ÖKOWORLD's market value is the price at which a share of ÖKOWORLD trades on a public exchange. It measures the collective expectations of KOWORLD AG investors about its performance. ÖKOWORLD is trading at 29.30 as of the 14th of January 2025. This is a 0.34 percent increase since the beginning of the trading day. The stock's lowest day price was 29.3. With this module, you can estimate the performance of a buy and hold strategy of KOWORLD AG and determine expected loss or profit from investing in ÖKOWORLD over a given investment horizon. Check out ÖKOWORLD Correlation, ÖKOWORLD Volatility and ÖKOWORLD Alpha and Beta module to complement your research on ÖKOWORLD.
Please note, there is a significant difference between ÖKOWORLD's value and its price as these two are different measures arrived at by different means. Investors typically determine if ÖKOWORLD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ÖKOWORLD's 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.
ÖKOWORLD '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 ÖKOWORLD'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 ÖKOWORLD.
0.00
12/15/2024
No Change 0.00
0.0
In 30 days
01/14/2025
0.00
If you would invest 0.00 in ÖKOWORLD on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding KOWORLD AG or generate 0.0% return on investment in ÖKOWORLD over 30 days. ÖKOWORLD is related to or competes with TRADEDOUBLER, Amkor Technology, NetSol Technologies, Agilent Technologies, Salesforce, and AAC TECHNOLOGHLDGADR. KOWORLD AG, together with its subsidiaries, provides solutions for wealth accumulation, retirement provision, and invest... More
ÖKOWORLD 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 ÖKOWORLD'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 KOWORLD AG 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 ÖKOWORLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ÖKOWORLD's standard deviation. In reality, there are many statistical measures that can use ÖKOWORLD historical prices to predict the future ÖKOWORLD's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ÖKOWORLD. Your research has to be compared to or analyzed against ÖKOWORLD's peers to derive any actionable benefits. When done correctly, ÖKOWORLD's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KOWORLD AG.
KOWORLD AG Backtested Returns
KOWORLD AG shows Sharpe Ratio of -0.0721, which attests that the company had a -0.0721% return per unit of risk over the last 3 months. KOWORLD AG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ÖKOWORLD's Variance of 4.08, standard deviation of 2.02, and Risk Adjusted Performance of (0.0004) to validate the risk estimate we provide. The firm maintains a market beta of 0.0495, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ÖKOWORLD's returns are expected to increase less than the market. However, during the bear market, the loss of holding ÖKOWORLD is expected to be smaller as well. At this point, KOWORLD AG has a negative expected return of -0.14%. Please make sure to check out ÖKOWORLD's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if KOWORLD AG performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.51
Good reverse predictability
KOWORLD AG has good reverse predictability. Overlapping area represents the amount of predictability between ÖKOWORLD time series from 15th of December 2024 to 30th of December 2024 and 30th of December 2024 to 14th 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 KOWORLD AG price movement. The serial correlation of -0.51 indicates that about 51.0% of current ÖKOWORLD price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.33
KOWORLD AG lagged returns against current returns
Autocorrelation, which is ÖKOWORLD 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 ÖKOWORLD's stock expected returns. We can calculate the autocorrelation of ÖKOWORLD returns to help us make a trade decision. For example, suppose you find that ÖKOWORLD 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
ÖKOWORLD 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 ÖKOWORLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ÖKOWORLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ÖKOWORLD stock over time.
Current vs Lagged Prices
Timeline
ÖKOWORLD Lagged Returns
When evaluating ÖKOWORLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ÖKOWORLD stock have on its future price. ÖKOWORLD 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, ÖKOWORLD autocorrelation shows the relationship between ÖKOWORLD stock current value and its past values and can show if there is a momentum factor associated with investing in KOWORLD AG.
ÖKOWORLD financial ratios help investors to determine whether ÖKOWORLD 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 ÖKOWORLD with respect to the benefits of owning ÖKOWORLD security.