Kinetik Holdings Stock Market Value
| KNTK Stock | USD 59.02 0.36 0.61% |
| Symbol | Kinetik |
Kinetik Holdings 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 Kinetik Holdings. If investors know Kinetik 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 Kinetik Holdings 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 0.672 | Dividend Share 3.03 | Earnings Share 2.97 | Revenue Per Share 24.799 | Quarterly Revenue Growth 0.2 |
The market value of Kinetik Holdings is measured differently than its book value, which is the value of Kinetik that is recorded on the company's balance sheet. Investors also form their own opinion of Kinetik Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kinetik Holdings' 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 Kinetik Holdings' market value can be influenced by many factors that don't directly affect Kinetik Holdings' 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 Kinetik Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinetik Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinetik Holdings' 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.
Kinetik Holdings '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 Kinetik Holdings' 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 Kinetik Holdings.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kinetik Holdings on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetik Holdings or generate 0.0% return on investment in Kinetik Holdings over 180 days. Kinetik Holdings is related to or competes with Western Midstream, DT Midstream, MPLX LP, Hess Midstream, EnLink Midstream, Plains All, and Genesis Energy. Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin More
Kinetik Holdings 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 Kinetik Holdings' 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 Kinetik Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.2001 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.19 |
Kinetik Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetik Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetik Holdings' standard deviation. In reality, there are many statistical measures that can use Kinetik Holdings historical prices to predict the future Kinetik Holdings' volatility.| Risk Adjusted Performance | 0.2112 | |||
| Jensen Alpha | 0.4405 | |||
| Total Risk Alpha | 0.1947 | |||
| Sortino Ratio | 0.2212 | |||
| Treynor Ratio | 0.7405 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetik Holdings' 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.
Kinetik Holdings Backtested Returns
Kinetik Holdings appears to be very steady, given 3 months investment horizon. Kinetik Holdings has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Kinetik Holdings' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Kinetik Holdings' Mean Deviation of 1.48, risk adjusted performance of 0.2112, and Downside Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kinetik Holdings holds a performance score of 21. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kinetik Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinetik Holdings is expected to be smaller as well. Please check Kinetik Holdings' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Kinetik Holdings' current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Kinetik Holdings has good predictability. Overlapping area represents the amount of predictability between Kinetik Holdings time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Kinetik Holdings price movement. The serial correlation of 0.69 indicates that around 69.0% of current Kinetik Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 32.02 |
Kinetik Holdings lagged returns against current returns
Autocorrelation, which is Kinetik Holdings 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 Kinetik Holdings' stock expected returns. We can calculate the autocorrelation of Kinetik Holdings returns to help us make a trade decision. For example, suppose you find that Kinetik Holdings 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 |
Kinetik Holdings 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 Kinetik Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetik Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinetik Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Kinetik Holdings Lagged Returns
When evaluating Kinetik Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetik Holdings stock have on its future price. Kinetik Holdings 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, Kinetik Holdings autocorrelation shows the relationship between Kinetik Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Kinetik Holdings.
Regressed Prices |
| Timeline |
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Kinetik Holdings 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.