Kornit Stock Performance

KRNT
 Stock
  

USD 27.45  0.84  3.16%   

The company secures a Beta (Market Risk) of 2.1797, which conveys a somewhat significant risk relative to the market. Let's try to break down what Kornit's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kornit Digital will likely underperform. Even though it is essential to pay attention to Kornit Digital price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Kornit Digital exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Kornit Digital has an expected return of -0.0496%. Please be advised to verify Kornit Digital potential upside, as well as the relationship between the accumulation distribution and price action indicator to decide if Kornit Digital performance from the past will be repeated at some point in the near future.
  
Kornit Performance
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Over the last 90 days Kornit Digital has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Kornit Digital is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more

Kornit Price Channel

Quick Ratio8.01
Fifty Two Week Low20.40
Target High Price95.00
Fifty Two Week High181.38
Target Low Price26.00

Kornit Digital Relative Risk vs. Return Landscape

If you would invest  3,156  in Kornit Digital on July 5, 2022 and sell it today you would lose (411.00)  from holding Kornit Digital or give up 13.02% of portfolio value over 90 days. Kornit Digital is currently does not generate positive expected returns and assumes 5.6736% risk (volatility on return distribution) over the 90 days horizon. In different words, 49% of stocks are less volatile than Kornit, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Kornit Digital is expected to generate 4.78 times more return on investment than the market. However, the company is 4.78 times more volatile than its market benchmark. It trades about -0.01 of its potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of risk.

Kornit Digital Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kornit Digital's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Kornit Digital, and traders can use it to determine the average amount a Kornit Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0088

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Estimated Market Risk
 5.67
  actual daily
 
 49 %
of total potential
 
4949
Expected Return
 -0.05
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 0 %
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Risk-Adjusted Return
 -0.01
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Based on monthly moving average Kornit Digital is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Kornit Digital by adding it to a well-diversified portfolio.

About Kornit Digital Performance

To evaluate Kornit Digital Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Kornit Digital generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Kornit Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Kornit Digital market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Kornit's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel. Kornit Digital operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 882 people.

Things to note about Kornit Digital

Checking the ongoing alerts about Kornit Digital for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Kornit Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Kornit Digital Alerts

Equity Alerts and Improvement Suggestions

Kornit Digital generated a negative expected return over the last 90 days
Kornit Digital has high historical volatility and very poor performance
Kornit Digital is unlikely to experience financial distress in the next 2 years
Latest headline from beststocks.com: Best Value Machinery Stocks to Buy in 2022 - Best Stocks
Please see Correlation Analysis. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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When running Kornit Digital price analysis, check to measure Kornit Digital'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 Kornit Digital is operating at the current time. Most of Kornit Digital's value examination focuses on studying past and present price action to predict the probability of Kornit Digital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Kornit Digital's price. Additionally, you may evaluate how the addition of Kornit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Kornit Digital'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 Kornit Digital. If investors know Kornit 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 Kornit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Kornit Digital is measured differently than its book value, which is the value of Kornit that is recorded on the company's balance sheet. Investors also form their own opinion of Kornit Digital's value that differs from its market value or its book value, called intrinsic value, which is Kornit Digital'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 Kornit Digital's market value can be influenced by many factors that don't directly affect Kornit Digital'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 Kornit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine Kornit Digital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kornit Digital'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.