Kuros Biosciences (Switzerland) Market Value
| KURN Stock | CHF 6.67 0.14 2.14% |
| Symbol | Kuros |
Kuros Biosciences '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 Kuros Biosciences' stock 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 Kuros Biosciences.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Kuros Biosciences on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Kuros Biosciences AG or generate 0.0% return on investment in Kuros Biosciences over 30 days. Kuros Biosciences is related to or competes with Molecular Partners, and COSMO Pharmaceuticals. Kuros Biosciences AG, a biopharmaceutical company, engages in the discovery, development, and commercialization of bioph... More
Kuros Biosciences 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 Kuros Biosciences' stock 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 Kuros Biosciences AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.26 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 27.61 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 8.95 |
Kuros Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kuros Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kuros Biosciences' standard deviation. In reality, there are many statistical measures that can use Kuros Biosciences historical prices to predict the future Kuros Biosciences' volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.478 | |||
| Total Risk Alpha | 0.0188 | |||
| Sortino Ratio | 0.0999 | |||
| Treynor Ratio | 2.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kuros Biosciences' 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.
Kuros Biosciences Backtested Returns
Kuros Biosciences appears to be out of control, given 3 months investment horizon. Kuros Biosciences has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kuros Biosciences, which you can use to evaluate the volatility of the firm. Please exercise Kuros Biosciences' Risk Adjusted Performance of 0.0822, downside deviation of 4.26, and Mean Deviation of 3.04 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kuros Biosciences holds a performance score of 8. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kuros Biosciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kuros Biosciences is expected to be smaller as well. Please check Kuros Biosciences' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Kuros Biosciences' current price movements will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Kuros Biosciences AG has very good reverse predictability. Overlapping area represents the amount of predictability between Kuros Biosciences time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Kuros Biosciences price movement. The serial correlation of -0.68 indicates that around 68.0% of current Kuros Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Kuros Biosciences lagged returns against current returns
Autocorrelation, which is Kuros Biosciences stock'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 Kuros Biosciences' stock expected returns. We can calculate the autocorrelation of Kuros Biosciences returns to help us make a trade decision. For example, suppose you find that Kuros Biosciences has exhibited high autocorrelation historically, and you observe that the stock 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 |
Kuros Biosciences 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 Kuros Biosciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kuros Biosciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kuros Biosciences stock over time.
Current vs Lagged Prices |
| Timeline |
Kuros Biosciences Lagged Returns
When evaluating Kuros Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kuros Biosciences stock have on its future price. Kuros Biosciences 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, Kuros Biosciences autocorrelation shows the relationship between Kuros Biosciences stock current value and its past values and can show if there is a momentum factor associated with investing in Kuros Biosciences AG.
Regressed Prices |
| Timeline |
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Complementary Tools for Kuros Stock analysis
When running Kuros Biosciences' price analysis, check to measure Kuros Biosciences' 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 Kuros Biosciences is operating at the current time. Most of Kuros Biosciences' value examination focuses on studying past and present price action to predict the probability of Kuros Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kuros Biosciences' price. Additionally, you may evaluate how the addition of Kuros Biosciences to your portfolios can decrease your overall portfolio volatility.
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Kuros Biosciences technical stock 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, stock market cycles, or different charting patterns.