Kinross Gold Corp Stock Market Value
| K Stock | CAD 11.07 0.03 0.27% |
| Symbol | Kinross |
Kinross Gold Corp Price To Book Ratio
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.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Kinross Gold on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kinross Gold Corp or generate 0.0% return on investment in Kinross Gold over 30 days. 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.3685 | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 4.15 |
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.| Risk Adjusted Performance | 0.2505 | |||
| Jensen Alpha | 0.7902 | |||
| Total Risk Alpha | 0.7102 | |||
| Sortino Ratio | 0.3773 | |||
| Treynor Ratio | 0.6966 |
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.
Kinross Gold Corp Backtested Returns
Kinross Gold appears to be not too volatile, given 3 months investment horizon. Kinross Gold Corp has Sharpe Ratio of 0.33, which conveys that the firm had a 0.33% return per unit of risk over the last 3 months. By analyzing Kinross Gold's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please exercise Kinross Gold's Risk Adjusted Performance of 0.2505, mean deviation of 1.61, and Downside Deviation of 2.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kinross Gold holds a performance score of 26. The company secures a Beta (Market Risk) of 1.19, 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. Please check Kinross Gold's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Kinross Gold's current price movements will revert.
Auto-correlation | 0.40 |
Average predictability
Kinross Gold Corp has average predictability. Overlapping area represents the amount of predictability between Kinross Gold time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 Corp price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Kinross Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kinross Gold Corp 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 Corp.
Regressed Prices |
| Timeline |
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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.