Kinaxis Stock Alpha and Beta Analysis
| KXS Stock | CAD 177.20 5.54 3.23% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Kinaxis. It also helps investors analyze the systematic and unsystematic risks associated with investing in Kinaxis over a specified time horizon. Remember, high Kinaxis' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Kinaxis' market risk premium analysis include:
Beta 0.43 | Alpha 0.18 | Risk 2.06 | Sharpe Ratio 0.2 | Expected Return 0.42 |
Kinaxis Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Kinaxis |
Kinaxis Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Kinaxis market risk premium is the additional return an investor will receive from holding Kinaxis long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Kinaxis. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Kinaxis' performance over market.| α | 0.18 | β | 0.43 |
Kinaxis expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Kinaxis' Buy-and-hold return. Our buy-and-hold chart shows how Kinaxis performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Kinaxis Market Price Analysis
Market price analysis indicators help investors to evaluate how Kinaxis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kinaxis shares will generate the highest return on investment. By understating and applying Kinaxis stock market price indicators, traders can identify Kinaxis position entry and exit signals to maximize returns.
Kinaxis Return and Market Media
The median price of Kinaxis for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 157.72 with a coefficient of variation of 4.89. The daily time series for the period is distributed with a sample standard deviation of 7.76, arithmetic mean of 158.56, and mean deviation of 5.96. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Daventry Group Sends Letter to the Board of Directors of Kinaxis Regarding the Urgent Need to Explore a Sale of the Company - PR Newswire | 09/09/2024 |
2 | Kinaxis Inc Quote - Press Release - The Globe and Mail | 09/18/2024 |
3 | Whats Going on With Kinaxis Stock - Yahoo Canada Finance | 09/30/2024 |
4 | Solid Earnings Reflect Kinaxis Strength As A Business - Yahoo Finance | 11/06/2024 |
5 | Kinaxis Inc. Stock Is Going Strong But Fundamentals Look Uncertain What Lies Ahead - Simply Wall St | 11/21/2024 |
About Kinaxis Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Kinaxis or other stocks. Alpha measures the amount that position in Kinaxis has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Interest Coverage | 23.74 | 22.55 | POCF Ratio | 40.61 | 41.14 |
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 Kinaxis 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, Kinaxis' short interest history, or implied volatility extrapolated from Kinaxis options trading.
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Other Information on Investing in Kinaxis Stock
Kinaxis financial ratios help investors to determine whether Kinaxis Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kinaxis with respect to the benefits of owning Kinaxis security.