Idemitsu Kosan Coltd Stock Market Value
| IDKOF Stock | USD 7.44 0.40 5.68% |
| Symbol | Idemitsu |
Idemitsu Kosan '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 Idemitsu Kosan's otc 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 Idemitsu Kosan.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Idemitsu Kosan on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Idemitsu Kosan CoLtd or generate 0.0% return on investment in Idemitsu Kosan over 30 days. Idemitsu Kosan is related to or competes with Valero Energy, Nemetschek, ServiceNow, LKQ, Comfort Systems, Heritage Insurance, and Oshkosh. ,Ltd. operates in petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses... More
Idemitsu Kosan 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 Idemitsu Kosan's otc 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 Idemitsu Kosan CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 185.15 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 7.23 |
Idemitsu Kosan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idemitsu Kosan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idemitsu Kosan's standard deviation. In reality, there are many statistical measures that can use Idemitsu Kosan historical prices to predict the future Idemitsu Kosan's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (2.20) | |||
| Total Risk Alpha | (4.68) | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Idemitsu Kosan'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.
Idemitsu Kosan CoLtd Backtested Returns
Idemitsu Kosan CoLtd holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Idemitsu Kosan CoLtd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idemitsu Kosan's Standard Deviation of 21.74, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 1.86 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.24, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Idemitsu Kosan are expected to decrease by larger amounts. On the other hand, during market turmoil, Idemitsu Kosan is expected to outperform it. Idemitsu Kosan CoLtd has an expected return of -5.87%. Please make sure to check out Idemitsu Kosan potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Idemitsu Kosan CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Idemitsu Kosan CoLtd has weak reverse predictability. Overlapping area represents the amount of predictability between Idemitsu Kosan time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 Idemitsu Kosan CoLtd price movement. The serial correlation of -0.25 indicates that over 25.0% of current Idemitsu Kosan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Idemitsu Kosan CoLtd lagged returns against current returns
Autocorrelation, which is Idemitsu Kosan otc 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 Idemitsu Kosan's otc stock expected returns. We can calculate the autocorrelation of Idemitsu Kosan returns to help us make a trade decision. For example, suppose you find that Idemitsu Kosan has exhibited high autocorrelation historically, and you observe that the otc 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 |
Idemitsu Kosan 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 Idemitsu Kosan otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idemitsu Kosan otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idemitsu Kosan otc stock over time.
Current vs Lagged Prices |
| Timeline |
Idemitsu Kosan Lagged Returns
When evaluating Idemitsu Kosan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idemitsu Kosan otc stock have on its future price. Idemitsu Kosan 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, Idemitsu Kosan autocorrelation shows the relationship between Idemitsu Kosan otc stock current value and its past values and can show if there is a momentum factor associated with investing in Idemitsu Kosan CoLtd.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Idemitsu Kosan Correlation, Idemitsu Kosan Volatility and Idemitsu Kosan Alpha and Beta module to complement your research on Idemitsu Kosan. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Idemitsu OTC Stock analysis
When running Idemitsu Kosan's price analysis, check to measure Idemitsu Kosan'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 Idemitsu Kosan is operating at the current time. Most of Idemitsu Kosan's value examination focuses on studying past and present price action to predict the probability of Idemitsu Kosan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idemitsu Kosan's price. Additionally, you may evaluate how the addition of Idemitsu Kosan to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Idemitsu Kosan technical otc 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, otc market cycles, or different charting patterns.