Kaspien Stock Statistic Functions Pearson Correlation Coefficient

KSPN
 Stock
  

USD 0.74  0.03  3.90%   

Kaspien Holdings statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Kaspien Holdings. Kaspien Holdings value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Kaspien Holdings statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was six with a total number of output elements of fifty-five. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Kaspien Holdings and its benchmark or peer.
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Kaspien Holdings Technical Analysis Modules

Most technical analysis of Kaspien Holdings help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Kaspien from various momentum indicators to cycle indicators. When you analyze Kaspien charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Kaspien Holdings Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kaspien Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Kaspien Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Kaspien Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Kaspien Holdings's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Kaspien Holdings's intrinsic value. In addition to deriving basic predictive indicators for Kaspien Holdings, we also check how macroeconomic factors affect Kaspien Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Kaspien Holdings' 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 Kaspien Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.637.97
Details
Intrinsic
Valuation
LowReal ValueHigh
0.6710.5517.89
Details
Naive
Forecast
LowNext ValueHigh
0.0106730.537.87
Details
1 Analysts
Consensus
LowTarget PriceHigh
40.0040.0040.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kaspien Holdings. Your research has to be compared to or analyzed against Kaspien Holdings' peers to derive any actionable benefits. When done correctly, Kaspien Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Kaspien Holdings.

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Momentum
Invested over 30 shares
Please see Correlation Analysis. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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Is Kaspien Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kaspien Holdings. If investors know Kaspien will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kaspien Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 M
Quarterly Revenue Growth YOY
(0.028) 
Return On Assets
(0.20) 
Return On Equity
(1.56) 
The market value of Kaspien Holdings is measured differently than its book value, which is the value of Kaspien that is recorded on the company's balance sheet. Investors also form their own opinion of Kaspien Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kaspien Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kaspien Holdings' market value can be influenced by many factors that don't directly affect Kaspien Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kaspien Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Kaspien Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kaspien Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.