Kennametal Stock Price on November 6, 2024
| KMT Stock | USD 23.70 0.02 0.08% |
If you're considering investing in Kennametal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Kennametal stands at 23.70, as last reported on the 6th of January, with the highest price reaching 23.89 and the lowest price hitting 23.35 during the day. Currently, Kennametal is not too volatile. Kennametal has Sharpe Ratio of 8.0E-4, which conveys that the firm had a 8.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kennametal, which you can use to evaluate the volatility of the firm. Please verify Kennametal's Downside Deviation of 1.82, risk adjusted performance of 0.0077, and Mean Deviation of 1.47 to check out if the risk estimate we provide is consistent with the expected return of 0.0021%.
Kennametal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Kennametal |
Sharpe Ratio = 8.0E-4
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Estimated Market Risk
| 2.74 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Kennametal is not performing at its full potential. However, 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 Kennametal by adding Kennametal to a well-diversified portfolio.
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Kennametal Valuation on November 6, 2024
It is possible to determine the worth of Kennametal on a given historical date. On November 6, 2024 Kennametal was worth 27.96 at the beginning of the trading date compared to the closed value of 31.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Kennametal stock. Still, in general, we apply an absolute valuation method to find Kennametal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Kennametal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Kennametal's related companies.
| Open | High | Low | Close | Volume | |
| 25.47 | 26.42 | 25.28 | 26.40 | 1,684,999 | |
11/06/2024 | 27.96 | 31.96 | 27.93 | 31.02 | 3,635,591 |
| 30.86 | 31.01 | 28.88 | 29.15 | 2,146,223 |
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Kennametal Trading Date Momentum on November 6, 2024
| On November 07 2024 Kennametal was traded for 29.15 at the closing time. Highest Kennametal's price during the trading hours was 31.01 and the lowest price during the day was 28.88 . The net volume was 2.1 M. The overall trading history on the 7th of November contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 6.03% . The trading delta at closing time to current price is 8.41% . |
Kennametal Fundamentals Correlations and Trends
By evaluating Kennametal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Kennametal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Kennametal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Kennametal Stock history
Kennametal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Kennametal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Kennametal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Kennametal stock prices may prove useful in developing a viable investing in Kennametal
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania. Kennametal operates under Tools Accessories classification in the United States and is traded on New York Stock Exchange. It employs 8700 people.
Kennametal Stock Technical Analysis
Kennametal 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.
Price Boundaries
Kennametal Period Price Range
Low | January 6, 2025
| High |
0.00 | 0.00 |
Kennametal cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Kennametal January 6, 2025 Market Strength
Market strength indicators help investors to evaluate how Kennametal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kennametal shares will generate the highest return on investment. By undertsting and applying Kennametal stock market strength indicators, traders can identify Kennametal entry and exit signals to maximize returns
Kennametal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Kennametal's price direction in advance. Along with the technical and fundamental analysis of Kennametal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Kennametal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2846 |
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Additional Tools for Kennametal Stock Analysis
When running Kennametal's price analysis, check to measure Kennametal'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 Kennametal is operating at the current time. Most of Kennametal's value examination focuses on studying past and present price action to predict the probability of Kennametal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kennametal's price. Additionally, you may evaluate how the addition of Kennametal to your portfolios can decrease your overall portfolio volatility.