Knot Offshore Partners Stock Market Value
| KNOP Stock | USD 5.37 0.04 0.74% |
| Symbol | KNOT |
KNOT Offshore Partners 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 KNOT Offshore. If investors know KNOT 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 KNOT Offshore 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 (0.21) | Earnings Share (0.61) | Revenue Per Share 8.478 | Quarterly Revenue Growth 0.027 | Return On Assets 0.0298 |
The market value of KNOT Offshore Partners is measured differently than its book value, which is the value of KNOT that is recorded on the company's balance sheet. Investors also form their own opinion of KNOT Offshore's value that differs from its market value or its book value, called intrinsic value, which is KNOT Offshore'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 KNOT Offshore's market value can be influenced by many factors that don't directly affect KNOT Offshore'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 KNOT Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if KNOT Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KNOT Offshore'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.
KNOT Offshore '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 KNOT Offshore'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 KNOT Offshore.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in KNOT Offshore on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding KNOT Offshore Partners or generate 0.0% return on investment in KNOT Offshore over 720 days. KNOT Offshore is related to or competes with USA Compression, Dynagas LNG, Crossamerica Partners, and Delek Logistics. KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Bra... More
KNOT Offshore 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 KNOT Offshore'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 KNOT Offshore Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.36 |
KNOT Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KNOT Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KNOT Offshore's standard deviation. In reality, there are many statistical measures that can use KNOT Offshore historical prices to predict the future KNOT Offshore's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.09) |
KNOT Offshore Partners Backtested Returns
KNOT Offshore Partners has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of volatility over the last 3 months. KNOT Offshore exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KNOT Offshore's risk adjusted performance of (0.13), and Mean Deviation of 1.26 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KNOT Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding KNOT Offshore is expected to be smaller as well. At this point, KNOT Offshore Partners has a negative expected return of -0.36%. Please make sure to verify KNOT Offshore's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if KNOT Offshore Partners performance from the past will be repeated at future time.
Auto-correlation | 0.09 |
Virtually no predictability
KNOT Offshore Partners has virtually no predictability. Overlapping area represents the amount of predictability between KNOT Offshore time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 KNOT Offshore Partners price movement. The serial correlation of 0.09 indicates that less than 9.0% of current KNOT Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
KNOT Offshore Partners lagged returns against current returns
Autocorrelation, which is KNOT Offshore 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 KNOT Offshore's stock expected returns. We can calculate the autocorrelation of KNOT Offshore returns to help us make a trade decision. For example, suppose you find that KNOT Offshore 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 |
KNOT Offshore 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 KNOT Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KNOT Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KNOT Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
KNOT Offshore Lagged Returns
When evaluating KNOT Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KNOT Offshore stock have on its future price. KNOT Offshore 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, KNOT Offshore autocorrelation shows the relationship between KNOT Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in KNOT Offshore Partners.
Regressed Prices |
| Timeline |
Pair Trading with KNOT Offshore
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 KNOT Offshore 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 KNOT Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with KNOT Stock
Moving against KNOT Stock
The ability to find closely correlated positions to KNOT Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KNOT Offshore 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 KNOT Offshore - 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 KNOT Offshore Partners to buy it.
The correlation of KNOT Offshore 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 KNOT Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KNOT Offshore Partners 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 KNOT Offshore 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.Additional Tools for KNOT Stock Analysis
When running KNOT Offshore's price analysis, check to measure KNOT Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy KNOT Offshore is operating at the current time. Most of KNOT Offshore's value examination focuses on studying past and present price action to predict the probability of KNOT Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KNOT Offshore's price. Additionally, you may evaluate how the addition of KNOT Offshore to your portfolios can decrease your overall portfolio volatility.