World Kinect Stock Probability of Future Stock Price Finishing Under 29.22
| WKC Stock | 28.74 0.31 1.09% |
Closest to current price World long CALL Option Payoff at Expiration
World |
World Kinect Target Price Odds to finish below 29.22
The tendency of World Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 29.22 after 90 days |
| 28.74 | 90 days | 29.22 | about 51.8 |
Based on a normal probability distribution, the odds of World Kinect to stay under 29.22 after 90 days from now is about 51.8 (This World Kinect probability density function shows the probability of World Stock to fall within a particular range of prices over 90 days) . Probability of World Kinect price to stay between its current price of 28.74 and 29.22 at the end of the 90-day period is about 12.09 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.55 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, World Kinect will likely underperform. Additionally World Kinect has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. World Kinect Price Density |
| Price |
Predictive Modules for World Kinect
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as World Kinect. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.World Kinect Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. World Kinect is not an exception. The market had few large corrections towards the World Kinect's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold World Kinect, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of World Kinect within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 1.55 | |
σ | Overall volatility | 1.57 | |
Ir | Information ratio | -0.01 |
World Kinect Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of World Kinect for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for World Kinect can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 97.0% of the company outstanding shares are owned by institutional investors | |
| On 16th of October 2024 World Kinect paid 0.17 per share dividend to its current shareholders | |
| Latest headline from news.google.com: World Kinect Co. Shares Sold by Two Sigma Advisers LP - MarketBeat |
World Kinect Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of World Stock often depends not only on the future outlook of the current and potential World Kinect's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. World Kinect's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.7 M | |
| Cash And Short Term Investments | 304.3 M |
World Kinect Technical Analysis
World Kinect's future price can be derived by breaking down and analyzing its technical indicators over time. World Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of World Kinect. In general, you should focus on analyzing World Stock price patterns and their correlations with different microeconomic environments and drivers.
World Kinect Predictive Forecast Models
World Kinect's time-series forecasting models is one of many World Kinect's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary World Kinect's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about World Kinect
Checking the ongoing alerts about World Kinect for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for World Kinect help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 97.0% of the company outstanding shares are owned by institutional investors | |
| On 16th of October 2024 World Kinect paid 0.17 per share dividend to its current shareholders | |
| Latest headline from news.google.com: World Kinect Co. Shares Sold by Two Sigma Advisers LP - MarketBeat |
Check out World Kinect Backtesting, World Kinect Valuation, World Kinect Correlation, World Kinect Hype Analysis, World Kinect Volatility, World Kinect History as well as World Kinect Performance. For information on how to trade World Stock refer to our How to Trade World Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Oil & Gas Exploration & Production 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 World Kinect. If investors know World 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 World Kinect 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 (0.02) | Dividend Share 0.65 | Earnings Share 2.27 | Revenue Per Share 743.272 | Quarterly Revenue Growth (0.14) |
The market value of World Kinect is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Kinect's value that differs from its market value or its book value, called intrinsic value, which is World Kinect'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 World Kinect's market value can be influenced by many factors that don't directly affect World Kinect'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 World Kinect's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Kinect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Kinect'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.