Tko Group Holdings, Stock Beta
| TKO Stock | 142.48 0.95 0.66% |
TKO Group Holdings, fundamentals help investors to digest information that contributes to TKO Group's financial success or failures. It also enables traders to predict the movement of TKO Stock. The fundamental analysis module provides a way to measure TKO Group's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TKO Group stock.
TKO | Beta |
TKO Group Holdings, Company Beta Analysis
TKO Group's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
TKO Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for TKO Group is extremely important. It helps to project a fair market value of TKO Stock properly, considering its historical fundamentals such as Beta. Since TKO Group's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TKO Group's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TKO Group's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, TKO Group Holdings, has a Beta of 0.0. This is 100.0% lower than that of the Entertainment sector and about the same as Communication Services (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
TKO Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TKO Group's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TKO Group could also be used in its relative valuation, which is a method of valuing TKO Group by comparing valuation metrics of similar companies.TKO Group is currently under evaluation in beta category among its peers.
TKO Group ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TKO Group's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TKO Group's managers, analysts, and investors.Environmental | Governance | Social |
TKO Fundamentals
| Return On Equity | -0.0065 | ||||
| Return On Asset | 0.012 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 14 B | ||||
| Shares Outstanding | 81.15 M | ||||
| Shares Owned By Insiders | 14.30 % | ||||
| Shares Owned By Institutions | 94.04 % | ||||
| Number Of Shares Shorted | 5.15 M | ||||
| Price To Book | 2.84 X | ||||
| Price To Sales | 4.13 X | ||||
| Revenue | 1.67 B | ||||
| Gross Profit | 814.56 M | ||||
| EBITDA | 611.09 M | ||||
| Net Income | 175.72 M | ||||
| Cash And Equivalents | 220.23 M | ||||
| Total Debt | 3.03 B | ||||
| Book Value Per Share | 49.84 X | ||||
| Cash Flow From Operations | 468.38 M | ||||
| Short Ratio | 5.08 X | ||||
| Earnings Per Share | (0.44) X | ||||
| Target Price | 142.69 | ||||
| Market Capitalization | 11.47 B | ||||
| Total Asset | 12.69 B | ||||
| Retained Earnings | (135.23 M) | ||||
| Working Capital | 20.29 M | ||||
| Net Asset | 12.69 B |
About TKO Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TKO Group Holdings,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TKO Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TKO Group Holdings, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TKO Group
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 TKO Group 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 TKO Group will appreciate offsetting losses from the drop in the long position's value.Moving together with TKO Stock
Moving against TKO Stock
| 0.48 | KUKE | Kuke Music Holding | PairCorr |
| 0.39 | TV | Grupo Televisa SAB | PairCorr |
| 0.39 | SPHR | Sphere Entertainment | PairCorr |
| 0.38 | TU | Telus Corp | PairCorr |
| 0.31 | IAS | Integral Ad Science | PairCorr |
The ability to find closely correlated positions to TKO Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TKO Group 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 TKO Group - 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 TKO Group Holdings, to buy it.
The correlation of TKO Group 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 TKO Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TKO Group Holdings, 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 TKO Group 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 TKO Group Piotroski F Score and TKO Group Altman Z Score analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Movies & Entertainment 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 TKO Group. If investors know TKO 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 TKO Group 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 (0.24) | Earnings Share (0.44) | Revenue Per Share 34.069 | Quarterly Revenue Growth 0.517 | Return On Assets 0.012 |
The market value of TKO Group Holdings, is measured differently than its book value, which is the value of TKO that is recorded on the company's balance sheet. Investors also form their own opinion of TKO Group's value that differs from its market value or its book value, called intrinsic value, which is TKO Group'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 TKO Group's market value can be influenced by many factors that don't directly affect TKO Group'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 TKO Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if TKO Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TKO Group'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.