Kurita Water Industries Stock Market Value
| KTWIF Stock | USD 38.95 0.00 0.00% |
| Symbol | Kurita |
Kurita Water '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 Kurita Water'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 Kurita Water.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kurita Water on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kurita Water Industries or generate 0.0% return on investment in Kurita Water over 30 days. Kurita Water is related to or competes with TOMI Environmental, Zurn Elkay, Purecycle Technologies, Energy Recovery, Federal Signal, Bion Environmental, and Euro Tech. Kurita Water Industries Ltd. provides various water treatment solutions in Japan, Asia, North America, South America, Eu... More
Kurita Water 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 Kurita Water'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 Kurita Water Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.69 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 1.85 |
Kurita Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kurita Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kurita Water's standard deviation. In reality, there are many statistical measures that can use Kurita Water historical prices to predict the future Kurita Water's volatility.| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kurita Water'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.
Kurita Water Industries Backtested Returns
We consider Kurita Water very steady. Kurita Water Industries has Sharpe Ratio of 0.0908, which conveys that the firm had a 0.0908% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Kurita Water, which you can use to evaluate the volatility of the firm. Please verify Kurita Water's Mean Deviation of 0.503, standard deviation of 1.64, and Risk Adjusted Performance of 0.0062 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Kurita Water has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kurita Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kurita Water is expected to be smaller as well. Kurita Water Industries right now secures a risk of 1.37%. Please verify Kurita Water Industries jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Kurita Water Industries will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Kurita Water Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Kurita Water 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 Kurita Water Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Kurita Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kurita Water Industries lagged returns against current returns
Autocorrelation, which is Kurita Water 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 Kurita Water's pink sheet expected returns. We can calculate the autocorrelation of Kurita Water returns to help us make a trade decision. For example, suppose you find that Kurita Water 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 |
Kurita Water 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 Kurita Water pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kurita Water pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kurita Water pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kurita Water Lagged Returns
When evaluating Kurita Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kurita Water pink sheet have on its future price. Kurita Water 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, Kurita Water autocorrelation shows the relationship between Kurita Water pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kurita Water Industries.
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 Kurita Water 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, Kurita Water's short interest history, or implied volatility extrapolated from Kurita Water 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 Kurita Water Correlation, Kurita Water Volatility and Kurita Water Alpha and Beta module to complement your research on Kurita Water. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Kurita Pink Sheet analysis
When running Kurita Water's price analysis, check to measure Kurita Water'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 Kurita Water is operating at the current time. Most of Kurita Water's value examination focuses on studying past and present price action to predict the probability of Kurita Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kurita Water's price. Additionally, you may evaluate how the addition of Kurita Water to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Correlations Find global opportunities by holding instruments from different markets |
Kurita Water 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.