Kang Yong (Thailand) Market Value
| KYE Stock | THB 326.00 1.00 0.31% |
| Symbol | Kang |
Kang Yong '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 Kang Yong's 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 Kang Yong.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Kang Yong on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Kang Yong Electric or generate 0.0% return on investment in Kang Yong over 30 days. Kang Yong is related to or competes with Hwa Fong, Hana Microelectronics, KGI Securities, Haad Thip, and Kulthorn Kirby. Kang Yong Electric Public Company Limited manufactures and distributes household electrical appliances in Thailand More
Kang Yong 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 Kang Yong's 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 Kang Yong Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8289 | |||
| Information Ratio | 0.156 | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.36 |
Kang Yong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kang Yong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kang Yong's standard deviation. In reality, there are many statistical measures that can use Kang Yong historical prices to predict the future Kang Yong's volatility.| Risk Adjusted Performance | 0.1452 | |||
| Jensen Alpha | 0.1723 | |||
| Total Risk Alpha | 0.1169 | |||
| Sortino Ratio | 0.1573 | |||
| Treynor Ratio | 2.5 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kang Yong'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.
Kang Yong Electric Backtested Returns
We consider Kang Yong very steady. Kang Yong Electric has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kang Yong, which you can use to evaluate the volatility of the firm. Please verify Kang Yong's Risk Adjusted Performance of 0.1452, mean deviation of 0.5783, and Downside Deviation of 0.8289 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Kang Yong has a performance score of 13 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0701, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kang Yong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kang Yong is expected to be smaller as well. Kang Yong Electric right now secures a risk of 0.84%. Please verify Kang Yong Electric sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Kang Yong Electric will be following its current price movements.
Auto-correlation | -0.46 |
Modest reverse predictability
Kang Yong Electric has modest reverse predictability. Overlapping area represents the amount of predictability between Kang Yong time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 Kang Yong Electric price movement. The serial correlation of -0.46 indicates that about 46.0% of current Kang Yong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 16.75 |
Kang Yong Electric lagged returns against current returns
Autocorrelation, which is Kang Yong 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 Kang Yong's stock expected returns. We can calculate the autocorrelation of Kang Yong returns to help us make a trade decision. For example, suppose you find that Kang Yong 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 |
Kang Yong 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 Kang Yong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kang Yong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kang Yong stock over time.
Current vs Lagged Prices |
| Timeline |
Kang Yong Lagged Returns
When evaluating Kang Yong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kang Yong stock have on its future price. Kang Yong 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, Kang Yong autocorrelation shows the relationship between Kang Yong stock current value and its past values and can show if there is a momentum factor associated with investing in Kang Yong Electric.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Kang Yong Correlation, Kang Yong Volatility and Kang Yong Alpha and Beta module to complement your research on Kang Yong. Note that the Kang Yong Electric information on this page should be used as a complementary analysis to other Kang Yong'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Kang Stock analysis
When running Kang Yong's price analysis, check to measure Kang Yong'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 Kang Yong is operating at the current time. Most of Kang Yong's value examination focuses on studying past and present price action to predict the probability of Kang Yong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kang Yong's price. Additionally, you may evaluate how the addition of Kang Yong to your portfolios can decrease your overall portfolio volatility.
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Kang Yong 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.