1 Cheap TSX Stock Im Buying This Month - The Motley Fool Canada
| KXSCF Stock | USD 122.41 0.75 0.61% |
Roughly 62% of Kinaxis' investor base is looking to short. The analysis of overall sentiment of trading Kinaxis pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Kinaxis' historical and current headlines, can help investors time the market. In addition, many technical investors use Kinaxis stock news signals to limit their universe of possible portfolio assets.
Kinaxis pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Kinaxis daily returns and investor perception about the current price of Kinaxis as well as its diversification or hedging effects on your existing portfolios.
Kinaxis |
1 Cheap TSX Stock Im Buying This Month The Motley Fool Canada
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Kinaxis Fundamental Analysis
We analyze Kinaxis' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kinaxis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kinaxis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Kinaxis is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Kinaxis Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kinaxis pink sheet to make a market-neutral strategy. Peer analysis of Kinaxis could also be used in its relative valuation, which is a method of valuing Kinaxis by comparing valuation metrics with similar companies.
Peers
Kinaxis Related Equities
| OONEF | 01 Communique | 7.69 | ||||
| ROWKF | RenoWorks Software | 5.26 | ||||
| WTCHF | WiseTech Global | 1.38 | ||||
| XROLF | Xero | 1.02 | ||||
| TMSNY | Temenos Group | 0.18 | ||||
| EGHSF | Enghouse Systems | 0.15 | ||||
| SGPYY | Sage Group | 0.02 | ||||
| SAPGF | SAP SE | 0.11 |
Complementary Tools for Kinaxis Pink Sheet analysis
When running Kinaxis' price analysis, check to measure Kinaxis' 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 Kinaxis is operating at the current time. Most of Kinaxis' value examination focuses on studying past and present price action to predict the probability of Kinaxis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinaxis' price. Additionally, you may evaluate how the addition of Kinaxis to your portfolios can decrease your overall portfolio volatility.
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