Kingstone Companies Stock Market Value
| KINS Stock | USD 15.02 0.13 0.86% |
| Symbol | Kingstone |
Kingstone Companies 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 Kingstone Companies. If investors know Kingstone 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 Kingstone Companies 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 (0.29) | Earnings Share 0.45 | Revenue Per Share 13.148 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0218 |
The market value of Kingstone Companies is measured differently than its book value, which is the value of Kingstone that is recorded on the company's balance sheet. Investors also form their own opinion of Kingstone Companies' value that differs from its market value or its book value, called intrinsic value, which is Kingstone Companies' 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 Kingstone Companies' market value can be influenced by many factors that don't directly affect Kingstone Companies' 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 Kingstone Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingstone Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingstone Companies' 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.
Kingstone Companies '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 Kingstone Companies' 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 Kingstone Companies.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Kingstone Companies on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Kingstone Companies or generate 0.0% return on investment in Kingstone Companies over 720 days. Kingstone Companies is related to or competes with HCI, Universal Insurance, Horace Mann, Heritage Insurance, and United Fire. Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insura... More
Kingstone Companies 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 Kingstone Companies' 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 Kingstone Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.2009 | |||
| Maximum Drawdown | 20.3 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 8.76 |
Kingstone Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingstone Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingstone Companies' standard deviation. In reality, there are many statistical measures that can use Kingstone Companies historical prices to predict the future Kingstone Companies' volatility.| Risk Adjusted Performance | 0.1862 | |||
| Jensen Alpha | 0.8884 | |||
| Total Risk Alpha | 0.3032 | |||
| Sortino Ratio | 0.2407 | |||
| Treynor Ratio | 1.53 |
Kingstone Companies Backtested Returns
Kingstone Companies appears to be moderately volatile, given 3 months investment horizon. Kingstone Companies has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. By analyzing Kingstone Companies' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise Kingstone Companies' Downside Deviation of 3.51, risk adjusted performance of 0.1862, and Mean Deviation of 2.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kingstone Companies holds a performance score of 15. The company secures a Beta (Market Risk) of 0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kingstone Companies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kingstone Companies is expected to be smaller as well. Please check Kingstone Companies' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Kingstone Companies' current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Kingstone Companies has good predictability. Overlapping area represents the amount of predictability between Kingstone Companies time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Kingstone Companies price movement. The serial correlation of 0.69 indicates that around 69.0% of current Kingstone Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 9.27 |
Kingstone Companies lagged returns against current returns
Autocorrelation, which is Kingstone Companies 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 Kingstone Companies' stock expected returns. We can calculate the autocorrelation of Kingstone Companies returns to help us make a trade decision. For example, suppose you find that Kingstone Companies 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 |
Kingstone Companies 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 Kingstone Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingstone Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingstone Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Kingstone Companies Lagged Returns
When evaluating Kingstone Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingstone Companies stock have on its future price. Kingstone Companies 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, Kingstone Companies autocorrelation shows the relationship between Kingstone Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Kingstone Companies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kingstone Stock Analysis
When running Kingstone Companies' price analysis, check to measure Kingstone Companies' 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 Kingstone Companies is operating at the current time. Most of Kingstone Companies' value examination focuses on studying past and present price action to predict the probability of Kingstone Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingstone Companies' price. Additionally, you may evaluate how the addition of Kingstone Companies to your portfolios can decrease your overall portfolio volatility.