Kforce Inc Stock Market Value
| KFRC Stock | USD 59.99 0.35 0.59% |
| Symbol | Kforce |
Kforce Inc Price To Book Ratio
Is Human Resource & Employment Services 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 Kforce. If investors know Kforce 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 Kforce 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 0.389 | Dividend Share 1.5 | Earnings Share 2.9 | Revenue Per Share 76.203 | Quarterly Revenue Growth (0.05) |
The market value of Kforce Inc is measured differently than its book value, which is the value of Kforce that is recorded on the company's balance sheet. Investors also form their own opinion of Kforce's value that differs from its market value or its book value, called intrinsic value, which is Kforce'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 Kforce's market value can be influenced by many factors that don't directly affect Kforce'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 Kforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kforce'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.
Kforce '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 Kforce'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 Kforce.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kforce on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kforce Inc or generate 0.0% return on investment in Kforce over 180 days. Kforce is related to or competes with Cass Information, Civeo Corp, Network 1, Maximus, AZZ Incorporated, CBIZ, and Rentokil Initial. Kforce Inc. provides professional staffing services and solutions in the United States More
Kforce 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 Kforce'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 Kforce Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.48 |
Kforce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kforce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kforce's standard deviation. In reality, there are many statistical measures that can use Kforce historical prices to predict the future Kforce's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.10) |
Kforce Inc Backtested Returns
Kforce Inc has Sharpe Ratio of -0.0479, which conveys that the firm had a -0.0479% return per unit of risk over the last 3 months. Kforce exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kforce's Mean Deviation of 1.3, risk adjusted performance of (0.04), and Standard Deviation of 1.76 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. Kforce returns are very sensitive to returns on the market. As the market goes up or down, Kforce is expected to follow. At this point, Kforce Inc has a negative expected return of -0.0856%. Please make sure to verify Kforce's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Kforce Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Kforce Inc has good reverse predictability. Overlapping area represents the amount of predictability between Kforce time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kforce Inc price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Kforce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 7.9 |
Kforce Inc lagged returns against current returns
Autocorrelation, which is Kforce 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 Kforce's stock expected returns. We can calculate the autocorrelation of Kforce returns to help us make a trade decision. For example, suppose you find that Kforce 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 |
Kforce 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 Kforce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kforce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kforce stock over time.
Current vs Lagged Prices |
| Timeline |
Kforce Lagged Returns
When evaluating Kforce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kforce stock have on its future price. Kforce 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, Kforce autocorrelation shows the relationship between Kforce stock current value and its past values and can show if there is a momentum factor associated with investing in Kforce Inc.
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.When determining whether Kforce Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kforce's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kforce Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kforce Inc Stock:Check out Kforce Correlation, Kforce Volatility and Kforce Alpha and Beta module to complement your research on Kforce. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Kforce 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.