Kinross Gold Stock Market Value
| KGC Stock | USD 10.22 0.14 1.39% |
| Symbol | Kinross |
Kinross Gold Price To Book Ratio
Is Metals & Mining 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 Kinross Gold. If investors know Kinross 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 Kinross Gold 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 2.235 | Dividend Share 0.12 | Earnings Share 0.6 | Revenue Per Share 3.947 | Quarterly Revenue Growth 0.299 |
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold'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 Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold'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 Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold'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.
Kinross Gold '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 Kinross Gold'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 Kinross Gold.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Kinross Gold on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kinross Gold or generate 0.0% return on investment in Kinross Gold over 270 days. Kinross Gold is related to or competes with Pan American, Newmont Goldcorp, Wheaton Precious, Franco Nevada, Agnico Eagle, Gold Fields, and AngloGold Ashanti. Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of go... More
Kinross Gold 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 Kinross Gold'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 Kinross Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 5.41 |
Kinross Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinross Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinross Gold's standard deviation. In reality, there are many statistical measures that can use Kinross Gold historical prices to predict the future Kinross Gold's volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.1819 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 0.7988 |
Kinross Gold Backtested Returns
Kinross Gold appears to be slightly risky, given 3 months investment horizon. Kinross Gold has Sharpe Ratio of 0.0875, which conveys that the firm had a 0.0875% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kinross Gold, which you can use to evaluate the volatility of the firm. Please exercise Kinross Gold's Risk Adjusted Performance of 0.069, downside deviation of 2.76, and Mean Deviation of 1.96 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kinross Gold holds a performance score of 6. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinross Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinross Gold is expected to be smaller as well. Please check Kinross Gold's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Kinross Gold's current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Kinross Gold has good predictability. Overlapping area represents the amount of predictability between Kinross Gold time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Kinross Gold price movement. The serial correlation of 0.69 indicates that around 69.0% of current Kinross Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Kinross Gold lagged returns against current returns
Autocorrelation, which is Kinross Gold 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 Kinross Gold's stock expected returns. We can calculate the autocorrelation of Kinross Gold returns to help us make a trade decision. For example, suppose you find that Kinross Gold 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 |
Kinross Gold 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 Kinross Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinross Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinross Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Kinross Gold Lagged Returns
When evaluating Kinross Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinross Gold stock have on its future price. Kinross Gold 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, Kinross Gold autocorrelation shows the relationship between Kinross Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Kinross Gold.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Kinross Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kinross Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kinross Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kinross Gold Stock:Check out Kinross Gold Correlation, Kinross Gold Volatility and Kinross Gold Alpha and Beta module to complement your research on Kinross Gold. For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Kinross Gold 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.