KLA's market value is the price at which a share of KLA trades on a public exchange. It measures the collective expectations of KLA Corporation investors about its performance. KLA is trading at 1012.78 as of the 6th of January 2025, a 2.93% increase since the beginning of the trading day. The stock's open price was 983.91. With this module, you can estimate the performance of a buy and hold strategy of KLA Corporation and determine expected loss or profit from investing in KLA over a given investment horizon. Check out KLA Correlation, KLA Volatility and KLA Alpha and Beta module to complement your research on KLA.
Please note, there is a significant difference between KLA's value and its price as these two are different measures arrived at by different means. Investors typically determine if KLA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KLA'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.
KLA '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 KLA'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 KLA.
0.00
12/07/2024
No Change 0.00
0.0
In 31 days
01/06/2025
0.00
If you would invest 0.00 in KLA on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding KLA Corporation or generate 0.0% return on investment in KLA over 30 days. KLA is related to or competes with Electronic Arts, Trade Desk, British American, Marfrig Global, Beyond Meat, Metalurgica Gerdau, and Salesforce. KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor ... More
KLA 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 KLA'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 KLA Corporation upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLA's standard deviation. In reality, there are many statistical measures that can use KLA historical prices to predict the future KLA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KLA. Your research has to be compared to or analyzed against KLA's peers to derive any actionable benefits. When done correctly, KLA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KLA Corporation.
KLA Corporation Backtested Returns
KLA Corporation retains Efficiency (Sharpe Ratio) of -0.0252, which conveys that the firm had a -0.0252% return per unit of return volatility over the last 3 months. KLA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KLA's Standard Deviation of 2.8, mean deviation of 1.85, and Market Risk Adjusted Performance of (0.19) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KLA's returns are expected to increase less than the market. However, during the bear market, the loss of holding KLA is expected to be smaller as well. At this point, KLA Corporation has a negative expected return of -0.0706%. Please make sure to verify KLA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if KLA Corporation performance from the past will be repeated in the future.
Auto-correlation
0.60
Good predictability
KLA Corporation has good predictability. Overlapping area represents the amount of predictability between KLA time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KLA Corporation price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current KLA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
135.3
KLA Corporation lagged returns against current returns
Autocorrelation, which is KLA 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 KLA's stock expected returns. We can calculate the autocorrelation of KLA returns to help us make a trade decision. For example, suppose you find that KLA 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
KLA 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 KLA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLA stock over time.
Current vs Lagged Prices
Timeline
KLA Lagged Returns
When evaluating KLA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLA stock have on its future price. KLA 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, KLA autocorrelation shows the relationship between KLA stock current value and its past values and can show if there is a momentum factor associated with investing in KLA Corporation.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
KLA financial ratios help investors to determine whether KLA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in KLA with respect to the benefits of owning KLA security.