KAT Exploration Beta vs. Z Score
| KATX Stock | USD 0.0002 0.0001 33.33% |
For KAT Exploration profitability analysis, we use financial ratios and fundamental drivers that measure the ability of KAT Exploration to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well KAT Exploration utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between KAT Exploration's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of KAT Exploration over time as well as its relative position and ranking within its peers.
KAT |
KAT Exploration Z Score vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining KAT Exploration's current stock value. Our valuation model uses many indicators to compare KAT Exploration value to that of its competitors to determine the firm's financial worth. KAT Exploration is rated fifth overall in beta category among its peers. It is currently regarded as number one stock in z score category among its peers totaling about 56.42 of Z Score per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value KAT Exploration by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for KAT Exploration's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.KAT Z Score vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
KAT Exploration |
| = | 0.66 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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..
KAT Exploration |
| = | 37.2 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Beta Analysis
As returns on the market increase, KAT Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding KAT Exploration is expected to be smaller as well.
KAT Exploration Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in KAT Exploration, profitability is also one of the essential criteria for including it into their portfolios because, without profit, KAT Exploration will eventually generate negative long term returns. The profitability progress is the general direction of KAT Exploration's change in net profit over the period of time. It can combine multiple indicators of KAT Exploration, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Previously, it was engaged in the exploration and development of mineral properties in Canada. The company was incorporated in 1992 and is based in Denton, Texas. Kat Exploration is traded on OTC Exchange in the United States.
KAT Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on KAT Exploration. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of KAT Exploration position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the KAT Exploration's important profitability drivers and their relationship over time.
Use KAT Exploration in pair-trading
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 KAT Exploration 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 KAT Exploration will appreciate offsetting losses from the drop in the long position's value.KAT Exploration Pair Trading
KAT Exploration Pair Trading Analysis
The ability to find closely correlated positions to KAT Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KAT Exploration 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 KAT Exploration - 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 KAT Exploration to buy it.
The correlation of KAT Exploration 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 KAT Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KAT Exploration 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 KAT Exploration 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.Use Investing Themes to Complement your KAT Exploration position
In addition to having KAT Exploration in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Equity ETFs Thematic Idea Now
Broad Equity ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Equity ETFs theme has 483 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Equity ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for KAT Pink Sheet Analysis
When running KAT Exploration's price analysis, check to measure KAT Exploration's 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 KAT Exploration is operating at the current time. Most of KAT Exploration's value examination focuses on studying past and present price action to predict the probability of KAT Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KAT Exploration's price. Additionally, you may evaluate how the addition of KAT Exploration to your portfolios can decrease your overall portfolio volatility.