Knorr Bremse Aktiengesellschaft Stock Market Value
| KNRRY Stock | USD 18.79 0.09 0.48% |
| Symbol | Knorr-Bremse |
Knorr-Bremse Aktiengesellscha '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 Knorr-Bremse Aktiengesellscha'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 Knorr-Bremse Aktiengesellscha.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Knorr-Bremse Aktiengesellscha on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Knorr Bremse Aktiengesellschaft or generate 0.0% return on investment in Knorr-Bremse Aktiengesellscha over 60 days. Knorr-Bremse Aktiengesellscha is related to or competes with Allison Transmission, Luminar Technologies, Quantumscape Corp, Lear, BorgWarner, Autoliv, and Fox Factory. Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commerc... More
Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha'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 Knorr Bremse Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1251 | |||
| Maximum Drawdown | 9.39 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.41 |
Knorr-Bremse Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knorr-Bremse Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knorr-Bremse Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use Knorr-Bremse Aktiengesellscha historical prices to predict the future Knorr-Bremse Aktiengesellscha's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 0.1934 | |||
| Total Risk Alpha | 0.073 | |||
| Sortino Ratio | 0.1477 | |||
| Treynor Ratio | 0.2319 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Knorr-Bremse Aktiengesellscha'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.
Knorr-Bremse Aktiengesellscha Backtested Returns
Knorr-Bremse Aktiengesellscha appears to be very steady, given 3 months investment horizon. Knorr-Bremse Aktiengesellscha has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Knorr-Bremse Aktiengesellscha, which you can use to evaluate the volatility of the firm. Please exercise Knorr-Bremse Aktiengesellscha's Downside Deviation of 1.45, risk adjusted performance of 0.1154, and Mean Deviation of 1.22 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Knorr-Bremse Aktiengesellscha holds a performance score of 16. The company secures a Beta (Market Risk) of 1.27, 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, Knorr-Bremse Aktiengesellscha will likely underperform. Please check Knorr-Bremse Aktiengesellscha's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Knorr-Bremse Aktiengesellscha's current price movements will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Knorr Bremse Aktiengesellschaft has good reverse predictability. Overlapping area represents the amount of predictability between Knorr-Bremse Aktiengesellscha time series from 24th of February 2024 to 25th of March 2024 and 25th 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 Knorr-Bremse Aktiengesellscha price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Knorr-Bremse Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Knorr-Bremse Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha's pink sheet expected returns. We can calculate the autocorrelation of Knorr-Bremse Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that Knorr-Bremse Aktiengesellscha 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 |
Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knorr-Bremse Aktiengesellscha pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knorr-Bremse Aktiengesellscha pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Knorr-Bremse Aktiengesellscha Lagged Returns
When evaluating Knorr-Bremse Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knorr-Bremse Aktiengesellscha pink sheet have on its future price. Knorr-Bremse Aktiengesellscha 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, Knorr-Bremse Aktiengesellscha autocorrelation shows the relationship between Knorr-Bremse Aktiengesellscha pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Knorr Bremse Aktiengesellschaft.
Regressed Prices |
| Timeline |
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Complementary Tools for Knorr-Bremse Pink Sheet analysis
When running Knorr-Bremse Aktiengesellscha's price analysis, check to measure Knorr-Bremse Aktiengesellscha'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 Knorr-Bremse Aktiengesellscha is operating at the current time. Most of Knorr-Bremse Aktiengesellscha's value examination focuses on studying past and present price action to predict the probability of Knorr-Bremse Aktiengesellscha's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knorr-Bremse Aktiengesellscha's price. Additionally, you may evaluate how the addition of Knorr-Bremse Aktiengesellscha to your portfolios can decrease your overall portfolio volatility.
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Knorr-Bremse Aktiengesellscha 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.