Kelt Exploration Stock Beta
| KEL Stock | CAD 6.93 0.15 2.12% |
Kelt Exploration fundamentals help investors to digest information that contributes to Kelt Exploration's financial success or failures. It also enables traders to predict the movement of Kelt Stock. The fundamental analysis module provides a way to measure Kelt Exploration's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Kelt Exploration stock.
Kelt | Beta |
Kelt Exploration Company Beta Analysis
Kelt Exploration's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Kelt Exploration Beta | 1.91 |
Most of Kelt Exploration's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Kelt Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kelt Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Kelt Exploration is extremely important. It helps to project a fair market value of Kelt Stock properly, considering its historical fundamentals such as Beta. Since Kelt Exploration's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Kelt Exploration's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Kelt Exploration's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Kelt Exploration has a Beta of 1.91. This is 12.35% higher than that of the Oil, Gas & Consumable Fuels sector and 24.03% higher than that of the Energy industry. The beta for all Canada stocks is notably lower than that of the firm.
Kelt Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kelt Exploration's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kelt Exploration could also be used in its relative valuation, which is a method of valuing Kelt Exploration by comparing valuation metrics of similar companies.Kelt Exploration is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kelt Exploration will likely underperform.
Kelt Fundamentals
| Return On Equity | 0.0548 | ||||
| Return On Asset | 0.039 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 1.4 B | ||||
| Shares Outstanding | 196.38 M | ||||
| Shares Owned By Insiders | 15.86 % | ||||
| Shares Owned By Institutions | 34.75 % | ||||
| Number Of Shares Shorted | 4 M | ||||
| Price To Earning | 37.22 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 3.40 X | ||||
| Revenue | 436.41 M | ||||
| Gross Profit | 394.32 M | ||||
| EBITDA | 251.96 M | ||||
| Net Income | 85.97 M | ||||
| Cash And Equivalents | 125 K | ||||
| Total Debt | 1.46 M | ||||
| Debt To Equity | 0.68 % | ||||
| Current Ratio | 1.07 X | ||||
| Book Value Per Share | 5.33 X | ||||
| Cash Flow From Operations | 283.22 M | ||||
| Short Ratio | 13.04 X | ||||
| Earnings Per Share | 0.28 X | ||||
| Target Price | 8.78 | ||||
| Beta | 1.91 | ||||
| Market Capitalization | 1.39 B | ||||
| Total Asset | 1.26 B | ||||
| Retained Earnings | (159.79 M) | ||||
| Working Capital | (15.09 M) | ||||
| Current Asset | 30.27 M | ||||
| Current Liabilities | 64.79 M | ||||
| Net Asset | 1.26 B |
About Kelt Exploration Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kelt Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kelt Exploration using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kelt Exploration based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Kelt Exploration
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kelt Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kelt Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Kelt Stock
The ability to find closely correlated positions to Kelt Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kelt Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kelt Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kelt Exploration to buy it.
The correlation of Kelt Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kelt Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kelt Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kelt Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Kelt Stock
Kelt Exploration financial ratios help investors to determine whether Kelt 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 Kelt with respect to the benefits of owning Kelt Exploration security.