Kelly Services A Stock Market Value
| KELYA Stock | USD 14.65 0.08 0.54% |
| Symbol | Kelly |
Kelly Services A Price To Book Ratio
Is Human Resource & Employment Services 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 Kelly Services. If investors know Kelly 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 Kelly Services 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 (0.89) | Dividend Share 0.3 | Earnings Share 1.16 | Revenue Per Share 123.616 | Quarterly Revenue Growth (0.07) |
The market value of Kelly Services A is measured differently than its book value, which is the value of Kelly that is recorded on the company's balance sheet. Investors also form their own opinion of Kelly Services' value that differs from its market value or its book value, called intrinsic value, which is Kelly Services' 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 Kelly Services' market value can be influenced by many factors that don't directly affect Kelly Services' 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 Kelly Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kelly Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kelly Services' 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.
Kelly Services '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 Kelly Services' 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 Kelly Services.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kelly Services on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kelly Services A or generate 0.0% return on investment in Kelly Services over 30 days. Kelly Services is related to or competes with Korn Ferry, Heidrick Struggles, Hudson Global, ManpowerGroup, Kforce, Barrett Business, and Robert Half. Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries More
Kelly Services 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 Kelly Services' 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 Kelly Services A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 27.28 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 2.89 |
Kelly Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kelly Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kelly Services' standard deviation. In reality, there are many statistical measures that can use Kelly Services historical prices to predict the future Kelly Services' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kelly Services' 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.
Kelly Services A Backtested Returns
Kelly Services A 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. Kelly Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kelly Services' Mean Deviation of 1.76, standard deviation of 3.15, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.68, 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, Kelly Services will likely underperform. At this point, Kelly Services A has a negative expected return of -0.48%. Please make sure to verify Kelly Services' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Kelly Services A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Kelly Services A has near perfect reversele predictability. Overlapping area represents the amount of predictability between Kelly Services time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Kelly Services A price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Kelly Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Kelly Services A lagged returns against current returns
Autocorrelation, which is Kelly Services 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 Kelly Services' stock expected returns. We can calculate the autocorrelation of Kelly Services returns to help us make a trade decision. For example, suppose you find that Kelly Services 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 |
Kelly Services 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 Kelly Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kelly Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kelly Services stock over time.
Current vs Lagged Prices |
| Timeline |
Kelly Services Lagged Returns
When evaluating Kelly Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kelly Services stock have on its future price. Kelly Services 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, Kelly Services autocorrelation shows the relationship between Kelly Services stock current value and its past values and can show if there is a momentum factor associated with investing in Kelly Services A.
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 Kelly Services A offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kelly Services' 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 Kelly Services A Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kelly Services A Stock:Check out Kelly Services Correlation, Kelly Services Volatility and Kelly Services Alpha and Beta module to complement your research on Kelly Services. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Kelly Services 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.