Kapsch Traffic (Austria) Market Value
| KTCG Stock | EUR 6.12 0.02 0.33% |
| Symbol | Kapsch |
Kapsch Traffic '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 Kapsch Traffic'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 Kapsch Traffic.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Kapsch Traffic on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Kapsch Traffic or generate 0.0% return on investment in Kapsch Traffic over 60 days. Kapsch Traffic is related to or competes with Lenzing Aktiengesellscha, Vienna Insurance, Semperit Aktiengesellscha, EVN AG, and UNIQA Insurance. Kapsch TrafficCom AG provides technologies, solutions, and services for intelligent transportation systems More
Kapsch Traffic 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 Kapsch Traffic'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 Kapsch Traffic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 13.42 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.7 |
Kapsch Traffic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kapsch Traffic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kapsch Traffic's standard deviation. In reality, there are many statistical measures that can use Kapsch Traffic historical prices to predict the future Kapsch Traffic's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 3.32 |
Kapsch Traffic Backtested Returns
Kapsch Traffic has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Kapsch Traffic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kapsch Traffic's Standard Deviation of 1.93, risk adjusted performance of (0.14), and Mean Deviation of 1.3 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kapsch Traffic are expected to decrease at a much lower rate. During the bear market, Kapsch Traffic is likely to outperform the market. At this point, Kapsch Traffic has a negative expected return of -0.41%. Please make sure to verify Kapsch Traffic's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Kapsch Traffic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Kapsch Traffic has very good predictability. Overlapping area represents the amount of predictability between Kapsch Traffic time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Kapsch Traffic price movement. The serial correlation of 0.8 indicates that around 80.0% of current Kapsch Traffic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Kapsch Traffic lagged returns against current returns
Autocorrelation, which is Kapsch Traffic 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 Kapsch Traffic's stock expected returns. We can calculate the autocorrelation of Kapsch Traffic returns to help us make a trade decision. For example, suppose you find that Kapsch Traffic 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 |
Kapsch Traffic 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 Kapsch Traffic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kapsch Traffic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kapsch Traffic stock over time.
Current vs Lagged Prices |
| Timeline |
Kapsch Traffic Lagged Returns
When evaluating Kapsch Traffic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kapsch Traffic stock have on its future price. Kapsch Traffic 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, Kapsch Traffic autocorrelation shows the relationship between Kapsch Traffic stock current value and its past values and can show if there is a momentum factor associated with investing in Kapsch Traffic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kapsch Stock
Kapsch Traffic financial ratios help investors to determine whether Kapsch 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 Kapsch with respect to the benefits of owning Kapsch Traffic security.