive on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Kongsberg Automotive Holding or generate 0.0% return on investment in Kongsberg Automotive over 90 days. Kongsberg Automotive is related to or competes with Zaptec AS, and Norwegian Air. Kongsberg Automotive ASA engages in the development, manufacture, and sale of products to the automotive industry worldw... More
Kongsberg Automotive 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 Kongsberg Automotive'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 Kongsberg Automotive Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 22.46 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.86 |
Kongsberg Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kongsberg Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kongsberg Automotive's standard deviation. In reality, there are many statistical measures that can use Kongsberg Automotive historical prices to predict the future Kongsberg Automotive's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.3562 | |||
| Treynor Ratio | (0.18) |
Kongsberg Automotive Backtested Returns
Kongsberg Automotive has Sharpe Ratio of -0.0459, which conveys that the firm had a -0.0459 % return per unit of risk over the last 3 months. Kongsberg Automotive exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kongsberg Automotive's insignificant Risk Adjusted Performance, mean deviation of 2.02, and Standard Deviation of 3.17 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kongsberg Automotive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kongsberg Automotive is expected to be smaller as well. At this point, Kongsberg Automotive has a negative expected return of -0.15%. Please make sure to verify Kongsberg Automotive's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Kongsberg Automotive performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Kongsberg Automotive Holding has poor predictability. Overlapping area represents the amount of predictability between Kongsberg Automotive 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 Kongsberg Automotive price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Kongsberg Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kongsberg Automotive lagged returns against current returns
Autocorrelation, which is Kongsberg Automotive 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 Kongsberg Automotive's stock expected returns. We can calculate the autocorrelation of Kongsberg Automotive returns to help us make a trade decision. For example, suppose you find that Kongsberg Automotive 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 |
Kongsberg Automotive 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 Kongsberg Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kongsberg Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kongsberg Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Kongsberg Automotive Lagged Returns
When evaluating Kongsberg Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kongsberg Automotive stock have on its future price. Kongsberg Automotive 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, Kongsberg Automotive autocorrelation shows the relationship between Kongsberg Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Kongsberg Automotive Holding.
Regressed Prices |
| Timeline |
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Kongsberg Automotive financial ratios help investors to determine whether Kongsberg 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 Kongsberg with respect to the benefits of owning Kongsberg Automotive security.