Klx Energy Services Stock Market Value
| KLXE Stock | USD 4.71 0.24 5.37% |
| Symbol | KLX |
KLX Energy Services Price To Book Ratio
Is Oil & Gas Equipment & 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 KLX Energy. If investors know KLX 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 KLX Energy 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 (0.51) | Earnings Share (2.98) | Revenue Per Share 45.556 | Quarterly Revenue Growth (0.14) | Return On Assets (0.01) |
The market value of KLX Energy Services is measured differently than its book value, which is the value of KLX that is recorded on the company's balance sheet. Investors also form their own opinion of KLX Energy's value that differs from its market value or its book value, called intrinsic value, which is KLX Energy'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 KLX Energy's market value can be influenced by many factors that don't directly affect KLX Energy'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 KLX Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if KLX Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KLX Energy'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.
KLX Energy '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 KLX Energy'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 KLX Energy.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in KLX Energy on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding KLX Energy Services or generate 0.0% return on investment in KLX Energy over 360 days. KLX Energy is related to or competes with RPC, ProPetro Holding, Ranger Energy, Flotek Industries, Liberty Oilfield, Oil States, and Oceaneering International. KLX Energy Services Holdings, Inc. provides drilling, completions, production, and well intervention services and produc... More
KLX Energy 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 KLX Energy'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 KLX Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.87 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 28.32 | |||
| Value At Risk | (7.26) | |||
| Potential Upside | 9.84 |
KLX Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KLX Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KLX Energy's standard deviation. In reality, there are many statistical measures that can use KLX Energy historical prices to predict the future KLX Energy's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.2884 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KLX Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KLX Energy Services Backtested Returns
KLX Energy Services has Sharpe Ratio of -0.0605, which conveys that the firm had a -0.0605% return per unit of standard deviation over the last 3 months. KLX Energy exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KLX Energy's Market Risk Adjusted Performance of 0.2984, risk adjusted performance of 0.0165, and Mean Deviation of 3.93 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KLX Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding KLX Energy is expected to be smaller as well. At this point, KLX Energy Services has a negative expected return of -0.31%. Please make sure to verify KLX Energy's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if KLX Energy Services performance from the past will be repeated at future time.
Auto-correlation | 0.14 |
Insignificant predictability
KLX Energy Services has insignificant predictability. Overlapping area represents the amount of predictability between KLX Energy time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th of December 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 KLX Energy Services price movement. The serial correlation of 0.14 indicates that less than 14.0% of current KLX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
KLX Energy Services lagged returns against current returns
Autocorrelation, which is KLX Energy 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 KLX Energy's stock expected returns. We can calculate the autocorrelation of KLX Energy returns to help us make a trade decision. For example, suppose you find that KLX Energy 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 |
KLX Energy 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 KLX Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KLX Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KLX Energy stock over time.
Current vs Lagged Prices |
| Timeline |
KLX Energy Lagged Returns
When evaluating KLX Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KLX Energy stock have on its future price. KLX Energy 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, KLX Energy autocorrelation shows the relationship between KLX Energy stock current value and its past values and can show if there is a momentum factor associated with investing in KLX Energy Services.
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 KLX Energy Services is a strong investment it is important to analyze KLX Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact KLX Energy's future performance. For an informed investment choice regarding KLX Stock, refer to the following important reports:Check out KLX Energy Correlation, KLX Energy Volatility and KLX Energy Alpha and Beta module to complement your research on KLX Energy. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
KLX Energy 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.