Drilling into the Technicals & Valuation For Kelt Exploration Ltd. (TSX:KEL) as VC2 Reaches 36

Developed by James O’Shaughnessy, the Value Composite score uses six valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, price to sales and shareholder yield.  Kelt Exploration Ltd. (TSX:KEL) has a Value Composite score of 36. The VC score is displayed as a number between 1 and 100. In general, a enterprise with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued enterprise. Removing the sixth ratio (shareholder yield) we can view the Value Composite 1 score which is right now sitting at 25.

Investors may have a solid plan in place to start trading the share market. Sometimes, these plans never get to be fully realized because of the lack of discipline in the early stages. When a new investor goes into the red right out the gate, there can be a tendency to take on too much exposure trying to get back to even. This may result in the investor abandoning the plan and making too many unreasonable trades with exorbitant expectations. Finding the self control to not get discouraged with early losses may aid the investor stick to the plan and eventually start achieving longer-term goals. 

Shifting gears, we can see that Kelt Exploration Ltd. (TSX:KEL) has a Q.i. Value of 53.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to aid identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the enterprise tends to be.

Kelt Exploration Ltd. (TSX:KEL) has a current MF Rank of 11148. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to uncloak high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. Kelt Exploration Ltd. has a current ERP5 Rank of 11160. The ERP5 Rank may aid investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When viewing at the ERP5 ranking, it is generally considered the lower the value, the better.

Valuation Scores

At the time of writing, Kelt Exploration Ltd. (TSX:KEL) has a Piotroski F-Score of 6. The F-Score may aid spot companies with strengthening balance sheets. The score may also be used to uncloak the weak performers. Joseph Piotroski developed the F-Score which employs nine other variables based on the enterprise financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the nonstandard end, a stock with a score from 0-2 would be viewed as weak.

Kelt Exploration Ltd. has an M-score Beneish of -999.000000. This M-score model was developed by Messod Beneish in order to spot manipulation of financial statements. The score uses a combination of eight other variables. The specifics of the variables and formula can be found in the Beneish paper “The Detection of Earnings Manipulation”.

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Investors may be interested in studying the Gross Margin score on shares of Kelt Exploration Ltd. (TSX:KEL). The name right now has a score of 10.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

At some point in time, traders may are required to deal with the overconfidence issue when dealing with the market. Traders may have times when they go on runs where everything works out. This may cause the individual to become overconfident in their ability and possibly lead to uninformed decisions late on. When the good times are rolling, it can be easy to think that the winners are a direct result of skill. This may be true, but if this is incorrect, it can lead to portfolio damage in the future. Having is long string of winning trades is a great thing, but markets can be cruel and have the ability to turn very quickly. Approaching every trade with the same diligence work and examination may aid the trader to make better decisions when a string of trades eventually go the wrong way.

Watching some historical volatility numbers on shares of Kelt Exploration Ltd. (TSX:KEL), we can see that the 12 month volatility is currently 39.393500. The 6 month volatility is 43.120800, and the 3 month is spotted at 48.831900. Following volatility data can aid add up how much the equity price has fluctuated over the specified time course. Although past volatility action may aid project future stock volatility, it may also be vastly other when taking into account nonstandard factors that may be driving price action during the measured time course. 

We can now take a quick glance at some historical equity price index data. Kelt Exploration Ltd. (TSX:KEL) currently has a 10 month price index of 0.57639. The price index is determined by dividing the current equity price by the equity price ten months ago. A ratio over one suggests an jolt in equity price over the course. A ratio lower than one indicates that the price has decreased over that time course. Looking at some other time periods, the 12 month price index is 0.59971, the 24 month is 0.63846, and the 36 month is 1.11260. Narrowing in a bit closer, the 5 month price index is 0.46893, the 3 month is 0.51489, and the 1 month is right now 0.69398.

Investors will be closely tracking the share market as we charge through the last couple of months of the year. They may be doing a review of the portfolio to see what moves have worked and which ones haven’t. Reviewing specific holdings and past entry and exit points may aid the investor develop new ideas to trade on in the future. Staying on top of market happenings and the economic landscape can be a challenge. Investors will be closely following the action over the next quarter to aid gauge whether the bulls will remain out front, or if the bears will take the lead.  

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