Kayne Anderson Mlp Stock Market Value
| KYN Stock | USD 13.34 0.19 1.40% |
| Symbol | Kayne |
Kayne Anderson MLP Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Kayne Anderson. If investors know Kayne 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 Kayne Anderson 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 0.26 | Dividend Share 0.9 | Earnings Share 3.01 | Revenue Per Share 0.533 | Quarterly Revenue Growth 0.017 |
The market value of Kayne Anderson MLP is measured differently than its book value, which is the value of Kayne that is recorded on the company's balance sheet. Investors also form their own opinion of Kayne Anderson's value that differs from its market value or its book value, called intrinsic value, which is Kayne Anderson'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 Kayne Anderson's market value can be influenced by many factors that don't directly affect Kayne Anderson'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 Kayne Anderson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kayne Anderson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kayne Anderson'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.
Kayne Anderson '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 Kayne Anderson'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 Kayne Anderson.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Kayne Anderson on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Kayne Anderson MLP or generate 0.0% return on investment in Kayne Anderson over 690 days. Kayne Anderson is related to or competes with Tortoise Energy, Cohen, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC More
Kayne Anderson 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 Kayne Anderson'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 Kayne Anderson MLP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9776 | |||
| Information Ratio | 0.2344 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.41 |
Kayne Anderson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kayne Anderson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kayne Anderson's standard deviation. In reality, there are many statistical measures that can use Kayne Anderson historical prices to predict the future Kayne Anderson's volatility.| Risk Adjusted Performance | 0.271 | |||
| Jensen Alpha | 0.3085 | |||
| Total Risk Alpha | 0.2064 | |||
| Sortino Ratio | 0.2657 | |||
| Treynor Ratio | 0.6423 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kayne Anderson'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.
Kayne Anderson MLP Backtested Returns
Kayne Anderson appears to be very steady, given 3 months investment horizon. Kayne Anderson MLP has Sharpe Ratio of 0.37, which conveys that the firm had a 0.37% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kayne Anderson, which you can use to evaluate the volatility of the firm. Please exercise Kayne Anderson's Risk Adjusted Performance of 0.271, mean deviation of 0.8787, and Downside Deviation of 0.9776 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kayne Anderson holds a performance score of 28. The company secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kayne Anderson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kayne Anderson is expected to be smaller as well. Please check Kayne Anderson's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Kayne Anderson's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
Kayne Anderson MLP has below average predictability. Overlapping area represents the amount of predictability between Kayne Anderson time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Kayne Anderson MLP price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Kayne Anderson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
Kayne Anderson MLP lagged returns against current returns
Autocorrelation, which is Kayne Anderson 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 Kayne Anderson's stock expected returns. We can calculate the autocorrelation of Kayne Anderson returns to help us make a trade decision. For example, suppose you find that Kayne Anderson 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 |
Kayne Anderson 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 Kayne Anderson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kayne Anderson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kayne Anderson stock over time.
Current vs Lagged Prices |
| Timeline |
Kayne Anderson Lagged Returns
When evaluating Kayne Anderson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kayne Anderson stock have on its future price. Kayne Anderson 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, Kayne Anderson autocorrelation shows the relationship between Kayne Anderson stock current value and its past values and can show if there is a momentum factor associated with investing in Kayne Anderson MLP.
Regressed Prices |
| Timeline |
Pair Trading with Kayne Anderson
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 Kayne Anderson 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 Kayne Anderson will appreciate offsetting losses from the drop in the long position's value.Moving together with Kayne Stock
Moving against Kayne Stock
The ability to find closely correlated positions to Kayne Anderson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kayne Anderson 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 Kayne Anderson - 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 Kayne Anderson MLP to buy it.
The correlation of Kayne Anderson 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 Kayne Anderson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kayne Anderson MLP 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 Kayne Anderson 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 Kayne Anderson Correlation, Kayne Anderson Volatility and Kayne Anderson Alpha and Beta module to complement your research on Kayne Anderson. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Kayne Anderson 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.