Kornit Digital Stock Market Value
| KRNT Stock | USD 31.96 0.62 1.98% |
| Symbol | Kornit |
Kornit Digital 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 Kornit Digital. If investors know Kornit 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 Kornit Digital 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 (0.84) | Earnings Share (0.87) | Revenue Per Share 4.183 | Quarterly Revenue Growth (0.14) | Return On Assets (0.03) |
The market value of Kornit Digital is measured differently than its book value, which is the value of Kornit that is recorded on the company's balance sheet. Investors also form their own opinion of Kornit Digital's value that differs from its market value or its book value, called intrinsic value, which is Kornit Digital'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 Kornit Digital's market value can be influenced by many factors that don't directly affect Kornit Digital'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 Kornit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kornit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kornit Digital'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.
Kornit Digital '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 Kornit Digital'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 Kornit Digital.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kornit Digital on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Kornit Digital or generate 0.0% return on investment in Kornit Digital over 30 days. Kornit Digital is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor s... More
Kornit Digital 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 Kornit Digital'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 Kornit Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1543 | |||
| Maximum Drawdown | 24.76 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 5.44 |
Kornit Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kornit Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kornit Digital's standard deviation. In reality, there are many statistical measures that can use Kornit Digital historical prices to predict the future Kornit Digital's volatility.| Risk Adjusted Performance | 0.1499 | |||
| Jensen Alpha | 0.437 | |||
| Total Risk Alpha | 0.1071 | |||
| Sortino Ratio | 0.2786 | |||
| Treynor Ratio | 0.2732 |
Kornit Digital Backtested Returns
Kornit Digital appears to be not too volatile, given 3 months investment horizon. Kornit Digital has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Kornit Digital's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please exercise Kornit Digital's Mean Deviation of 2.48, risk adjusted performance of 0.1499, and Downside Deviation of 2.38 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kornit Digital holds a performance score of 17. The company secures a Beta (Market Risk) of 2.87, 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, Kornit Digital will likely underperform. Please check Kornit Digital's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Kornit Digital's current price movements will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Kornit Digital has insignificant predictability. Overlapping area represents the amount of predictability between Kornit Digital 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 Kornit Digital price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Kornit Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Kornit Digital lagged returns against current returns
Autocorrelation, which is Kornit Digital 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 Kornit Digital's stock expected returns. We can calculate the autocorrelation of Kornit Digital returns to help us make a trade decision. For example, suppose you find that Kornit Digital 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 |
Kornit Digital 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 Kornit Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kornit Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kornit Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Kornit Digital Lagged Returns
When evaluating Kornit Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kornit Digital stock have on its future price. Kornit Digital 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, Kornit Digital autocorrelation shows the relationship between Kornit Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Kornit Digital.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kornit Stock Analysis
When running Kornit Digital's price analysis, check to measure Kornit Digital'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 Kornit Digital is operating at the current time. Most of Kornit Digital's value examination focuses on studying past and present price action to predict the probability of Kornit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kornit Digital's price. Additionally, you may evaluate how the addition of Kornit Digital to your portfolios can decrease your overall portfolio volatility.