Key Tronic Stock Market Value
| KTCC Stock | USD 5.39 0.22 3.92% |
| Symbol | Key |
Key Tronic 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 Key Tronic. If investors know Key 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 Key Tronic 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 (0.88) | Earnings Share (0.19) | Revenue Per Share 50.956 | Quarterly Revenue Growth 0.143 | Return On Assets 0.0133 |
The market value of Key Tronic is measured differently than its book value, which is the value of Key that is recorded on the company's balance sheet. Investors also form their own opinion of Key Tronic's value that differs from its market value or its book value, called intrinsic value, which is Key Tronic'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 Key Tronic's market value can be influenced by many factors that don't directly affect Key Tronic'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 Key Tronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Key Tronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Key Tronic'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.
Key Tronic '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 Key Tronic'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 Key Tronic.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Key Tronic on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Key Tronic or generate 0.0% return on investment in Key Tronic over 30 days. Key Tronic is related to or competes with AGM Group, TransAct Technologies, AstroNova, Quantum, Identiv, and Red Cat. Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States... More
Key Tronic 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 Key Tronic'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 Key Tronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1243 | |||
| Maximum Drawdown | 14.47 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.01 |
Key Tronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Key Tronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Key Tronic's standard deviation. In reality, there are many statistical measures that can use Key Tronic historical prices to predict the future Key Tronic's volatility.| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 0.4003 | |||
| Total Risk Alpha | 0.0504 | |||
| Sortino Ratio | 0.1219 | |||
| Treynor Ratio | (2.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Key Tronic'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.
Key Tronic Backtested Returns
Key Tronic appears to be somewhat reliable, given 3 months investment horizon. Key Tronic has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Key Tronic, which you can use to evaluate the volatility of the firm. Please exercise Key Tronic's Mean Deviation of 1.48, risk adjusted performance of 0.149, and Downside Deviation of 2.16 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Key Tronic holds a performance score of 12. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Key Tronic are expected to decrease at a much lower rate. During the bear market, Key Tronic is likely to outperform the market. Please check Key Tronic's potential upside, accumulation distribution, period momentum indicator, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Key Tronic's current price movements will revert.
Auto-correlation | 0.20 |
Weak predictability
Key Tronic has weak predictability. Overlapping area represents the amount of predictability between Key Tronic time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Key Tronic price movement. The serial correlation of 0.2 indicates that over 20.0% of current Key Tronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Key Tronic lagged returns against current returns
Autocorrelation, which is Key Tronic 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 Key Tronic's stock expected returns. We can calculate the autocorrelation of Key Tronic returns to help us make a trade decision. For example, suppose you find that Key Tronic 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 |
Key Tronic 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 Key Tronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Key Tronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Key Tronic stock over time.
Current vs Lagged Prices |
| Timeline |
Key Tronic Lagged Returns
When evaluating Key Tronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Key Tronic stock have on its future price. Key Tronic 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, Key Tronic autocorrelation shows the relationship between Key Tronic stock current value and its past values and can show if there is a momentum factor associated with investing in Key Tronic.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Key Tronic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Key Tronic's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Key Tronic Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Key Tronic Stock:Check out Key Tronic Correlation, Key Tronic Volatility and Key Tronic Alpha and Beta module to complement your research on Key Tronic. For information on how to trade Key Stock refer to our How to Trade Key Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Key Tronic 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.