Kinaxis Stock Market Value

KXS Stock  CAD 159.52  3.86  2.48%   
Kinaxis' market value is the price at which a share of Kinaxis trades on a public exchange. It measures the collective expectations of Kinaxis investors about its performance. Kinaxis is selling at 159.52 as of the 16th of March 2025; that is 2.48 percent increase since the beginning of the trading day. The stock's open price was 155.66.
With this module, you can estimate the performance of a buy and hold strategy of Kinaxis and determine expected loss or profit from investing in Kinaxis over a given investment horizon. Check out Kinaxis Correlation, Kinaxis Volatility and Kinaxis Alpha and Beta module to complement your research on Kinaxis.
Symbol

Kinaxis Price To Book Ratio

Please note, there is a significant difference between Kinaxis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinaxis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinaxis' 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.

Kinaxis '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 Kinaxis' 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 Kinaxis.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Kinaxis on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Kinaxis or generate 0.0% return on investment in Kinaxis over 90 days. Kinaxis is related to or competes with Open Text, Enghouse Systems, Docebo, Descartes Systems, and Constellation Software. Kinaxis Inc. provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, ... More

Kinaxis 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 Kinaxis' 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 Kinaxis upside and downside potential and time the market with a certain degree of confidence.

Kinaxis Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinaxis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinaxis' standard deviation. In reality, there are many statistical measures that can use Kinaxis historical prices to predict the future Kinaxis' volatility.
Hype
Prediction
LowEstimatedHigh
157.84159.52161.20
Details
Intrinsic
Valuation
LowRealHigh
143.57162.92164.60
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.640.760.96
Details

Kinaxis Backtested Returns

Kinaxis has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12 % return per unit of risk over the last 3 months. Kinaxis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinaxis' Standard Deviation of 1.63, risk adjusted performance of (0.10), and Mean Deviation of 1.21 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kinaxis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinaxis is expected to be smaller as well. At this point, Kinaxis has a negative expected return of -0.2%. Please make sure to verify Kinaxis' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Kinaxis performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.67  

Good predictability

Kinaxis has good predictability. Overlapping area represents the amount of predictability between Kinaxis time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Kinaxis price movement. The serial correlation of 0.67 indicates that around 67.0% of current Kinaxis price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.19
Residual Average0.0
Price Variance35.39

Kinaxis lagged returns against current returns

Autocorrelation, which is Kinaxis 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 Kinaxis' stock expected returns. We can calculate the autocorrelation of Kinaxis returns to help us make a trade decision. For example, suppose you find that Kinaxis 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  

Kinaxis 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 Kinaxis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinaxis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinaxis stock over time.
   Current vs Lagged Prices   
       Timeline  

Kinaxis Lagged Returns

When evaluating Kinaxis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinaxis stock have on its future price. Kinaxis 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, Kinaxis autocorrelation shows the relationship between Kinaxis stock current value and its past values and can show if there is a momentum factor associated with investing in Kinaxis.
   Regressed Prices   
       Timeline  

Pair Trading with Kinaxis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kinaxis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kinaxis will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kinaxis Stock

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Moving against Kinaxis Stock

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The ability to find closely correlated positions to Kinaxis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kinaxis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kinaxis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kinaxis to buy it.
The correlation of Kinaxis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kinaxis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kinaxis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kinaxis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Kinaxis Stock

Kinaxis financial ratios help investors to determine whether Kinaxis 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 Kinaxis with respect to the benefits of owning Kinaxis security.