Kennametal Stock Market Value
| KMT Stock | USD 29.12 0.29 1.01% |
| Symbol | Kennametal |
Kennametal Price To Book Ratio
Is Industrial Machinery & Supplies & 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 Kennametal. If investors know Kennametal 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 Kennametal 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 (0.24) | Dividend Share 0.8 | Earnings Share 1.28 | Revenue Per Share 25.809 | Quarterly Revenue Growth (0.02) |
The market value of Kennametal is measured differently than its book value, which is the value of Kennametal that is recorded on the company's balance sheet. Investors also form their own opinion of Kennametal's value that differs from its market value or its book value, called intrinsic value, which is Kennametal'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 Kennametal's market value can be influenced by many factors that don't directly affect Kennametal'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 Kennametal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kennametal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kennametal'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.
Kennametal '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 Kennametal'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 Kennametal.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Kennametal on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Kennametal or generate 0.0% return on investment in Kennametal over 660 days. Kennametal is related to or competes with Hillman Solutions, AB SKF, Lincoln Electric, Toro, Snap On, RBC Bearings, and Eastern. Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solu... More
Kennametal 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 Kennametal'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 Kennametal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 23.53 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.76 |
Kennametal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kennametal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kennametal's standard deviation. In reality, there are many statistical measures that can use Kennametal historical prices to predict the future Kennametal's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0763 | |||
| Treynor Ratio | 0.0958 |
Kennametal Backtested Returns
Kennametal appears to be very steady, given 3 months investment horizon. Kennametal has Sharpe Ratio of 0.0892, which conveys that the firm had a 0.0892% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kennametal, which you can use to evaluate the volatility of the firm. Please exercise Kennametal's Risk Adjusted Performance of 0.0835, downside deviation of 1.75, and Mean Deviation of 1.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kennametal holds a performance score of 7. The company secures a Beta (Market Risk) of 2.66, 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, Kennametal will likely underperform. Please check Kennametal's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Kennametal's current price movements will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Kennametal has weak reverse predictability. Overlapping area represents the amount of predictability between Kennametal time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 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 Kennametal price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Kennametal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Kennametal lagged returns against current returns
Autocorrelation, which is Kennametal 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 Kennametal's stock expected returns. We can calculate the autocorrelation of Kennametal returns to help us make a trade decision. For example, suppose you find that Kennametal 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 |
Kennametal 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 Kennametal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kennametal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kennametal stock over time.
Current vs Lagged Prices |
| Timeline |
Kennametal Lagged Returns
When evaluating Kennametal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kennametal stock have on its future price. Kennametal 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, Kennametal autocorrelation shows the relationship between Kennametal stock current value and its past values and can show if there is a momentum factor associated with investing in Kennametal.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Kennametal Stock Analysis
When running Kennametal's price analysis, check to measure Kennametal'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 Kennametal is operating at the current time. Most of Kennametal's value examination focuses on studying past and present price action to predict the probability of Kennametal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kennametal's price. Additionally, you may evaluate how the addition of Kennametal to your portfolios can decrease your overall portfolio volatility.