Kingsway Financial Services Stock Market Value
| KFS Stock | USD 8.88 0.10 1.11% |
| Symbol | Kingsway |
Kingsway Financial Price To Book Ratio
Is Property & Casualty Insurance 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 Kingsway Financial. If investors know Kingsway 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 Kingsway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 3.991 | Quarterly Revenue Growth 0.089 | Return On Assets (0) | Return On Equity (0.26) |
The market value of Kingsway Financial is measured differently than its book value, which is the value of Kingsway that is recorded on the company's balance sheet. Investors also form their own opinion of Kingsway Financial's value that differs from its market value or its book value, called intrinsic value, which is Kingsway Financial'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 Kingsway Financial's market value can be influenced by many factors that don't directly affect Kingsway Financial'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 Kingsway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingsway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingsway Financial'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.
Kingsway Financial '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 Kingsway Financial'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 Kingsway Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kingsway Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kingsway Financial Services or generate 0.0% return on investment in Kingsway Financial over 30 days. Kingsway Financial is related to or competes with CarGurus, KAR Auction, Driven Brands, Group 1, Cars, Rush Enterprises, and Sonic Automotive. Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset ma... More
Kingsway Financial 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 Kingsway Financial'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 Kingsway Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.89 |
Kingsway Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingsway Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingsway Financial's standard deviation. In reality, there are many statistical measures that can use Kingsway Financial historical prices to predict the future Kingsway Financial's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.123 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 0.3372 |
Kingsway Financial Backtested Returns
Currently, Kingsway Financial Services is slightly risky. Kingsway Financial has Sharpe Ratio of 0.0883, which conveys that the firm had a 0.0883% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kingsway Financial, which you can use to evaluate the volatility of the firm. Please verify Kingsway Financial's Risk Adjusted Performance of 0.0888, downside deviation of 1.6, and Mean Deviation of 1.35 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Kingsway Financial has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kingsway Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kingsway Financial is expected to be smaller as well. Kingsway Financial right now secures a risk of 1.87%. Please verify Kingsway Financial Services expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Kingsway Financial Services will be following its current price movements.
Auto-correlation | 0.58 |
Modest predictability
Kingsway Financial Services has modest predictability. Overlapping area represents the amount of predictability between Kingsway Financial time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Kingsway Financial price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Kingsway Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kingsway Financial lagged returns against current returns
Autocorrelation, which is Kingsway Financial 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 Kingsway Financial's stock expected returns. We can calculate the autocorrelation of Kingsway Financial returns to help us make a trade decision. For example, suppose you find that Kingsway Financial 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 |
Kingsway Financial 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 Kingsway Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingsway Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingsway Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Kingsway Financial Lagged Returns
When evaluating Kingsway Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingsway Financial stock have on its future price. Kingsway Financial 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, Kingsway Financial autocorrelation shows the relationship between Kingsway Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Kingsway Financial Services.
Regressed Prices |
| Timeline |
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Additional Tools for Kingsway Stock Analysis
When running Kingsway Financial's price analysis, check to measure Kingsway Financial'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 Kingsway Financial is operating at the current time. Most of Kingsway Financial's value examination focuses on studying past and present price action to predict the probability of Kingsway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsway Financial's price. Additionally, you may evaluate how the addition of Kingsway Financial to your portfolios can decrease your overall portfolio volatility.