Kinaxis Stock Beta
| KXS Stock | CAD 151.71 0.80 0.52% |
Kinaxis fundamentals help investors to digest information that contributes to Kinaxis' financial success or failures. It also enables traders to predict the movement of Kinaxis Stock. The fundamental analysis module provides a way to measure Kinaxis' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Kinaxis stock.
Kinaxis | Beta |
Kinaxis Company Beta Analysis
Kinaxis' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Kinaxis Beta | 0.76 |
Most of Kinaxis' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Kinaxis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kinaxis Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Kinaxis is extremely important. It helps to project a fair market value of Kinaxis Stock properly, considering its historical fundamentals such as Beta. Since Kinaxis' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Kinaxis' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Kinaxis' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Kinaxis has a Beta of 0.762. This is 28.11% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all Canada stocks is notably lower than that of the firm.
Kinaxis Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kinaxis' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kinaxis could also be used in its relative valuation, which is a method of valuing Kinaxis by comparing valuation metrics of similar companies.Kinaxis is currently under evaluation in beta category among related companies.
Kinaxis Current Valuation Drivers
We derive many important indicators used in calculating different scores of Kinaxis from analyzing Kinaxis' financial statements. These drivers represent accounts that assess Kinaxis' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Kinaxis' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.0B | 4.0B | 3.8B | 3.1B | 3.2B | 3.3B | |
| Enterprise Value | 1.8B | 3.8B | 3.6B | 3.0B | 3.1B | 3.2B |
As returns on the market increase, Kinaxis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinaxis is expected to be smaller as well.
Kinaxis Fundamentals
| Return On Equity | 0.0235 | ||||
| Return On Asset | 0.0132 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 4.03 B | ||||
| Shares Outstanding | 28.33 M | ||||
| Shares Owned By Insiders | 1.10 % | ||||
| Shares Owned By Institutions | 48.60 % | ||||
| Number Of Shares Shorted | 220.69 K | ||||
| Price To Earning | 252.28 X | ||||
| Price To Book | 6.89 X | ||||
| Price To Sales | 10.04 X | ||||
| Revenue | 426.97 M | ||||
| Gross Profit | 235.79 M | ||||
| EBITDA | 28.75 M | ||||
| Net Income | 10.06 M | ||||
| Cash And Equivalents | 175.35 M | ||||
| Cash Per Share | 7.90 X | ||||
| Total Debt | 56.97 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 2.84 X | ||||
| Book Value Per Share | 16.00 X | ||||
| Cash Flow From Operations | 79.36 M | ||||
| Short Ratio | 3.97 X | ||||
| Earnings Per Share | 0.49 X | ||||
| Price To Earnings To Growth | 1.82 X | ||||
| Target Price | 194.94 | ||||
| Beta | 0.76 | ||||
| Market Capitalization | 4.32 B | ||||
| Total Asset | 691.98 M | ||||
| Retained Earnings | 101.8 M | ||||
| Working Capital | 281.28 M | ||||
| Current Asset | 244.41 M | ||||
| Current Liabilities | 75.08 M | ||||
| Net Asset | 691.98 M |
About Kinaxis Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kinaxis's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kinaxis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kinaxis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Kinaxis 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, Kinaxis' short interest history, or implied volatility extrapolated from Kinaxis options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinaxis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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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