Wk Kellogg Co Stock Market Value
| KLG Stock | 17.79 0.15 0.84% |
| Symbol | KLG |
WK Kellogg Price To Book Ratio
Is Packaged Foods & Meats space 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 WK Kellogg. If investors know KLG 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 WK Kellogg 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 0.826 | Earnings Share (1.11) | Revenue Per Share 32.57 | Quarterly Revenue Growth (0.02) |
The market value of WK Kellogg is measured differently than its book value, which is the value of KLG that is recorded on the company's balance sheet. Investors also form their own opinion of WK Kellogg's value that differs from its market value or its book value, called intrinsic value, which is WK Kellogg'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 WK Kellogg's market value can be influenced by many factors that don't directly affect WK Kellogg'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 WK Kellogg's value and its price as these two are different measures arrived at by different means. Investors typically determine if WK Kellogg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WK Kellogg'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.
WK Kellogg '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 WK Kellogg'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 WK Kellogg.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in WK Kellogg on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding WK Kellogg Co or generate 0.0% return on investment in WK Kellogg over 30 days. WK Kellogg is related to or competes with Seneca Foods, J J, Central Garden, Central Garden, Lancaster Colony, John B, and Seneca Foods. WK Kellogg is entity of United States. It is traded as Stock on NYSE exchange. More
WK Kellogg 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 WK Kellogg'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 WK Kellogg Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0505 | |||
| Maximum Drawdown | 17.63 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.95 |
WK Kellogg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WK Kellogg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WK Kellogg's standard deviation. In reality, there are many statistical measures that can use WK Kellogg historical prices to predict the future WK Kellogg's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.1313 | |||
| Total Risk Alpha | 0.1241 | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 0.2088 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WK Kellogg'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.
WK Kellogg Backtested Returns
We consider WK Kellogg not too volatile. WK Kellogg retains Efficiency (Sharpe Ratio) of 0.0084, which attests that the company had a 0.0084% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for WK Kellogg, which you can use to evaluate the volatility of the company. Please check out WK Kellogg's standard deviation of 2.59, and Market Risk Adjusted Performance of 0.2188 to validate if the risk estimate we provide is consistent with the expected return of 0.0215%. The firm owns a Beta (Systematic Risk) of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WK Kellogg's returns are expected to increase less than the market. However, during the bear market, the loss of holding WK Kellogg is expected to be smaller as well. WK Kellogg today owns a risk of 2.55%. Please check out WK Kellogg Co potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if WK Kellogg Co will be following its current price history.
Auto-correlation | 0.88 |
Very good predictability
WK Kellogg Co has very good predictability. Overlapping area represents the amount of predictability between WK Kellogg time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 WK Kellogg price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current WK Kellogg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
WK Kellogg lagged returns against current returns
Autocorrelation, which is WK Kellogg 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 WK Kellogg's stock expected returns. We can calculate the autocorrelation of WK Kellogg returns to help us make a trade decision. For example, suppose you find that WK Kellogg 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 |
WK Kellogg 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 WK Kellogg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WK Kellogg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WK Kellogg stock over time.
Current vs Lagged Prices |
| Timeline |
WK Kellogg Lagged Returns
When evaluating WK Kellogg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WK Kellogg stock have on its future price. WK Kellogg 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, WK Kellogg autocorrelation shows the relationship between WK Kellogg stock current value and its past values and can show if there is a momentum factor associated with investing in WK Kellogg Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in KLG Stock
When determining whether WK Kellogg is a strong investment it is important to analyze WK Kellogg's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WK Kellogg's future performance. For an informed investment choice regarding KLG Stock, refer to the following important reports:Check out WK Kellogg Correlation, WK Kellogg Volatility and WK Kellogg Alpha and Beta module to complement your research on WK Kellogg. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
WK Kellogg 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.