Kone Oyj Stock Market Value
| KNYJF Stock | USD 44.35 1.54 3.36% |
| Symbol | KONE |
KONE Oyj '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 KONE Oyj's pink sheet 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 KONE Oyj.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in KONE Oyj on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding KONE Oyj or generate 0.0% return on investment in KONE Oyj over 360 days. KONE Oyj is related to or competes with GE Aerospace, Eaton PLC, Illinois Tool, Parker Hannifin, and Emerson Electric. KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide More
KONE Oyj 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 KONE Oyj's pink sheet 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 KONE Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 0.7086 |
KONE Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KONE Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KONE Oyj's standard deviation. In reality, there are many statistical measures that can use KONE Oyj historical prices to predict the future KONE Oyj's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 3.26 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KONE Oyj'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.
KONE Oyj Backtested Returns
KONE Oyj has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of volatility over the last 3 months. KONE Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KONE Oyj's risk adjusted performance of (0.07), and Mean Deviation of 0.4911 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0482, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KONE Oyj are expected to decrease at a much lower rate. During the bear market, KONE Oyj is likely to outperform the market. KONE Oyj has an expected return of -0.15%. Please make sure to verify KONE Oyj potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if KONE Oyj performance from the past will be repeated at future time.
Auto-correlation | -0.36 |
Poor reverse predictability
KONE Oyj has poor reverse predictability. Overlapping area represents the amount of predictability between KONE Oyj time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 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 KONE Oyj price movement. The serial correlation of -0.36 indicates that just about 36.0% of current KONE Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.09 |
KONE Oyj lagged returns against current returns
Autocorrelation, which is KONE Oyj pink sheet'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 KONE Oyj's pink sheet expected returns. We can calculate the autocorrelation of KONE Oyj returns to help us make a trade decision. For example, suppose you find that KONE Oyj has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
KONE Oyj 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 KONE Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KONE Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KONE Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
KONE Oyj Lagged Returns
When evaluating KONE Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KONE Oyj pink sheet have on its future price. KONE Oyj 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, KONE Oyj autocorrelation shows the relationship between KONE Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in KONE Oyj.
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 KONE Oyj 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, KONE Oyj's short interest history, or implied volatility extrapolated from KONE Oyj options trading.
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 KONE Oyj Correlation, KONE Oyj Volatility and KONE Oyj Alpha and Beta module to complement your research on KONE Oyj. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for KONE Pink Sheet analysis
When running KONE Oyj's price analysis, check to measure KONE Oyj'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 KONE Oyj is operating at the current time. Most of KONE Oyj's value examination focuses on studying past and present price action to predict the probability of KONE Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KONE Oyj's price. Additionally, you may evaluate how the addition of KONE Oyj to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
KONE Oyj technical pink sheet 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, pink sheet market cycles, or different charting patterns.