Kaiser Aluminum Stock Market Value
| KALU Stock | USD 87.33 1.53 1.72% |
| Symbol | Kaiser |
Kaiser Aluminum Price To Book Ratio
Is Kaiser Aluminum's industry 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 Kaiser Aluminum. If investors know Kaiser 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 Kaiser Aluminum 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 1.151 | Dividend Share 3.08 | Earnings Share 2.92 | Revenue Per Share 193.046 | Quarterly Revenue Growth (0.07) |
The market value of Kaiser Aluminum is measured differently than its book value, which is the value of Kaiser that is recorded on the company's balance sheet. Investors also form their own opinion of Kaiser Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Kaiser Aluminum'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 Kaiser Aluminum's market value can be influenced by many factors that don't directly affect Kaiser Aluminum'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 Kaiser Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kaiser Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kaiser Aluminum'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.
Kaiser Aluminum '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 Kaiser Aluminum'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 Kaiser Aluminum.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kaiser Aluminum on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kaiser Aluminum or generate 0.0% return on investment in Kaiser Aluminum over 30 days. Kaiser Aluminum is related to or competes with Century Aluminum, China Hongqiao, Constellium, Alcoa Corp, Alumina Limited, and Norsk Hydro. Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the U... More
Kaiser Aluminum 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 Kaiser Aluminum'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 Kaiser Aluminum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.2279 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.61 |
Kaiser Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kaiser Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kaiser Aluminum's standard deviation. In reality, there are many statistical measures that can use Kaiser Aluminum historical prices to predict the future Kaiser Aluminum's volatility.| Risk Adjusted Performance | 0.1769 | |||
| Jensen Alpha | 0.3908 | |||
| Total Risk Alpha | 0.2812 | |||
| Sortino Ratio | 0.2355 | |||
| Treynor Ratio | 0.2659 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kaiser Aluminum's 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.
Kaiser Aluminum Backtested Returns
Kaiser Aluminum appears to be very steady, given 3 months investment horizon. Kaiser Aluminum has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kaiser Aluminum, which you can use to evaluate the volatility of the firm. Please exercise Kaiser Aluminum's Downside Deviation of 2.08, risk adjusted performance of 0.1769, and Mean Deviation of 1.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kaiser Aluminum holds a performance score of 15. The company secures a Beta (Market Risk) of 2.16, 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, Kaiser Aluminum will likely underperform. Please check Kaiser Aluminum's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Kaiser Aluminum's current price movements will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Kaiser Aluminum has modest reverse predictability. Overlapping area represents the amount of predictability between Kaiser Aluminum time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Kaiser Aluminum price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Kaiser Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Kaiser Aluminum lagged returns against current returns
Autocorrelation, which is Kaiser Aluminum 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 Kaiser Aluminum's stock expected returns. We can calculate the autocorrelation of Kaiser Aluminum returns to help us make a trade decision. For example, suppose you find that Kaiser Aluminum 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 |
Kaiser Aluminum 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 Kaiser Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kaiser Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kaiser Aluminum stock over time.
Current vs Lagged Prices |
| Timeline |
Kaiser Aluminum Lagged Returns
When evaluating Kaiser Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kaiser Aluminum stock have on its future price. Kaiser Aluminum 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, Kaiser Aluminum autocorrelation shows the relationship between Kaiser Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Kaiser Aluminum.
Regressed Prices |
| Timeline |
Kaiser Aluminum Investors Sentiment
The influence of Kaiser Aluminum's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Kaiser. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Kaiser Aluminum's public news can be used to forecast risks associated with an investment in Kaiser. The trend in average sentiment can be used to explain how an investor holding Kaiser can time the market purely based on public headlines and social activities around Kaiser Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Kaiser Aluminum's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Kaiser Aluminum's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Kaiser Aluminum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Kaiser Aluminum.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kaiser Aluminum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kaiser Aluminum's short interest history, or implied volatility extrapolated from Kaiser Aluminum options trading.
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Try AI Portfolio ArchitectCheck out Kaiser Aluminum Correlation, Kaiser Aluminum Volatility and Kaiser Aluminum Alpha and Beta module to complement your research on Kaiser Aluminum. For more information on how to buy Kaiser Stock please use our How to Invest in Kaiser Aluminum guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Kaiser Stock analysis
When running Kaiser Aluminum's price analysis, check to measure Kaiser Aluminum'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 Kaiser Aluminum is operating at the current time. Most of Kaiser Aluminum's value examination focuses on studying past and present price action to predict the probability of Kaiser Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kaiser Aluminum's price. Additionally, you may evaluate how the addition of Kaiser Aluminum to your portfolios can decrease your overall portfolio volatility.
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Kaiser Aluminum 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.