Kamada (Israel) Market Value
| KMDA Stock | ILA 1,986 54.00 2.80% |
| Symbol | Kamada |
Kamada '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 Kamada'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 Kamada.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kamada on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kamada or generate 0.0% return on investment in Kamada over 30 days. Kamada is related to or competes with Compugen. Kamada Ltd. develops, produces, and markets plasma-derived protein therapeutics for orphan indications More
Kamada 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 Kamada'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 Kamada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.25 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.34 |
Kamada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kamada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kamada's standard deviation. In reality, there are many statistical measures that can use Kamada historical prices to predict the future Kamada's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 3.78 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kamada'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.
Kamada Backtested Returns
Kamada has Sharpe Ratio of -0.035, which conveys that the firm had a -0.035% return per unit of risk over the last 3 months. Kamada exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kamada's Mean Deviation of 1.34, risk adjusted performance of (0.06), and Standard Deviation of 1.76 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0528, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kamada are expected to decrease at a much lower rate. During the bear market, Kamada is likely to outperform the market. Kamada has an expected return of -0.0703%. Please make sure to verify Kamada maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Kamada performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Kamada has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kamada time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Kamada price movement. The serial correlation of -0.76 indicates that around 76.0% of current Kamada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1043.43 |
Kamada lagged returns against current returns
Autocorrelation, which is Kamada 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 Kamada's stock expected returns. We can calculate the autocorrelation of Kamada returns to help us make a trade decision. For example, suppose you find that Kamada 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 |
Kamada 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 Kamada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kamada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kamada stock over time.
Current vs Lagged Prices |
| Timeline |
Kamada Lagged Returns
When evaluating Kamada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kamada stock have on its future price. Kamada 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, Kamada autocorrelation shows the relationship between Kamada stock current value and its past values and can show if there is a momentum factor associated with investing in Kamada.
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 Kamada 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, Kamada's short interest history, or implied volatility extrapolated from Kamada options trading.
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Complementary Tools for Kamada Stock analysis
When running Kamada's price analysis, check to measure Kamada'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 Kamada is operating at the current time. Most of Kamada's value examination focuses on studying past and present price action to predict the probability of Kamada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kamada's price. Additionally, you may evaluate how the addition of Kamada to your portfolios can decrease your overall portfolio volatility.
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Kamada 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.