Kingfisher Common Stock Shares Outstanding vs Other Current Liab Analysis

KFR Stock  CAD 0.27  0.05  22.73%   
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 Common Stock Shares Outstanding and its Other Current Liab 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.

Common Stock Shares Outstanding vs Other Current Liab

Common Stock Shares Outstanding vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfisher Metals Corp Common Stock Shares Outstanding account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kingfisher Metals' Common Stock Shares Outstanding and Other Current Liab is 0.43. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Liab 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' Common Stock Shares Outstanding and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Kingfisher Metals Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock Shares Outstanding i.e., Kingfisher Metals' Common Stock Shares Outstanding and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Liab

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.
Issuance Of Capital Stock is likely to climb to about 4.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income1.7K11.8K13.6K14.3K
Tax Provision1.1M273K245.7K233.4K

Kingfisher Metals fundamental ratios Correlations

0.931.00.95-0.970.940.340.78-0.810.860.911.00.590.940.430.950.94-0.42-0.420.910.77-0.420.91
0.930.920.95-0.970.950.160.73-0.880.740.990.920.50.980.250.950.94-0.64-0.640.920.74-0.640.92
1.00.920.95-0.970.950.380.79-0.790.870.911.00.620.940.460.950.95-0.42-0.420.890.76-0.420.89
0.950.950.95-0.971.00.410.79-0.710.80.940.950.710.990.491.01.0-0.61-0.610.830.7-0.610.83
-0.97-0.97-0.97-0.97-0.97-0.27-0.770.83-0.81-0.97-0.97-0.58-0.99-0.36-0.97-0.970.550.55-0.91-0.760.55-0.91
0.940.950.951.0-0.970.40.75-0.710.760.940.950.70.980.481.00.99-0.61-0.610.830.69-0.610.83
0.340.160.380.41-0.270.40.590.180.510.080.380.920.261.00.410.420.140.14-0.08-0.180.14-0.08
0.780.730.790.79-0.770.750.59-0.540.960.690.790.760.760.640.780.84-0.35-0.350.590.41-0.350.59
-0.81-0.88-0.79-0.710.83-0.710.18-0.54-0.61-0.88-0.79-0.11-0.790.1-0.71-0.710.430.43-0.93-0.740.43-0.93
0.860.740.870.8-0.810.760.510.96-0.610.730.870.660.780.570.790.84-0.29-0.290.70.59-0.290.7
0.910.990.910.94-0.970.940.080.69-0.880.730.910.440.980.170.940.94-0.7-0.70.940.81-0.70.94
1.00.921.00.95-0.970.950.380.79-0.790.870.910.620.940.460.950.95-0.42-0.420.890.76-0.420.89
0.590.50.620.71-0.580.70.920.76-0.110.660.440.620.590.950.710.72-0.23-0.230.230.09-0.230.23
0.940.980.940.99-0.990.980.260.76-0.790.780.980.940.590.350.990.98-0.67-0.670.90.77-0.670.9
0.430.250.460.49-0.360.481.00.640.10.570.170.460.950.350.490.50.080.080.01-0.10.080.01
0.950.950.951.0-0.971.00.410.78-0.710.790.940.950.710.990.490.99-0.61-0.610.830.69-0.610.83
0.940.940.951.0-0.970.990.420.84-0.710.840.940.950.720.980.50.99-0.61-0.610.830.69-0.610.83
-0.42-0.64-0.42-0.610.55-0.610.14-0.350.43-0.29-0.7-0.42-0.23-0.670.08-0.61-0.611.0-0.56-0.581.0-0.56
-0.42-0.64-0.42-0.610.55-0.610.14-0.350.43-0.29-0.7-0.42-0.23-0.670.08-0.61-0.611.0-0.56-0.581.0-0.56
0.910.920.890.83-0.910.83-0.080.59-0.930.70.940.890.230.90.010.830.83-0.56-0.560.92-0.561.0
0.770.740.760.7-0.760.69-0.180.41-0.740.590.810.760.090.77-0.10.690.69-0.58-0.580.92-0.580.92
-0.42-0.64-0.42-0.610.55-0.610.14-0.350.43-0.29-0.7-0.42-0.23-0.670.08-0.61-0.611.01.0-0.56-0.58-0.56
0.910.920.890.83-0.910.83-0.080.59-0.930.70.940.890.230.90.010.830.83-0.56-0.561.00.92-0.56
Click cells to compare fundamentals

Kingfisher Metals Account Relationship Matchups

Kingfisher Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets965.1K11.9M15.8M17.6M20.2M10.2M
Total Current Liabilities278.0216.2K634.8K541.0K622.2K653.3K
Total Stockholder Equity964.8K11.1M13.5M15.0M17.3M9.0M
Retained Earnings(188.1K)(4.3M)(6.5M)(8.0M)(7.2M)(6.8M)
Cash965.1K4.7M1.8M226.2K260.2K247.1K
Total Liab278.0743.1K2.3M2.6M3.0M3.1M
Net Invested Capital964.8K11.1M13.5M15.0M17.3M9.0M
Total Current Assets965.1K5.0M2.6M1.0M1.2M2.2M
Capital Stock333.1K14.0M18.2M20.9M24.1M25.3M
Net Working Capital964.8K4.8M2.0M464.5K534.2K507.5K

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.
Pair CorrelationCorrelation Matching
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.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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