Kodal Minerals' market value is the price at which a share of Kodal Minerals trades on a public exchange. It measures the collective expectations of Kodal Minerals PLC investors about its performance. Kodal Minerals is trading at 0.45 as of the 7th of January 2025, a 4.65 percent increase since the beginning of the trading day. The stock's lowest day price was 0.44. With this module, you can estimate the performance of a buy and hold strategy of Kodal Minerals PLC and determine expected loss or profit from investing in Kodal Minerals over a given investment horizon. Check out Kodal Minerals Correlation, Kodal Minerals Volatility and Kodal Minerals Alpha and Beta module to complement your research on Kodal Minerals.
Please note, there is a significant difference between Kodal Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kodal Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kodal Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Kodal Minerals '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 Kodal Minerals' 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 Kodal Minerals.
0.00
12/08/2024
No Change 0.00
0.0
In 30 days
01/07/2025
0.00
If you would invest 0.00 in Kodal Minerals on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Kodal Minerals PLC or generate 0.0% return on investment in Kodal Minerals over 30 days. Kodal Minerals is related to or competes with One Media, Summit Materials, XLMedia PLC, Golden Metal, Hollywood Bowl, Silvercorp Metals, and Fulcrum Metals. Kodal Minerals is entity of United Kingdom More
Kodal Minerals 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 Kodal Minerals' 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 Kodal Minerals PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kodal Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kodal Minerals' standard deviation. In reality, there are many statistical measures that can use Kodal Minerals historical prices to predict the future Kodal Minerals' volatility.
At this point, Kodal Minerals is out of control. Kodal Minerals PLC has Sharpe Ratio of 0.0389, which conveys that the firm had a 0.0389% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kodal Minerals, which you can use to evaluate the volatility of the firm. Please verify Kodal Minerals' Risk Adjusted Performance of 0.0334, downside deviation of 5.59, and Mean Deviation of 3.49 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Kodal Minerals has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kodal Minerals are expected to decrease at a much lower rate. During the bear market, Kodal Minerals is likely to outperform the market. Kodal Minerals PLC right now secures a risk of 4.84%. Please verify Kodal Minerals PLC total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Kodal Minerals PLC will be following its current price movements.
Auto-correlation
0.32
Below average predictability
Kodal Minerals PLC has below average predictability. Overlapping area represents the amount of predictability between Kodal Minerals time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Kodal Minerals PLC price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Kodal Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.32
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
0.0
Kodal Minerals PLC lagged returns against current returns
Autocorrelation, which is Kodal Minerals 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 Kodal Minerals' stock expected returns. We can calculate the autocorrelation of Kodal Minerals returns to help us make a trade decision. For example, suppose you find that Kodal Minerals 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
Kodal Minerals 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 Kodal Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kodal Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kodal Minerals stock over time.
Current vs Lagged Prices
Timeline
Kodal Minerals Lagged Returns
When evaluating Kodal Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kodal Minerals stock have on its future price. Kodal Minerals 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, Kodal Minerals autocorrelation shows the relationship between Kodal Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Kodal Minerals PLC.
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.
Kodal Minerals financial ratios help investors to determine whether Kodal 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 Kodal with respect to the benefits of owning Kodal Minerals security.