Kandi Technologies Group Stock Market Value
| KNDI Stock | USD 2.16 0.07 3.35% |
| Symbol | Kandi |
Kandi Technologies Price To Book Ratio
Is Kandi Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kandi Technologies. If investors know Kandi will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kandi Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.137 | Revenue Per Share 1.569 | Quarterly Revenue Growth (0.26) | Return On Assets (0.01) | Return On Equity 0.0042 |
The market value of Kandi Technologies is measured differently than its book value, which is the value of Kandi that is recorded on the company's balance sheet. Investors also form their own opinion of Kandi Technologies' value that differs from its market value or its book value, called intrinsic value, which is Kandi Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kandi Technologies' market value can be influenced by many factors that don't directly affect Kandi Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kandi Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kandi Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kandi Technologies' 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.
Kandi Technologies '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 Kandi Technologies' 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 Kandi Technologies.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Kandi Technologies on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Kandi Technologies Group or generate 0.0% return on investment in Kandi Technologies over 720 days. Kandi Technologies is related to or competes with Mullen Automotive, Canoo, and GreenPower. Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle products and parts, ... More
Kandi Technologies 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 Kandi Technologies' 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 Kandi Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.98 |
Kandi Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kandi Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kandi Technologies' standard deviation. In reality, there are many statistical measures that can use Kandi Technologies historical prices to predict the future Kandi Technologies' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kandi Technologies' 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.
Kandi Technologies Backtested Returns
Kandi Technologies has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Kandi Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kandi Technologies' Risk Adjusted Performance of (0.13), standard deviation of 2.28, and Mean Deviation of 1.74 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kandi Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kandi Technologies is expected to be smaller as well. Kandi Technologies has an expected return of -0.31%. Please make sure to verify Kandi Technologies Group potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Kandi Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Kandi Technologies Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Kandi Technologies time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th of April 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 Kandi Technologies price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Kandi Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Kandi Technologies lagged returns against current returns
Autocorrelation, which is Kandi Technologies 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 Kandi Technologies' stock expected returns. We can calculate the autocorrelation of Kandi Technologies returns to help us make a trade decision. For example, suppose you find that Kandi Technologies 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 |
Kandi Technologies 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 Kandi Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kandi Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kandi Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Kandi Technologies Lagged Returns
When evaluating Kandi Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kandi Technologies stock have on its future price. Kandi Technologies 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, Kandi Technologies autocorrelation shows the relationship between Kandi Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Kandi Technologies Group.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kandi Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kandi Technologies' short interest history, or implied volatility extrapolated from Kandi Technologies options trading.
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Try AI Portfolio ArchitectCheck out Kandi Technologies Correlation, Kandi Technologies Volatility and Kandi Technologies Alpha and Beta module to complement your research on Kandi Technologies. Note that the Kandi Technologies information on this page should be used as a complementary analysis to other Kandi Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Kandi Stock analysis
When running Kandi Technologies' price analysis, check to measure Kandi Technologies' 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 Kandi Technologies is operating at the current time. Most of Kandi Technologies' value examination focuses on studying past and present price action to predict the probability of Kandi Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kandi Technologies' price. Additionally, you may evaluate how the addition of Kandi Technologies to your portfolios can decrease your overall portfolio volatility.
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Kandi Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.