KL Technology's market value is the price at which a share of KL Technology stock trades on a public exchange. It measures the collective expectations of KL Technology investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of KL Technology and determine expected loss or profit from investing in KL Technology over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any Index could be tightly coupled with the direction of predictive economic indicators such as signals in population.
KL Technology '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 KL Technology's index 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 KL Technology.
No Change 0.00
In 11 months and 26 days
If you would invest 0.00 in KL Technology on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding KL Technology or generate 0.0% return on investment in KL Technology over 360 days.
KL Technology 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 KL Technology's index 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 KL Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KL Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KL Technology's standard deviation. In reality, there are many statistical measures that can use KL Technology historical prices to predict the future KL Technology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of KL Technology'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. Please use the tools below to analyze the current value of KL Technology in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KL Technology. Your research has to be compared to or analyzed against KL Technology's peers to derive any actionable benefits. When done correctly, KL Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KL Technology.
KL Technology Backtested Returns
KL Technology retains Efficiency (Sharpe Ratio) of 0.0822, which conveys that the entity had 0.0822% return per unit of price deviation over the last 3 months. Our outlook to estimating the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for KL Technology, which you can use to evaluate the future volatility of the index. The index owns a Beta (Systematic Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and KL Technology are completely uncorrelated.
Below average predictability
KL Technology has below average predictability. Overlapping area represents the amount of predictability between KL Technology time series from 10th of March 2023 to 6th of September 2023 and 6th of September 2023 to 4th of March 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 KL Technology price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current KL Technology price fluctuation can be explain by its past prices.
Spearman Rank Test
KL Technology lagged returns against current returns
Autocorrelation, which is KL Technology index'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 KL Technology's index expected returns. We can calculate the autocorrelation of KL Technology returns to help us make a trade decision. For example, suppose you find that KL Technology index 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 stock movement to match the lagging time series.
Current and Lagged Values
KL Technology 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 KL Technology index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KL Technology index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KL Technology index over time.
Current vs Lagged Prices
KL Technology Lagged Returns
When evaluating KL Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KL Technology index have on its future price. KL Technology 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, KL Technology autocorrelation shows the relationship between KL Technology index current value and its past values and can show if there is a momentum factor associated with investing in KL Technology.
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 KL Technology 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, KL Technology's short interest history, or implied volatility extrapolated from KL Technology options trading.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any Index could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for KLTE Index analysis
When running KL Technology's price analysis, check to measure KL Technology'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 KL Technology is operating at the current time. Most of KL Technology's value examination focuses on studying past and present price action to predict the probability of KL Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KL Technology's price. Additionally, you may evaluate how the addition of KL Technology to your portfolios can decrease your overall portfolio volatility.
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
KL Technology technical index 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, index market cycles, or different charting patterns.
A focus of KL Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of KL Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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