Kenon Holdings Stock Market Value
| KEN Stock | USD 21.57 0.11 0.51% |
| Symbol | Kenon |
Kenon Holdings Price To Book Ratio
Is Kenon Holdings' 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 Kenon Holdings. If investors know Kenon 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 Kenon Holdings 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 0.348 | Dividend Share 3.8 | Earnings Share (4.42) | Revenue Per Share 12.965 | Quarterly Revenue Growth 0.04 |
The market value of Kenon Holdings is measured differently than its book value, which is the value of Kenon that is recorded on the company's balance sheet. Investors also form their own opinion of Kenon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kenon Holdings' 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 Kenon Holdings' market value can be influenced by many factors that don't directly affect Kenon Holdings' 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 Kenon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kenon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kenon Holdings' 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.
Kenon Holdings '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 Kenon Holdings' 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 Kenon Holdings.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kenon Holdings on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kenon Holdings or generate 0.0% return on investment in Kenon Holdings over 30 days. Kenon Holdings is related to or competes with AGL Energy, Power Assets, Maxim Power, and Huaneng Power. Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilit... More
Kenon Holdings 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 Kenon Holdings' 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 Kenon Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.2 |
Kenon Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kenon Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kenon Holdings' standard deviation. In reality, there are many statistical measures that can use Kenon Holdings historical prices to predict the future Kenon Holdings' volatility.| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.07 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kenon Holdings' 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.
Kenon Holdings Backtested Returns
We consider Kenon Holdings very steady. Kenon Holdings has Sharpe Ratio of 0.0178, which conveys that the firm had a 0.0178% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kenon Holdings, which you can use to evaluate the volatility of the firm. Please verify Kenon Holdings' Downside Deviation of 2.34, mean deviation of 1.71, and Risk Adjusted Performance of 0.0273 to check out if the risk estimate we provide is consistent with the expected return of 0.0414%. Kenon Holdings has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0513, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kenon Holdings are expected to decrease at a much lower rate. During the bear market, Kenon Holdings is likely to outperform the market. Kenon Holdings right now secures a risk of 2.33%. Please verify Kenon Holdings expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Kenon Holdings will be following its current price movements.
Auto-correlation | -0.59 |
Good reverse predictability
Kenon Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Kenon Holdings 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 Kenon Holdings price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Kenon Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Kenon Holdings lagged returns against current returns
Autocorrelation, which is Kenon Holdings 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 Kenon Holdings' stock expected returns. We can calculate the autocorrelation of Kenon Holdings returns to help us make a trade decision. For example, suppose you find that Kenon Holdings 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 |
Kenon Holdings 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 Kenon Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kenon Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kenon Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Kenon Holdings Lagged Returns
When evaluating Kenon Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kenon Holdings stock have on its future price. Kenon Holdings 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, Kenon Holdings autocorrelation shows the relationship between Kenon Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Kenon Holdings.
Regressed Prices |
| Timeline |
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 Kenon Holdings 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, Kenon Holdings' short interest history, or implied volatility extrapolated from Kenon Holdings options trading.
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Try AI Portfolio ArchitectCheck out Kenon Holdings Correlation, Kenon Holdings Volatility and Kenon Holdings Alpha and Beta module to complement your research on Kenon Holdings. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.Note that the Kenon Holdings information on this page should be used as a complementary analysis to other Kenon Holdings' 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Kenon Stock analysis
When running Kenon Holdings' price analysis, check to measure Kenon Holdings' 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 Kenon Holdings is operating at the current time. Most of Kenon Holdings' value examination focuses on studying past and present price action to predict the probability of Kenon Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenon Holdings' price. Additionally, you may evaluate how the addition of Kenon Holdings to your portfolios can decrease your overall portfolio volatility.
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Kenon Holdings 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.