Score 9.7 (out of 10): KKR & CO INC sets up for +16.2% rally in 2 months

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What’s Going On Here?

KKR, the investment firm, continues to be active buying and selling companies. On the one side, KKR is considering selling its ‘consumer confidence tracker’ company (GfK) which tracks 180mln products and which they paid $1.8bn in 2017 for. On the other side, KKR is considering buying Telecom Italia. KKR shares have more than doubled since a year ago, indicating that it has been a good time to be involved in deals.

Why Now?

KKR & CO INC has successfully tested a support level. During similar occasions, KKR & CO INC shares had a median return of +16.2%, over the following 2 months – based on 6 historical occasions with 6 of those showing positive returns (100%). This buy signal for KKR & CO INC received a high score of 9.7 (out of 10). This insight was generated on 2021-December-6 with last price of 73.62.

What’s This Company About?

KKR & CO INC is in the Private Equity business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 22.5% more (average). Ticker symbol: KKR US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 85.56 (+16.2%) has been reached. Based on KKR & CO INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 67.82 (last price at 73.62), which is equivalent to a -7.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

20.9% (September-2021), 6.6% (July-2021), 20.9% (June- 2021), 18.9% (January-2021), 7.1% (September-2020), 13.5% (December-2019).

Historical Chart:

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Summary:

Name KKR & CO INC
ViewUp
Star (1 to 10)9.7
Target+16.2%
Time2 months
Hit Rate100%

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