Key Tronic Stock Market Value
| KTCC Stock | USD 4.61 0.10 2.22% |
| Symbol | Key |
Is Key Tronic'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 Key Tronic. If investors know Key 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 Key Tronic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Key Tronic is measured differently than its book value, which is the value of Key that is recorded on the company's balance sheet. Investors also form their own opinion of Key Tronic's value that differs from its market value or its book value, called intrinsic value, which is Key Tronic'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 Key Tronic's market value can be influenced by many factors that don't directly affect Key Tronic'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 Key Tronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Key Tronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Key Tronic'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.
Key Tronic '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 Key Tronic'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 Key Tronic.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Key Tronic on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Key Tronic or generate 0.0% return on investment in Key Tronic over 30 days. Key Tronic is related to or competes with AGM Group, TransAct Technologies, AstroNova, Quantum, Identiv, and Red Cat. Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States... More
Key Tronic 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 Key Tronic'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 Key Tronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.9 |
Key Tronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Key Tronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Key Tronic's standard deviation. In reality, there are many statistical measures that can use Key Tronic historical prices to predict the future Key Tronic's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1167 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Key Tronic'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.
Key Tronic Backtested Returns
We consider Key Tronic somewhat reliable. Key Tronic has Sharpe Ratio of 0.0515, which conveys that the firm had a 0.0515% return per unit of risk over the last 3 months. We have found thirty technical indicators for Key Tronic, which you can use to evaluate the volatility of the firm. Please verify Key Tronic's Risk Adjusted Performance of 0.0381, downside deviation of 1.45, and Mean Deviation of 1.19 to check out if the risk estimate we provide is consistent with the expected return of 0.0796%. Key Tronic has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Key Tronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Key Tronic is expected to be smaller as well. Key Tronic right now secures a risk of 1.55%. Please verify Key Tronic potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to decide if Key Tronic will be following its current price movements.
Auto-correlation | 0.43 |
Average predictability
Key Tronic has average predictability. Overlapping area represents the amount of predictability between Key Tronic 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 Key Tronic price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Key Tronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Key Tronic lagged returns against current returns
Autocorrelation, which is Key Tronic 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 Key Tronic's stock expected returns. We can calculate the autocorrelation of Key Tronic returns to help us make a trade decision. For example, suppose you find that Key Tronic 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 |
Key Tronic 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 Key Tronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Key Tronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Key Tronic stock over time.
Current vs Lagged Prices |
| Timeline |
Key Tronic Lagged Returns
When evaluating Key Tronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Key Tronic stock have on its future price. Key Tronic 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, Key Tronic autocorrelation shows the relationship between Key Tronic stock current value and its past values and can show if there is a momentum factor associated with investing in Key Tronic.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Key Tronic Correlation, Key Tronic Volatility and Key Tronic Alpha and Beta module to complement your research on Key Tronic. For information on how to trade Key Stock refer to our How to Trade Key Stock guide.Note that the Key Tronic information on this page should be used as a complementary analysis to other Key Tronic'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Key Stock analysis
When running Key Tronic's price analysis, check to measure Key Tronic'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 Key Tronic is operating at the current time. Most of Key Tronic's value examination focuses on studying past and present price action to predict the probability of Key Tronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Key Tronic's price. Additionally, you may evaluate how the addition of Key Tronic to your portfolios can decrease your overall portfolio volatility.
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Key Tronic 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.