Kronos Worldwide Stock Market Value
| KRO Stock | USD 11.70 0.09 0.78% |
| Symbol | Kronos |
Kronos Worldwide Price To Book Ratio
Is Commodity Chemicals 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 Kronos Worldwide. If investors know Kronos 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 Kronos Worldwide 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 (0.42) | Dividend Share 0.62 | Earnings Share 0.81 | Revenue Per Share 16.206 | Quarterly Revenue Growth 0.221 |
The market value of Kronos Worldwide is measured differently than its book value, which is the value of Kronos that is recorded on the company's balance sheet. Investors also form their own opinion of Kronos Worldwide's value that differs from its market value or its book value, called intrinsic value, which is Kronos Worldwide'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 Kronos Worldwide's market value can be influenced by many factors that don't directly affect Kronos Worldwide'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 Kronos Worldwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kronos Worldwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kronos Worldwide'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.
Kronos Worldwide '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 Kronos Worldwide'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 Kronos Worldwide.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Kronos Worldwide on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kronos Worldwide or generate 0.0% return on investment in Kronos Worldwide over 30 days. Kronos Worldwide is related to or competes with Eshallgo, Amtech Systems, Gold Fields, Aegean Airlines, Dorian LPG, Merck, and FormFactor. Kronos Worldwide, Inc. produces and markets titanium dioxide pigments in Europe, North America, the Asia Pacific, and in... More
Kronos Worldwide 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 Kronos Worldwide'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 Kronos Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 3.81 |
Kronos Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kronos Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kronos Worldwide's standard deviation. In reality, there are many statistical measures that can use Kronos Worldwide historical prices to predict the future Kronos Worldwide's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0249 |
Kronos Worldwide Backtested Returns
As of now, Kronos Stock is not too volatile. Kronos Worldwide has Sharpe Ratio of 0.0015, which conveys that the firm had a 0.0015% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kronos Worldwide, which you can use to evaluate the volatility of the firm. Please verify Kronos Worldwide's Risk Adjusted Performance of 0.0247, mean deviation of 1.56, and Downside Deviation of 1.78 to check out if the risk estimate we provide is consistent with the expected return of 0.0034%. The company secures a Beta (Market Risk) of 1.72, 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, Kronos Worldwide will likely underperform. Kronos Worldwide right now secures a risk of 2.2%. Please verify Kronos Worldwide expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Kronos Worldwide will be following its current price movements.
Auto-correlation | 0.22 |
Weak predictability
Kronos Worldwide has weak predictability. Overlapping area represents the amount of predictability between Kronos Worldwide time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Kronos Worldwide price movement. The serial correlation of 0.22 indicates that over 22.0% of current Kronos Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Kronos Worldwide lagged returns against current returns
Autocorrelation, which is Kronos Worldwide 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 Kronos Worldwide's stock expected returns. We can calculate the autocorrelation of Kronos Worldwide returns to help us make a trade decision. For example, suppose you find that Kronos Worldwide 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 |
Kronos Worldwide 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 Kronos Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kronos Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kronos Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Kronos Worldwide Lagged Returns
When evaluating Kronos Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kronos Worldwide stock have on its future price. Kronos Worldwide 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, Kronos Worldwide autocorrelation shows the relationship between Kronos Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Kronos Worldwide.
Regressed Prices |
| Timeline |
Pair Trading with Kronos Worldwide
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kronos Worldwide position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kronos Worldwide will appreciate offsetting losses from the drop in the long position's value.Moving together with Kronos Stock
The ability to find closely correlated positions to Kronos Worldwide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kronos Worldwide when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kronos Worldwide - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kronos Worldwide to buy it.
The correlation of Kronos Worldwide is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kronos Worldwide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kronos Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kronos Worldwide can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Kronos Worldwide Correlation, Kronos Worldwide Volatility and Kronos Worldwide Alpha and Beta module to complement your research on Kronos Worldwide. To learn how to invest in Kronos Stock, please use our How to Invest in Kronos Worldwide guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Kronos Worldwide 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.