Kongsberg Automotive (Norway) Market Value
| KOA Stock | NOK 1.43 0.05 3.62% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kongsberg Automotive on October 30, 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 30 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.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 25.5 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.26 |
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 | 0.0327 | |||
| Jensen Alpha | 0.0331 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1661 |
Kongsberg Automotive Backtested Returns
As of now, Kongsberg Stock is dangerous. Kongsberg Automotive has Sharpe Ratio of 0.0328, which conveys that the firm had a 0.0328% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kongsberg Automotive, which you can use to evaluate the volatility of the firm. Please verify Kongsberg Automotive's Downside Deviation of 3.18, risk adjusted performance of 0.0327, and Mean Deviation of 2.33 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Kongsberg Automotive has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. 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. Kongsberg Automotive right now secures a risk of 3.71%. Please verify Kongsberg Automotive Holding total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Kongsberg Automotive Holding will be following its current price movements.
Auto-correlation | -0.36 |
Poor reverse predictability
Kongsberg Automotive Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Kongsberg Automotive 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 Kongsberg Automotive price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Kongsberg Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.3 | |
| 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.