Kerry Group Plc Stock Market Value
| KRYAF Stock | USD 82.19 2.33 2.76% |
| Symbol | Kerry |
Kerry Group '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 Kerry Group'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 Kerry Group.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Kerry Group on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Kerry Group plc or generate 0.0% return on investment in Kerry Group over 30 days. Kerry Group is related to or competes with Kerry Group, Danone SA, Carlsberg, China Mengniu, and Unicharm. Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers taste and nutrition solutions for ... More
Kerry Group 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 Kerry Group'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 Kerry Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.3 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.03 |
Kerry Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kerry Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kerry Group's standard deviation. In reality, there are many statistical measures that can use Kerry Group historical prices to predict the future Kerry Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.2462 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kerry Group'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.
Kerry Group plc Backtested Returns
Kerry Group plc has Sharpe Ratio of -0.0357, which conveys that the firm had a -0.0357% return per unit of risk over the last 3 months. Kerry Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kerry Group's Mean Deviation of 0.6097, risk adjusted performance of (0.02), and Standard Deviation of 1.19 to check out the risk estimate we provide. 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 Kerry Group are expected to decrease at a much lower rate. During the bear market, Kerry Group is likely to outperform the market. Kerry Group plc has an expected return of -0.0425%. Please make sure to verify Kerry Group plc skewness, as well as the relationship between the day median price and relative strength index , to decide if Kerry Group plc performance from the past will be repeated at some point in the near future.
Auto-correlation | Huge |
Perfect predictability
Kerry Group plc has perfect predictability. Overlapping area represents the amount of predictability between Kerry Group time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Kerry Group plc price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Kerry Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 |
Kerry Group plc lagged returns against current returns
Autocorrelation, which is Kerry Group 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 Kerry Group's pink sheet expected returns. We can calculate the autocorrelation of Kerry Group returns to help us make a trade decision. For example, suppose you find that Kerry Group 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 |
Kerry Group 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 Kerry Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kerry Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kerry Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kerry Group Lagged Returns
When evaluating Kerry Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kerry Group pink sheet have on its future price. Kerry Group 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, Kerry Group autocorrelation shows the relationship between Kerry Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kerry Group plc.
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 Kerry Group 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, Kerry Group's short interest history, or implied volatility extrapolated from Kerry Group options trading.
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Try AI Portfolio ArchitectCheck out Kerry Group Correlation, Kerry Group Volatility and Kerry Group Alpha and Beta module to complement your research on Kerry Group. Note that the Kerry Group plc information on this page should be used as a complementary analysis to other Kerry Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Kerry Pink Sheet analysis
When running Kerry Group's price analysis, check to measure Kerry Group'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 Kerry Group is operating at the current time. Most of Kerry Group's value examination focuses on studying past and present price action to predict the probability of Kerry Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kerry Group's price. Additionally, you may evaluate how the addition of Kerry Group to your portfolios can decrease your overall portfolio volatility.
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Kerry Group 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.