Kinaxis Stock Odds of Future Stock Price Finishing Over 102.55
| KXS Stock | CAD 151.57 0.11 0.07% |
Kinaxis |
Kinaxis Target Price Odds to finish over 102.55
The tendency of Kinaxis Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above C$ 102.55 in 90 days |
| 151.57 | 90 days | 102.55 | close to 99 |
Based on a normal probability distribution, the odds of Kinaxis to stay above C$ 102.55 in 90 days from now is close to 99 (This Kinaxis probability density function shows the probability of Kinaxis Stock to fall within a particular range of prices over 90 days) . Probability of Kinaxis price to stay between C$ 102.55 and its current price of C$151.57 at the end of the 90-day period is about 30.79 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.21 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Kinaxis will likely underperform. Additionally Kinaxis has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Kinaxis Price Density |
| Price |
Predictive Modules for Kinaxis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kinaxis. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinaxis' 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.
Kinaxis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kinaxis is not an exception. The market had few large corrections towards the Kinaxis' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Kinaxis, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kinaxis within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.09 | |
β | Beta against NYSE Composite | 1.21 | |
σ | Overall volatility | 6.33 | |
Ir | Information ratio | -0.04 |
Kinaxis Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Kinaxis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kinaxis can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kinaxis generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Kinaxis Inc. to Host First Quarter 2024 Financial Results Conference Call on May 9, 2024 - Yahoo Finance |
Kinaxis Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Kinaxis Stock often depends not only on the future outlook of the current and potential Kinaxis' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Kinaxis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.5 M |
Kinaxis Technical Analysis
Kinaxis' future price can be derived by breaking down and analyzing its technical indicators over time. Kinaxis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kinaxis. In general, you should focus on analyzing Kinaxis Stock price patterns and their correlations with different microeconomic environments and drivers.
Kinaxis Predictive Forecast Models
Kinaxis' time-series forecasting models is one of many Kinaxis' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Kinaxis' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Kinaxis
Checking the ongoing alerts about Kinaxis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kinaxis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kinaxis generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Kinaxis Inc. to Host First Quarter 2024 Financial Results Conference Call on May 9, 2024 - Yahoo Finance |
Check out Kinaxis Backtesting, Kinaxis Valuation, Kinaxis Correlation, Kinaxis Hype Analysis, Kinaxis Volatility, Kinaxis History as well as Kinaxis Performance. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Kinaxis Stock analysis
When running Kinaxis' price analysis, check to measure Kinaxis' 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 Kinaxis is operating at the current time. Most of Kinaxis' value examination focuses on studying past and present price action to predict the probability of Kinaxis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinaxis' price. Additionally, you may evaluate how the addition of Kinaxis to your portfolios can decrease your overall portfolio volatility.
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