Kinaxis Historical Valuation
| KXS Stock | CAD 183.47 4.36 2.43% |
Some fundamental drivers such as market cap or Kinaxis enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Kinaxis valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Kinaxis's future value.
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About Kinaxis Valuation Data Analysis
Valuation is the financial process of determining what Kinaxis is worth. Kinaxis valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Kinaxis valuation 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.
Kinaxis Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Kinaxis theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Kinaxis debt, but would also pocket its cash. Enterprise Value is more accurate representation of Kinaxis value than its market capitalization because it takes into account all of Kinaxis existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Kinaxis
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 Kinaxis 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 Kinaxis will appreciate offsetting losses from the drop in the long position's value.Moving together with Kinaxis Stock
The ability to find closely correlated positions to Kinaxis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kinaxis 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 Kinaxis - 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 Kinaxis to buy it.
The correlation of Kinaxis 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 Kinaxis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kinaxis 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 Kinaxis 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 Kinaxis Stock
Valuation is the financial process of determining what Kinaxis is worth. Kinaxis valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Kinaxis valuation 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.