Kirby Stock Market Value
| KEX Stock | USD 112.12 5.56 5.22% |
| Symbol | Kirby |
Is Marine Transportation 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 Kirby. If investors know Kirby 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 Kirby listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Kirby is measured differently than its book value, which is the value of Kirby that is recorded on the company's balance sheet. Investors also form their own opinion of Kirby's value that differs from its market value or its book value, called intrinsic value, which is Kirby's 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 Kirby's market value can be influenced by many factors that don't directly affect Kirby's 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 Kirby's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kirby is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kirby's 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.
Kirby '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 Kirby's 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 Kirby.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Kirby on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kirby or generate 0.0% return on investment in Kirby over 90 days. Kirby is related to or competes with Danaos, Costamare, Cool, Global Ship, Euroseas, Navios Maritime, and Himalaya Shipping. Kirby Corporation operates domestic tank barges in the United States More
Kirby 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 Kirby's 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 Kirby upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.14 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.56 |
Kirby Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kirby's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kirby's standard deviation. In reality, there are many statistical measures that can use Kirby historical prices to predict the future Kirby's volatility.| Risk Adjusted Performance | (0.0001) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kirby's 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.
Kirby Backtested Returns
Kirby has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Kirby exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kirby's Risk Adjusted Performance of (0.0001), mean deviation of 1.31, and Standard Deviation of 1.94 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kirby's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kirby is expected to be smaller as well. At this point, Kirby has a negative expected return of -0.0136%. Please make sure to verify Kirby's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Kirby performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Kirby has very good reverse predictability. Overlapping area represents the amount of predictability between Kirby time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kirby price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Kirby price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 7.82 |
Kirby lagged returns against current returns
Autocorrelation, which is Kirby 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 Kirby's stock expected returns. We can calculate the autocorrelation of Kirby returns to help us make a trade decision. For example, suppose you find that Kirby 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 |
Kirby 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 Kirby stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kirby stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kirby stock over time.
Current vs Lagged Prices |
| Timeline |
Kirby Lagged Returns
When evaluating Kirby's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kirby stock have on its future price. Kirby 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, Kirby autocorrelation shows the relationship between Kirby stock current value and its past values and can show if there is a momentum factor associated with investing in Kirby.
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.Additional Tools for Kirby Stock Analysis
When running Kirby's price analysis, check to measure Kirby's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kirby is operating at the current time. Most of Kirby's value examination focuses on studying past and present price action to predict the probability of Kirby's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kirby's price. Additionally, you may evaluate how the addition of Kirby to your portfolios can decrease your overall portfolio volatility.