KOBE STEEL (Germany) Market Value
| KST Stock | EUR 11.51 0.13 1.12% |
| Symbol | KOBE |
KOBE STEEL '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 KOBE STEEL'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 KOBE STEEL.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in KOBE STEEL on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding KOBE STEEL LTD or generate 0.0% return on investment in KOBE STEEL over 90 days. KOBE STEEL is related to or competes with Major Drilling, DELTA AIR, Ryanair Holdings, MAG SILVER, SHELF DRILLING, LAir Liquide, and GOLDQUEST MINING. More
KOBE STEEL 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 KOBE STEEL'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 KOBE STEEL LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.2384 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 5.08 |
KOBE STEEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KOBE STEEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KOBE STEEL's standard deviation. In reality, there are many statistical measures that can use KOBE STEEL historical prices to predict the future KOBE STEEL's volatility.| Risk Adjusted Performance | 0.1809 | |||
| Jensen Alpha | 0.4901 | |||
| Total Risk Alpha | 0.6671 | |||
| Sortino Ratio | 0.2326 | |||
| Treynor Ratio | 0.6406 |
KOBE STEEL LTD Backtested Returns
KOBE STEEL appears to be not too volatile, given 3 months investment horizon. KOBE STEEL LTD retains Efficiency (Sharpe Ratio) of 0.2, which conveys that the firm had a 0.2 % return per unit of return volatility over the last 3 months. We have found thirty technical indicators for KOBE STEEL, which you can use to evaluate the volatility of the firm. Please exercise KOBE STEEL's Downside Deviation of 2.25, mean deviation of 1.56, and Market Risk Adjusted Performance of 0.6506 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KOBE STEEL holds a performance score of 15. The company owns a Beta (Systematic Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KOBE STEEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding KOBE STEEL is expected to be smaller as well. Please check KOBE STEEL's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether KOBE STEEL's current price history will revert.
Auto-correlation | 0.76 |
Good predictability
KOBE STEEL LTD has good predictability. Overlapping area represents the amount of predictability between KOBE STEEL time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 KOBE STEEL LTD price movement. The serial correlation of 0.76 indicates that around 76.0% of current KOBE STEEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
KOBE STEEL LTD lagged returns against current returns
Autocorrelation, which is KOBE STEEL 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 KOBE STEEL's stock expected returns. We can calculate the autocorrelation of KOBE STEEL returns to help us make a trade decision. For example, suppose you find that KOBE STEEL 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 |
KOBE STEEL 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 KOBE STEEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KOBE STEEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KOBE STEEL stock over time.
Current vs Lagged Prices |
| Timeline |
KOBE STEEL Lagged Returns
When evaluating KOBE STEEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KOBE STEEL stock have on its future price. KOBE STEEL 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, KOBE STEEL autocorrelation shows the relationship between KOBE STEEL stock current value and its past values and can show if there is a momentum factor associated with investing in KOBE STEEL LTD.
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 KOBE Stock
KOBE STEEL financial ratios help investors to determine whether KOBE 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 KOBE with respect to the benefits of owning KOBE STEEL security.