KOWORLD AG (Germany) Market Value
| VVV3 Stock | EUR 28.60 0.40 1.42% |
| Symbol | KOWORLD |
KOWORLD AG '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 KOWORLD AG'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 KOWORLD AG.
| 10/27/2024 |
| 12/26/2024 |
If you would invest 0.00 in KOWORLD AG on October 27, 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 KOWORLD AG over 60 days. KOWORLD AG is related to or competes with Marsh McLennan, Aon PLC, Arthur J, Willis Towers, Steadfast Group, CRAWFORD A, and KOWORLD AG. KOWORLD AG, together with its subsidiaries, provides solutions for wealth accumulation, retirement provision, and invest... More
KOWORLD AG 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 KOWORLD AG'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.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0228 | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.52 |
KOWORLD AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KOWORLD AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KOWORLD AG's standard deviation. In reality, there are many statistical measures that can use KOWORLD AG historical prices to predict the future KOWORLD AG's volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.0591 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | 0.1278 |
KOWORLD AG Backtested Returns
At this point, KOWORLD AG is very steady. KOWORLD AG has Sharpe Ratio of 0.0019, which conveys that the firm had a 0.0019% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for KOWORLD AG, which you can use to evaluate the volatility of the firm. Please verify KOWORLD AG's Risk Adjusted Performance of 0.0418, market risk adjusted performance of 0.1378, and Mean Deviation of 1.43 to check out if the risk estimate we provide is consistent with the expected return of 0.004%. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KOWORLD AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding KOWORLD AG is expected to be smaller as well. KOWORLD AG presently secures a risk of 2.03%. Please verify KOWORLD AG potential upside, semi variance, and the relationship between the value at risk and downside variance , to decide if KOWORLD AG will be following its current price movements.
Auto-correlation | -0.17 |
Insignificant reverse predictability
KOWORLD AG has insignificant reverse predictability. Overlapping area represents the amount of predictability between KOWORLD AG time series from 27th of October 2024 to 26th of November 2024 and 26th of November 2024 to 26th 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 KOWORLD AG price movement. The serial correlation of -0.17 indicates that over 17.0% of current KOWORLD AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
KOWORLD AG lagged returns against current returns
Autocorrelation, which is KOWORLD AG 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 KOWORLD AG's stock expected returns. We can calculate the autocorrelation of KOWORLD AG returns to help us make a trade decision. For example, suppose you find that KOWORLD AG 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 |
KOWORLD AG 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 KOWORLD AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KOWORLD AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KOWORLD AG stock over time.
Current vs Lagged Prices |
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KOWORLD AG Lagged Returns
When evaluating KOWORLD AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KOWORLD AG stock have on its future price. KOWORLD AG 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, KOWORLD AG autocorrelation shows the relationship between KOWORLD AG stock current value and its past values and can show if there is a momentum factor associated with investing in KOWORLD AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KOWORLD Stock
KOWORLD AG financial ratios help investors to determine whether KOWORLD 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 KOWORLD with respect to the benefits of owning KOWORLD AG security.