Kinross Gold Stock Market Value

KGC Stock  USD 6.13  0.25  4.25%   
Kinross Gold's market value is the price at which a share of Kinross Gold trades on a public exchange. It measures the collective expectations of Kinross Gold investors about its performance. Kinross Gold is trading at 6.13 as of the 29th of March 2024, a 4.25 percent increase since the beginning of the trading day. The stock's open price was 5.88.
With this module, you can estimate the performance of a buy and hold strategy of Kinross Gold and determine expected loss or profit from investing in Kinross Gold over a given investment horizon. Check out Kinross Gold Correlation, Kinross Gold Volatility and Kinross Gold Alpha and Beta module to complement your research on Kinross Gold.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.
Symbol

Kinross Gold Price To Book Ratio

Is Kinross Gold'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 Kinross Gold. If investors know Kinross 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 Kinross Gold 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
0.809
Dividend Share
0.12
Earnings Share
0.34
Revenue Per Share
3.455
Quarterly Revenue Growth
0.037
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold'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 Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold'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 Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold'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.

Kinross Gold '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 Kinross Gold'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 Kinross Gold.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Kinross Gold on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Kinross Gold or generate 0.0% return on investment in Kinross Gold over 720 days. Kinross Gold is related to or competes with Dakota Gold, NovaGold Resources, Osisko Gold, Seabridge Gold, New Found, Almaden Minerals, and Agnico Eagle. Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of go... More

Kinross Gold 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 Kinross Gold'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 Kinross Gold upside and downside potential and time the market with a certain degree of confidence.

Kinross Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinross Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinross Gold's standard deviation. In reality, there are many statistical measures that can use Kinross Gold historical prices to predict the future Kinross Gold's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinross Gold'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.
Hype
Prediction
LowEstimatedHigh
3.676.128.57
Details
Intrinsic
Valuation
LowRealHigh
3.505.958.40
Details
Naive
Forecast
LowNextHigh
3.375.838.28
Details
17 Analysts
Consensus
LowTargetHigh
5.576.126.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kinross Gold. Your research has to be compared to or analyzed against Kinross Gold's peers to derive any actionable benefits. When done correctly, Kinross Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Kinross Gold.

Kinross Gold Backtested Returns

We consider Kinross Gold somewhat reliable. Kinross Gold has Sharpe Ratio of 0.0387, which conveys that the firm had a 0.0387% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kinross Gold, which you can use to evaluate the volatility of the firm. Please verify Kinross Gold's Risk Adjusted Performance of 0.0142, mean deviation of 1.84, and Downside Deviation of 2.18 to check out if the risk estimate we provide is consistent with the expected return of 0.0949%. Kinross Gold has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.33, 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, Kinross Gold will likely underperform. Kinross Gold right now secures a risk of 2.45%. Please verify Kinross Gold semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Kinross Gold will be following its current price movements.

Auto-correlation

    
  0.38  

Below average predictability

Kinross Gold has below average predictability. Overlapping area represents the amount of predictability between Kinross Gold time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Kinross Gold price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Kinross Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.18

Kinross Gold lagged returns against current returns

Autocorrelation, which is Kinross Gold 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 Kinross Gold's stock expected returns. We can calculate the autocorrelation of Kinross Gold returns to help us make a trade decision. For example, suppose you find that Kinross Gold 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  

Kinross Gold 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 Kinross Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinross Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinross Gold stock over time.
   Current vs Lagged Prices   
       Timeline  

Kinross Gold Lagged Returns

When evaluating Kinross Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinross Gold stock have on its future price. Kinross Gold 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, Kinross Gold autocorrelation shows the relationship between Kinross Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Kinross Gold.
   Regressed Prices   
       Timeline  

Kinross Gold Investors Sentiment

The influence of Kinross Gold'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 Kinross. 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 Kinross Gold's public news can be used to forecast risks associated with an investment in Kinross. The trend in average sentiment can be used to explain how an investor holding Kinross can time the market purely based on public headlines and social activities around Kinross Gold. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Kinross Gold'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 Kinross Gold'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 Kinross Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Kinross Gold.

Kinross Gold Implied Volatility

    
  38.1  
Kinross Gold's implied volatility exposes the market's sentiment of Kinross Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Kinross Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Kinross Gold stock will not fluctuate a lot when Kinross Gold's options are near their expiration.
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 Kinross Gold 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, Kinross Gold's short interest history, or implied volatility extrapolated from Kinross Gold options trading.

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When determining whether Kinross Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kinross Gold's 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 Kinross Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kinross Gold Stock:
Check out Kinross Gold Correlation, Kinross Gold Volatility and Kinross Gold Alpha and Beta module to complement your research on Kinross Gold.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.
Note that the Kinross Gold information on this page should be used as a complementary analysis to other Kinross Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Kinross Stock analysis

When running Kinross Gold's price analysis, check to measure Kinross Gold'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 Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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Kinross Gold 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.
A focus of Kinross Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Kinross Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...