Knightscope Stock Market Value
| KSCP Stock | USD 16.03 0.40 2.56% |
| Symbol | Knightscope |
Knightscope Price To Book Ratio
Is Electronic Equipment, Instruments & 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 Knightscope. If investors know Knightscope 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 Knightscope listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (14.08) | Revenue Per Share 6.277 | Quarterly Revenue Growth (0.10) | Return On Assets (0.72) | Return On Equity (2.25) |
The market value of Knightscope is measured differently than its book value, which is the value of Knightscope that is recorded on the company's balance sheet. Investors also form their own opinion of Knightscope's value that differs from its market value or its book value, called intrinsic value, which is Knightscope'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 Knightscope's market value can be influenced by many factors that don't directly affect Knightscope'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 Knightscope's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knightscope is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knightscope'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.
Knightscope '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 Knightscope'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 Knightscope.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Knightscope on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Knightscope or generate 0.0% return on investment in Knightscope over 30 days. Knightscope is related to or competes with Jabil Circuit, Sanmina, and Methode Electronics. Knightscope, Inc. designs, develops, builds, deploys, and supports physical security technologies in the United States More
Knightscope 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 Knightscope'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 Knightscope upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.98 | |||
| Information Ratio | 0.0683 | |||
| Maximum Drawdown | 52.99 | |||
| Value At Risk | (23.58) | |||
| Potential Upside | 17.97 |
Knightscope Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knightscope's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knightscope's standard deviation. In reality, there are many statistical measures that can use Knightscope historical prices to predict the future Knightscope's volatility.| Risk Adjusted Performance | 0.0701 | |||
| Jensen Alpha | 0.7245 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | 0.0606 | |||
| Treynor Ratio | 0.5966 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Knightscope's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Knightscope Backtested Returns
Knightscope is risky given 3 months investment horizon. Knightscope has Sharpe Ratio of 0.0853, which conveys that the firm had a 0.0853% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Knightscope Risk Adjusted Performance of 0.0701, mean deviation of 8.42, and Downside Deviation of 12.98 to evaluate company specific risk that cannot be diversified away. Knightscope holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.52, 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, Knightscope will likely underperform. Use Knightscope downside variance, and the relationship between the sortino ratio and accumulation distribution , to analyze future returns on Knightscope.
Auto-correlation | -0.56 |
Good reverse predictability
Knightscope has good reverse predictability. Overlapping area represents the amount of predictability between Knightscope 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 Knightscope price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Knightscope price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 13.57 |
Knightscope lagged returns against current returns
Autocorrelation, which is Knightscope 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 Knightscope's stock expected returns. We can calculate the autocorrelation of Knightscope returns to help us make a trade decision. For example, suppose you find that Knightscope 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 |
Knightscope 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 Knightscope stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knightscope stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knightscope stock over time.
Current vs Lagged Prices |
| Timeline |
Knightscope Lagged Returns
When evaluating Knightscope's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knightscope stock have on its future price. Knightscope 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, Knightscope autocorrelation shows the relationship between Knightscope stock current value and its past values and can show if there is a momentum factor associated with investing in Knightscope.
Regressed Prices |
| Timeline |
Pair Trading with Knightscope
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 Knightscope 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 Knightscope will appreciate offsetting losses from the drop in the long position's value.Moving together with Knightscope Stock
| 0.8 | EHGO | Eshallgo Class A | PairCorr |
| 0.62 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.67 | ASAN | Asana Inc Sell-off Trend | PairCorr |
Moving against Knightscope Stock
| 0.82 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.58 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | PG | Procter Gamble | PairCorr |
The ability to find closely correlated positions to Knightscope could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knightscope 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 Knightscope - 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 Knightscope to buy it.
The correlation of Knightscope 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 Knightscope moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knightscope 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 Knightscope 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.Additional Tools for Knightscope Stock Analysis
When running Knightscope's price analysis, check to measure Knightscope'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 Knightscope is operating at the current time. Most of Knightscope's value examination focuses on studying past and present price action to predict the probability of Knightscope's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knightscope's price. Additionally, you may evaluate how the addition of Knightscope to your portfolios can decrease your overall portfolio volatility.