Kanzhun Ltd Adr Stock Market Value
| BZ Stock | USD 21.32 0.45 2.16% |
| Symbol | Kanzhun |
Kanzhun Ltd ADR Price To Book Ratio
Is Kanzhun'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 Kanzhun. If investors know Kanzhun 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 Kanzhun 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 1.047 | Earnings Share 0.34 | Revenue Per Share 13.678 | Quarterly Revenue Growth 0.46 | Return On Assets 0.0222 |
The market value of Kanzhun Ltd ADR is measured differently than its book value, which is the value of Kanzhun that is recorded on the company's balance sheet. Investors also form their own opinion of Kanzhun's value that differs from its market value or its book value, called intrinsic value, which is Kanzhun'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 Kanzhun's market value can be influenced by many factors that don't directly affect Kanzhun'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 Kanzhun's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kanzhun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kanzhun'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.
Kanzhun '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 Kanzhun'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 Kanzhun.
| 05/25/2022 |
| 05/14/2024 |
If you would invest 0.00 in Kanzhun on May 25, 2022 and sell it all today you would earn a total of 0.00 from holding Kanzhun Ltd ADR or generate 0.0% return on investment in Kanzhun over 720 days. Kanzhun is related to or competes with Ziprecruiter, Automatic Data, Robert Half, TrueBlue, ManpowerGroup, Kforce, and Kelly Services. Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the Peoples Republic of China More
Kanzhun 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 Kanzhun'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 Kanzhun Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1725 | |||
| Maximum Drawdown | 24.07 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 4.41 |
Kanzhun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kanzhun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kanzhun's standard deviation. In reality, there are many statistical measures that can use Kanzhun historical prices to predict the future Kanzhun's volatility.| Risk Adjusted Performance | 0.1313 | |||
| Jensen Alpha | 0.5723 | |||
| Total Risk Alpha | 0.2445 | |||
| Sortino Ratio | 0.2751 | |||
| Treynor Ratio | 1.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kanzhun'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.
Kanzhun Ltd ADR Backtested Returns
Kanzhun appears to be not too volatile, given 3 months investment horizon. Kanzhun Ltd ADR has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. By analyzing Kanzhun's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise Kanzhun's Mean Deviation of 1.93, downside deviation of 1.95, and Risk Adjusted Performance of 0.1313 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kanzhun holds a performance score of 15. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kanzhun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kanzhun is expected to be smaller as well. Please check Kanzhun's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Kanzhun's current price movements will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Kanzhun Ltd ADR has poor reverse predictability. Overlapping area represents the amount of predictability between Kanzhun time series from 25th of May 2022 to 20th of May 2023 and 20th of May 2023 to 14th of May 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 Kanzhun Ltd ADR price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Kanzhun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.36 |
Kanzhun Ltd ADR lagged returns against current returns
Autocorrelation, which is Kanzhun 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 Kanzhun's stock expected returns. We can calculate the autocorrelation of Kanzhun returns to help us make a trade decision. For example, suppose you find that Kanzhun 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 |
Kanzhun 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 Kanzhun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kanzhun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kanzhun stock over time.
Current vs Lagged Prices |
| Timeline |
Kanzhun Lagged Returns
When evaluating Kanzhun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kanzhun stock have on its future price. Kanzhun 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, Kanzhun autocorrelation shows the relationship between Kanzhun stock current value and its past values and can show if there is a momentum factor associated with investing in Kanzhun Ltd ADR.
Regressed Prices |
| Timeline |
Pair Trading with Kanzhun
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kanzhun position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kanzhun will appreciate offsetting losses from the drop in the long position's value.Moving together with Kanzhun Stock
| 0.62 | HRT | HireRight Holdings Corp | PairCorr |
Moving against Kanzhun Stock
| 0.84 | ZIP | Ziprecruiter | PairCorr |
| 0.83 | EA | Electronic Arts | PairCorr |
| 0.77 | EB | Eventbrite Class A | PairCorr |
| 0.72 | IPDN | Professional Diversity | PairCorr |
| 0.72 | TU | Telus Corp | PairCorr |
The ability to find closely correlated positions to Kanzhun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kanzhun when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kanzhun - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kanzhun Ltd ADR to buy it.
The correlation of Kanzhun is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kanzhun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kanzhun Ltd ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kanzhun can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Kanzhun Correlation, Kanzhun Volatility and Kanzhun Alpha and Beta module to complement your research on Kanzhun. Note that the Kanzhun Ltd ADR information on this page should be used as a complementary analysis to other Kanzhun'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Kanzhun Stock analysis
When running Kanzhun's price analysis, check to measure Kanzhun'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 Kanzhun is operating at the current time. Most of Kanzhun's value examination focuses on studying past and present price action to predict the probability of Kanzhun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kanzhun's price. Additionally, you may evaluate how the addition of Kanzhun to your portfolios can decrease your overall portfolio volatility.
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Kanzhun 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.