Kodal Minerals (UK) Market Value
| KOD Stock | 0.42 0.01 2.44% |
| Symbol | Kodal |
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.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Kodal Minerals on December 21, 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 JB Hunt, Lindsell Train, Vitec Software, Gaztransport, Aptitude Software, and Coor Service. 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.
| Downside Deviation | 5.6 | |||
| Information Ratio | 0.0254 | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 9.76 |
Kodal Minerals Market Risk Indicators
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.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | 0.1576 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | 0.0222 | |||
| Treynor Ratio | (0.21) |
Kodal Minerals PLC Backtested Returns
At this point, Kodal Minerals is out of control. Kodal Minerals PLC has Sharpe Ratio of 0.0236, which conveys that the firm had a 0.0236 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kodal Minerals, which you can use to evaluate the volatility of the firm. Please verify Kodal Minerals' Downside Deviation of 5.6, risk adjusted performance of 0.0346, and Mean Deviation of 3.5 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Kodal Minerals has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.67, 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 4.8%. 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 | -0.43 |
Modest reverse predictability
Kodal Minerals PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Kodal Minerals time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 -0.43 indicates that just about 43.0% of current Kodal Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.02 | |
| 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.Other Information on Investing in Kodal Stock
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.