Kimball Electronics Stock Market Value
| KE Stock | USD 19.55 0.44 2.30% |
| Symbol | Kimball |
Kimball Electronics Price To Book Ratio
Is Electronic Equipment, Instruments & Components space 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 Kimball Electronics. If investors know Kimball 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 Kimball Electronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.906 | Earnings Share 0.5 | Revenue Per Share 65.86 | Quarterly Revenue Growth 0.15 | Return On Assets 0.0358 |
The market value of Kimball Electronics is measured differently than its book value, which is the value of Kimball that is recorded on the company's balance sheet. Investors also form their own opinion of Kimball Electronics' value that differs from its market value or its book value, called intrinsic value, which is Kimball Electronics' 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 Kimball Electronics' market value can be influenced by many factors that don't directly affect Kimball Electronics' 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 Kimball Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kimball Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kimball Electronics' 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.
Kimball Electronics '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 Kimball Electronics' stock 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 Kimball Electronics.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Kimball Electronics on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kimball Electronics or generate 0.0% return on investment in Kimball Electronics over 180 days. Kimball Electronics is related to or competes with MKS Instruments, Axcelis Technologies, Entegris, Cohu, and AAON. Kimball Electronics, Inc. provides contract electronics manufacturing services and diversified manufacturing services to... More
Kimball Electronics 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 Kimball Electronics' stock 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 Kimball Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0026 | |||
| Maximum Drawdown | 11.84 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.85 |
Kimball Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kimball Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kimball Electronics' standard deviation. In reality, there are many statistical measures that can use Kimball Electronics historical prices to predict the future Kimball Electronics' volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | 0.049 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kimball Electronics' 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.
Kimball Electronics Backtested Returns
At this point, Kimball Electronics is very steady. Kimball Electronics has Sharpe Ratio of 0.066, which conveys that the firm had a 0.066% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kimball Electronics, which you can use to evaluate the volatility of the firm. Please verify Kimball Electronics' Mean Deviation of 1.63, downside deviation of 1.84, and Risk Adjusted Performance of 0.0415 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Kimball Electronics has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.86, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kimball Electronics will likely underperform. Kimball Electronics right now secures a risk of 2.2%. Please verify Kimball Electronics sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Kimball Electronics will be following its current price movements.
Auto-correlation | -0.62 |
Very good reverse predictability
Kimball Electronics has very good reverse predictability. Overlapping area represents the amount of predictability between Kimball Electronics time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 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 Kimball Electronics price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Kimball Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Kimball Electronics lagged returns against current returns
Autocorrelation, which is Kimball Electronics stock'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 Kimball Electronics' stock expected returns. We can calculate the autocorrelation of Kimball Electronics returns to help us make a trade decision. For example, suppose you find that Kimball Electronics 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kimball Electronics 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 Kimball Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kimball Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kimball Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Kimball Electronics Lagged Returns
When evaluating Kimball Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kimball Electronics stock have on its future price. Kimball Electronics 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, Kimball Electronics autocorrelation shows the relationship between Kimball Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Kimball Electronics.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Kimball Electronics Correlation, Kimball Electronics Volatility and Kimball Electronics Alpha and Beta module to complement your research on Kimball Electronics. For information on how to trade Kimball Stock refer to our How to Trade Kimball Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Kimball Electronics technical stock 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, stock market cycles, or different charting patterns.