World Kinect Stock Market Value
| WKC Stock | 28.02 0.22 0.79% |
| Symbol | World |
World Kinect Price To Book Ratio
Is Oil & Gas Exploration & Production 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 World Kinect. If investors know World 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 World Kinect 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 (0.02) | Dividend Share 0.65 | Earnings Share 2.27 | Revenue Per Share 743.272 | Quarterly Revenue Growth (0.14) |
The market value of World Kinect is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Kinect's value that differs from its market value or its book value, called intrinsic value, which is World Kinect'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 World Kinect's market value can be influenced by many factors that don't directly affect World Kinect'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 World Kinect's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Kinect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Kinect'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.
World Kinect '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 World Kinect'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 World Kinect.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in World Kinect on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding World Kinect or generate 0.0% return on investment in World Kinect over 30 days. World Kinect is related to or competes with LAir Liquide, Afya, Pearson PLC, Westinghouse Air, Bright Scholar, and Air Lease. World Kinect is entity of United States. It is traded as Stock on NYSE exchange. More
World Kinect 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 World Kinect'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 World Kinect upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.67 |
World Kinect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Kinect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Kinect's standard deviation. In reality, there are many statistical measures that can use World Kinect historical prices to predict the future World Kinect's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0398 |
World Kinect Backtested Returns
At this point, World Kinect is very steady. World Kinect shows Sharpe Ratio of 0.0103, which attests that the company had a 0.0103% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for World Kinect, which you can use to evaluate the volatility of the company. Please check out World Kinect's Market Risk Adjusted Performance of 0.0498, downside deviation of 3.17, and Mean Deviation of 1.31 to validate if the risk estimate we provide is consistent with the expected return of 0.0261%. The firm maintains a market beta of 1.53, which attests to 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, World Kinect will likely underperform. World Kinect right now maintains a risk of 2.52%. Please check out World Kinect skewness, and the relationship between the potential upside and rate of daily change , to decide if World Kinect will be following its historical returns.
Auto-correlation | 0.37 |
Below average predictability
World Kinect has below average predictability. Overlapping area represents the amount of predictability between World Kinect 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 World Kinect price movement. The serial correlation of 0.37 indicates that just about 37.0% of current World Kinect price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
World Kinect lagged returns against current returns
Autocorrelation, which is World Kinect 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 World Kinect's stock expected returns. We can calculate the autocorrelation of World Kinect returns to help us make a trade decision. For example, suppose you find that World Kinect 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 |
World Kinect 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 World Kinect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Kinect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Kinect stock over time.
Current vs Lagged Prices |
| Timeline |
World Kinect Lagged Returns
When evaluating World Kinect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Kinect stock have on its future price. World Kinect 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, World Kinect autocorrelation shows the relationship between World Kinect stock current value and its past values and can show if there is a momentum factor associated with investing in World Kinect.
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 World Kinect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of World Kinect'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 World Kinect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on World Kinect Stock:Check out World Kinect Correlation, World Kinect Volatility and World Kinect Alpha and Beta module to complement your research on World Kinect. For information on how to trade World Stock refer to our How to Trade World Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
World Kinect 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.