Kla Tencor Stock Market Value
| KLAC Stock | USD 656.54 8.33 1.29% |
| Symbol | KLA |
KLA Tencor Price To Book Ratio
Is KLA Tencor'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 KLA Tencor. If investors know KLA 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 KLA Tencor 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 (0.38) | Dividend Share 5.35 | Earnings Share 19.77 | Revenue Per Share 70.755 | Quarterly Revenue Growth (0.17) |
The market value of KLA Tencor is measured differently than its book value, which is the value of KLA that is recorded on the company's balance sheet. Investors also form their own opinion of KLA Tencor's value that differs from its market value or its book value, called intrinsic value, which is KLA Tencor'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 KLA Tencor's market value can be influenced by many factors that don't directly affect KLA Tencor'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 KLA Tencor's value and its price as these two are different measures arrived at by different means. Investors typically determine if KLA Tencor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KLA Tencor'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.
KLA Tencor '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 KLA Tencor'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 KLA Tencor.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in KLA Tencor on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding KLA Tencor or generate 0.0% return on investment in KLA Tencor over 30 days. KLA Tencor is related to or competes with Applied Materials, ASML Holding, Axcelis Technologies, Lam Research, Entegris, IPG Photonics, and Photronics. KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for... More
KLA Tencor 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 KLA Tencor'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 KLA Tencor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0073 | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.09 |
KLA Tencor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLA Tencor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLA Tencor's standard deviation. In reality, there are many statistical measures that can use KLA Tencor historical prices to predict the future KLA Tencor's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0068 | |||
| Treynor Ratio | 0.0845 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KLA Tencor'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.
KLA Tencor Backtested Returns
We consider KLA Tencor very steady. KLA Tencor retains Efficiency (Sharpe Ratio) of 0.0847, which conveys that the firm had a 0.0847% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for KLA Tencor, which you can use to evaluate the volatility of the firm. Please verify KLA Tencor's Market Risk Adjusted Performance of 0.0945, downside deviation of 2.32, and Mean Deviation of 1.67 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. KLA Tencor has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 1.2, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, KLA Tencor will likely underperform. KLA Tencor now owns a risk of 2.01%. Please verify KLA Tencor jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if KLA Tencor will be following its current price history.
Auto-correlation | 0.50 |
Modest predictability
KLA Tencor has modest predictability. Overlapping area represents the amount of predictability between KLA Tencor 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 KLA Tencor price movement. The serial correlation of 0.5 indicates that about 50.0% of current KLA Tencor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 559.07 |
KLA Tencor lagged returns against current returns
Autocorrelation, which is KLA Tencor 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 KLA Tencor's stock expected returns. We can calculate the autocorrelation of KLA Tencor returns to help us make a trade decision. For example, suppose you find that KLA Tencor 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 |
KLA Tencor 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 KLA Tencor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLA Tencor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLA Tencor stock over time.
Current vs Lagged Prices |
| Timeline |
KLA Tencor Lagged Returns
When evaluating KLA Tencor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLA Tencor stock have on its future price. KLA Tencor 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, KLA Tencor autocorrelation shows the relationship between KLA Tencor stock current value and its past values and can show if there is a momentum factor associated with investing in KLA Tencor.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out KLA Tencor Correlation, KLA Tencor Volatility and KLA Tencor Alpha and Beta module to complement your research on KLA Tencor. For information on how to trade KLA Stock refer to our How to Trade KLA Stock guide.Note that the KLA Tencor information on this page should be used as a complementary analysis to other KLA Tencor'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for KLA Stock analysis
When running KLA Tencor's price analysis, check to measure KLA Tencor'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 KLA Tencor is operating at the current time. Most of KLA Tencor's value examination focuses on studying past and present price action to predict the probability of KLA Tencor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KLA Tencor's price. Additionally, you may evaluate how the addition of KLA Tencor to your portfolios can decrease your overall portfolio volatility.
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KLA Tencor 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.