Knowles Cor Stock Market Value
| KN Stock | USD 19.40 0.14 0.72% |
| Symbol | Knowles |
Knowles Cor 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 Knowles Cor. If investors know Knowles 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 Knowles Cor 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 (0.98) | Earnings Share 0.51 | Revenue Per Share 8.96 | Quarterly Revenue Growth 0.318 | Return On Assets 0.0329 |
The market value of Knowles Cor is measured differently than its book value, which is the value of Knowles that is recorded on the company's balance sheet. Investors also form their own opinion of Knowles Cor's value that differs from its market value or its book value, called intrinsic value, which is Knowles Cor'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 Knowles Cor's market value can be influenced by many factors that don't directly affect Knowles Cor'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 Knowles Cor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knowles Cor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knowles Cor'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.
Knowles Cor '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 Knowles Cor'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 Knowles Cor.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Knowles Cor on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Knowles Cor or generate 0.0% return on investment in Knowles Cor over 30 days. Knowles Cor is related to or competes with IONQ, Quantum, Super Micro, Red Cat, Stratasys, and Nano Dimension. Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance ... More
Knowles Cor 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 Knowles Cor'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 Knowles Cor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0895 | |||
| Maximum Drawdown | 12.11 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.56 |
Knowles Cor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knowles Cor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knowles Cor's standard deviation. In reality, there are many statistical measures that can use Knowles Cor historical prices to predict the future Knowles Cor's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.162 | |||
| Total Risk Alpha | 0.1438 | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | 0.116 |
Knowles Cor Backtested Returns
Knowles Cor appears to be very steady, given 3 months investment horizon. Knowles Cor has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Knowles Cor, which you can use to evaluate the volatility of the firm. Please exercise Knowles Cor's Downside Deviation of 1.7, risk adjusted performance of 0.0904, and Mean Deviation of 1.5 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Knowles Cor holds a performance score of 8. The company secures a Beta (Market Risk) of 1.75, 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, Knowles Cor will likely underperform. Please check Knowles Cor's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Knowles Cor's current price movements will revert.
Auto-correlation | 0.42 |
Average predictability
Knowles Cor has average predictability. Overlapping area represents the amount of predictability between Knowles Cor time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 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 Knowles Cor price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Knowles Cor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Knowles Cor lagged returns against current returns
Autocorrelation, which is Knowles Cor 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 Knowles Cor's stock expected returns. We can calculate the autocorrelation of Knowles Cor returns to help us make a trade decision. For example, suppose you find that Knowles Cor 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 |
Knowles Cor 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 Knowles Cor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knowles Cor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knowles Cor stock over time.
Current vs Lagged Prices |
| Timeline |
Knowles Cor Lagged Returns
When evaluating Knowles Cor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knowles Cor stock have on its future price. Knowles Cor 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, Knowles Cor autocorrelation shows the relationship between Knowles Cor stock current value and its past values and can show if there is a momentum factor associated with investing in Knowles Cor.
Regressed Prices |
| Timeline |
Pair Trading with Knowles Cor
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 Knowles Cor 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 Knowles Cor will appreciate offsetting losses from the drop in the long position's value.Moving together with Knowles Stock
Moving against Knowles Stock
| 0.79 | DM | Desktop Metal | PairCorr |
| 0.78 | WBX | Wallbox NV | PairCorr |
| 0.74 | CDW | CDW Corp | PairCorr |
| 0.69 | INFN | Infinera | PairCorr |
| 0.6 | STX | Seagate Technology PLC | PairCorr |
The ability to find closely correlated positions to Knowles Cor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knowles Cor 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 Knowles Cor - 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 Knowles Cor to buy it.
The correlation of Knowles Cor 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 Knowles Cor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knowles Cor 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 Knowles Cor 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 Knowles Cor Correlation, Knowles Cor Volatility and Knowles Cor Alpha and Beta module to complement your research on Knowles Cor. To learn how to invest in Knowles Stock, please use our How to Invest in Knowles Cor guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Knowles Cor 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.