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.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Kurita Water on March 24, 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 Veralto, Zurn Elkay, Federal Signal, and Atmus Filtration. 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 | (0.05) | |||
| 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 | 0.0068 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.0472 |
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 0.0901, which conveys that the firm had a 0.0901% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Kurita Water, which you can use to evaluate the volatility of the firm. Please verify Kurita Water's Risk Adjusted Performance of 0.0062, standard deviation of 1.64, and Mean Deviation of 0.503 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 -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kurita Water are expected to decrease at a much lower rate. During the bear market, Kurita Water is likely to outperform the market. Kurita Water Industries right now secures a risk of 1.36%. 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 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 | -0.78 | |
| 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 |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.
| CEOs Directory Screen CEOs from public companies around the world | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
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.