Kingspan Group (Ireland) Market Value
| KRX Stock | EUR 88.20 2.20 2.43% |
| Symbol | Kingspan |
Kingspan Group '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 Kingspan Group'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 Kingspan Group.
| 04/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Kingspan Group on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Kingspan Group plc or generate 0.0% return on investment in Kingspan Group over 60 days. Kingspan Group is related to or competes with Kerry, Glanbia PLC, Smurfit Kappa, and Bank of Ireland. More
Kingspan Group 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 Kingspan Group'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 Kingspan Group plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.0366 | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.27 |
Kingspan Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingspan Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingspan Group's standard deviation. In reality, there are many statistical measures that can use Kingspan Group historical prices to predict the future Kingspan Group's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.071 | |||
| Total Risk Alpha | 0.0192 | |||
| Sortino Ratio | 0.0374 | |||
| Treynor Ratio | 0.2708 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kingspan Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kingspan Group plc Backtested Returns
We consider Kingspan Group very steady. Kingspan Group plc has Sharpe Ratio of 0.0672, which conveys that the firm had a 0.0672% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kingspan Group, which you can use to evaluate the volatility of the firm. Please verify Kingspan Group's Downside Deviation of 1.41, mean deviation of 1.07, and Risk Adjusted Performance of 0.0443 to check out if the risk estimate we provide is consistent with the expected return of 0.0979%. Kingspan Group has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kingspan Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kingspan Group is expected to be smaller as well. Kingspan Group plc right now secures a risk of 1.46%. Please verify Kingspan Group plc value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Kingspan Group plc will be following its current price movements.
Auto-correlation | -0.21 |
Weak reverse predictability
Kingspan Group plc has weak reverse predictability. Overlapping area represents the amount of predictability between Kingspan Group time series from 5th of April 2024 to 5th of May 2024 and 5th of May 2024 to 4th of June 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 Kingspan Group plc price movement. The serial correlation of -0.21 indicates that over 21.0% of current Kingspan Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Kingspan Group plc lagged returns against current returns
Autocorrelation, which is Kingspan Group 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 Kingspan Group's stock expected returns. We can calculate the autocorrelation of Kingspan Group returns to help us make a trade decision. For example, suppose you find that Kingspan Group 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 |
Kingspan Group 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 Kingspan Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingspan Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingspan Group stock over time.
Current vs Lagged Prices |
| Timeline |
Kingspan Group Lagged Returns
When evaluating Kingspan Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingspan Group stock have on its future price. Kingspan Group 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, Kingspan Group autocorrelation shows the relationship between Kingspan Group stock current value and its past values and can show if there is a momentum factor associated with investing in Kingspan Group plc.
Regressed Prices |
| Timeline |
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When running Kingspan Group's price analysis, check to measure Kingspan Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kingspan Group is operating at the current time. Most of Kingspan Group's value examination focuses on studying past and present price action to predict the probability of Kingspan Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingspan Group's price. Additionally, you may evaluate how the addition of Kingspan Group to your portfolios can decrease your overall portfolio volatility.