King Resources Stock Market Value
| KRFG Stock | USD 0.0002 0.0001 33.33% |
| Symbol | King |
King Resources '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 King Resources' pink sheet 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 King Resources.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in King Resources on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding King Resources or generate 0.0% return on investment in King Resources over 390 days. King Resources is related to or competes with Polar Power, NeoVolta Common, Pioneer Power, AFC Energy, Expion360, FuelCell Energy, and Microvast Holdings. King Resources, Inc., through its subsidiary, Powertech Corporation Limited, engages in the development of smart power s... More
King Resources 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 King Resources' pink sheet 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 King Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.37 | |||
| Information Ratio | 0.1573 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
King Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King Resources' standard deviation. In reality, there are many statistical measures that can use King Resources historical prices to predict the future King Resources' volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 6.19 | |||
| Total Risk Alpha | 0.7801 | |||
| Sortino Ratio | 0.1207 | |||
| Treynor Ratio | 5.5 |
King Resources Backtested Returns
King Resources is out of control given 3 months investment horizon. King Resources has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 7.29% are justified by taking the suggested risk. Use King Resources Risk Adjusted Performance of 0.1262, downside deviation of 51.37, and Mean Deviation of 24.04 to evaluate company specific risk that cannot be diversified away. King Resources holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. King Resources returns are very sensitive to returns on the market. As the market goes up or down, King Resources is expected to follow. Use King Resources treynor ratio and the relationship between the downside variance and day median price , to analyze future returns on King Resources.
Auto-correlation | 0.18 |
Very weak predictability
King Resources has very weak predictability. Overlapping area represents the amount of predictability between King Resources time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 King Resources price movement. The serial correlation of 0.18 indicates that over 18.0% of current King Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
King Resources lagged returns against current returns
Autocorrelation, which is King Resources pink sheet'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 King Resources' pink sheet expected returns. We can calculate the autocorrelation of King Resources returns to help us make a trade decision. For example, suppose you find that King Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
King Resources 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 King Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
King Resources Lagged Returns
When evaluating King Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King Resources pink sheet have on its future price. King Resources 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, King Resources autocorrelation shows the relationship between King Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in King Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in King Pink Sheet
King Resources financial ratios help investors to determine whether King Pink Sheet 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 King with respect to the benefits of owning King Resources security.