Kingfisher Accounts Payable vs Property Plant Equipment Analysis
| KFR Stock | CAD 0.21 0.04 16.00% |
Kingfisher Metals financial indicator trend analysis is infinitely more than just investigating Kingfisher Metals Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingfisher Metals Corp is a good investment. Please check the relationship between Kingfisher Metals Accounts Payable and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingfisher Metals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Accounts Payable vs Property Plant Equipment
Accounts Payable vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfisher Metals Corp Accounts Payable account and Property Plant Equipment. At this time, the significance of the direction appears to have totally related.
The correlation between Kingfisher Metals' Accounts Payable and Property Plant Equipment is 0.99. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Kingfisher Metals Corp, assuming nothing else is changed. The correlation between historical values of Kingfisher Metals' Accounts Payable and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Kingfisher Metals Corp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Accounts Payable i.e., Kingfisher Metals' Accounts Payable and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Kingfisher Metals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Kingfisher Metals Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Property Plant Equipment
Most indicators from Kingfisher Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingfisher Metals Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingfisher Metals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Kingfisher Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 10.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.7K | 11.8K | 13.6K | 14.3K | Tax Provision | 1.1M | 273K | 245.7K | 233.4K |
Kingfisher Metals fundamental ratios Correlations
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Kingfisher Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kingfisher Metals fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 965.1K | 11.9M | 15.8M | 17.6M | 20.2M | 10.2M | |
| Total Current Liabilities | 278.0 | 216.2K | 634.8K | 541.0K | 622.2K | 653.3K | |
| Total Stockholder Equity | 964.8K | 11.1M | 13.5M | 15.0M | 17.3M | 9.0M | |
| Retained Earnings | (188.1K) | (4.3M) | (6.5M) | (8.0M) | (7.2M) | (6.8M) | |
| Cash | 965.1K | 4.7M | 1.8M | 226.2K | 260.2K | 247.1K | |
| Total Liab | 278.0 | 743.1K | 2.3M | 2.6M | 3.0M | 3.1M | |
| Net Invested Capital | 964.8K | 11.1M | 13.5M | 15.0M | 17.3M | 9.0M | |
| Total Current Assets | 965.1K | 5.0M | 2.6M | 1.0M | 1.2M | 2.2M | |
| Capital Stock | 333.1K | 14.0M | 18.2M | 20.9M | 24.1M | 25.3M | |
| Net Working Capital | 964.8K | 4.8M | 2.0M | 464.5K | 534.2K | 507.5K |
Pair Trading with Kingfisher Metals
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 Kingfisher Metals 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 Kingfisher Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kingfisher Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingfisher Metals 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 Kingfisher Metals - 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 Kingfisher Metals Corp to buy it.
The correlation of Kingfisher Metals 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 Kingfisher Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingfisher Metals Corp 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 Kingfisher Metals 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.Additional Tools for Kingfisher Stock Analysis
When running Kingfisher Metals' price analysis, check to measure Kingfisher Metals' 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 Kingfisher Metals is operating at the current time. Most of Kingfisher Metals' value examination focuses on studying past and present price action to predict the probability of Kingfisher Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingfisher Metals' price. Additionally, you may evaluate how the addition of Kingfisher Metals to your portfolios can decrease your overall portfolio volatility.