Khiron Life Sciences Stock Market Value
| KHRNF Stock | USD 0.01 0.00 0.00% |
| Symbol | Khiron |
Khiron Life '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 Khiron Life'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 Khiron Life.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Khiron Life on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Khiron Life Sciences or generate 0.0% return on investment in Khiron Life over 90 days. Khiron Life is related to or competes with CbdMD, Evolus, Biofrontera, and Eagle Pharmaceuticals. Khiron Life Sciences Corp. operates as an integrated medical and cannabis company in Latin America and Europe More
Khiron Life 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 Khiron Life'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 Khiron Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.89 | |||
| Information Ratio | 0.0349 | |||
| Maximum Drawdown | 103.64 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 22.22 |
Khiron Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khiron Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khiron Life's standard deviation. In reality, there are many statistical measures that can use Khiron Life historical prices to predict the future Khiron Life's volatility.| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | 0.4316 | |||
| Total Risk Alpha | (1.21) | |||
| Sortino Ratio | 0.021 | |||
| Treynor Ratio | 0.3462 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Khiron Life'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.
Khiron Life Sciences Backtested Returns
We consider Khiron Life out of control. Khiron Life Sciences has Sharpe Ratio of 0.0098, which conveys that the firm had a 0.0098% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Khiron Life, which you can use to evaluate the volatility of the firm. Please verify Khiron Life's Downside Deviation of 22.89, mean deviation of 5.96, and Risk Adjusted Performance of 0.035 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The company secures a Beta (Market Risk) of 1.62, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Khiron Life will likely underperform. Khiron Life Sciences right now secures a risk of 10.73%. Please verify Khiron Life Sciences total risk alpha and the relationship between the value at risk and day median price , to decide if Khiron Life Sciences will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Khiron Life Sciences has no correlation between past and present. Overlapping area represents the amount of predictability between Khiron Life time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Khiron Life Sciences price movement. The serial correlation of 0.0 indicates that just 0.0% of current Khiron Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Khiron Life Sciences lagged returns against current returns
Autocorrelation, which is Khiron Life 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 Khiron Life's pink sheet expected returns. We can calculate the autocorrelation of Khiron Life returns to help us make a trade decision. For example, suppose you find that Khiron Life 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 |
Khiron Life 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 Khiron Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khiron Life pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khiron Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Khiron Life Lagged Returns
When evaluating Khiron Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khiron Life pink sheet have on its future price. Khiron Life 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, Khiron Life autocorrelation shows the relationship between Khiron Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Khiron Life Sciences.
Regressed Prices |
| Timeline |
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When running Khiron Life's price analysis, check to measure Khiron Life'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 Khiron Life is operating at the current time. Most of Khiron Life's value examination focuses on studying past and present price action to predict the probability of Khiron Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Khiron Life's price. Additionally, you may evaluate how the addition of Khiron Life to your portfolios can decrease your overall portfolio volatility.
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Khiron Life 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.