Kingfisher Net Invested Capital vs Non Currrent Assets Other 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 Net Invested Capital and its Non Currrent Assets Other 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.

Net Invested Capital vs Non Currrent Assets Other

Net Invested Capital vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfisher Metals Corp Net Invested Capital account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.

The correlation between Kingfisher Metals' Net Invested Capital and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Non Currrent Assets Other 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' Net Invested Capital and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Kingfisher Metals Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Invested Capital i.e., Kingfisher Metals' Net Invested Capital and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 Income	1.7K	11.8K	13.6K	14.3K
Tax Provision	1.1M	273K	245.7K	233.4K

Interest Income Tax Provision

Kingfisher Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Property Plant And Equipment Gross
Total Assets		0.93	1.0	0.95	-0.97	0.94	0.34	0.78	-0.81	0.86	0.91	1.0	0.59	0.94	0.43	0.95	0.94	-0.42	-0.42	0.91	0.77	-0.42	0.91
Total Current Liabilities	0.93		0.92	0.95	-0.97	0.95	0.16	0.73	-0.88	0.74	0.99	0.92	0.5	0.98	0.25	0.95	0.94	-0.64	-0.64	0.92	0.74	-0.64	0.92
Total Stockholder Equity	1.0	0.92		0.95	-0.97	0.95	0.38	0.79	-0.79	0.87	0.91	1.0	0.62	0.94	0.46	0.95	0.95	-0.42	-0.42	0.89	0.76	-0.42	0.89
Net Tangible Assets	0.95	0.95	0.95		-0.97	1.0	0.41	0.79	-0.71	0.8	0.94	0.95	0.71	0.99	0.49	1.0	1.0	-0.61	-0.61	0.83	0.7	-0.61	0.83
Retained Earnings	-0.97	-0.97	-0.97	-0.97		-0.97	-0.27	-0.77	0.83	-0.81	-0.97	-0.97	-0.58	-0.99	-0.36	-0.97	-0.97	0.55	0.55	-0.91	-0.76	0.55	-0.91
Accounts Payable	0.94	0.95	0.95	1.0	-0.97		0.4	0.75	-0.71	0.76	0.94	0.95	0.7	0.98	0.48	1.0	0.99	-0.61	-0.61	0.83	0.69	-0.61	0.83
Cash	0.34	0.16	0.38	0.41	-0.27	0.4		0.59	0.18	0.51	0.08	0.38	0.92	0.26	1.0	0.41	0.42	0.14	0.14	-0.08	-0.18	0.14	-0.08
Net Receivables	0.78	0.73	0.79	0.79	-0.77	0.75	0.59		-0.54	0.96	0.69	0.79	0.76	0.76	0.64	0.78	0.84	-0.35	-0.35	0.59	0.41	-0.35	0.59
Common Stock Shares Outstanding	-0.81	-0.88	-0.79	-0.71	0.83	-0.71	0.18	-0.54		-0.61	-0.88	-0.79	-0.11	-0.79	0.1	-0.71	-0.71	0.43	0.43	-0.93	-0.74	0.43	-0.93
Other Stockholder Equity	0.86	0.74	0.87	0.8	-0.81	0.76	0.51	0.96	-0.61		0.73	0.87	0.66	0.78	0.57	0.79	0.84	-0.29	-0.29	0.7	0.59	-0.29	0.7
Total Liab	0.91	0.99	0.91	0.94	-0.97	0.94	0.08	0.69	-0.88	0.73		0.91	0.44	0.98	0.17	0.94	0.94	-0.7	-0.7	0.94	0.81	-0.7	0.94
Net Invested Capital	1.0	0.92	1.0	0.95	-0.97	0.95	0.38	0.79	-0.79	0.87	0.91		0.62	0.94	0.46	0.95	0.95	-0.42	-0.42	0.89	0.76	-0.42	0.89
Total Current Assets	0.59	0.5	0.62	0.71	-0.58	0.7	0.92	0.76	-0.11	0.66	0.44	0.62		0.59	0.95	0.71	0.72	-0.23	-0.23	0.23	0.09	-0.23	0.23
Capital Stock	0.94	0.98	0.94	0.99	-0.99	0.98	0.26	0.76	-0.79	0.78	0.98	0.94	0.59		0.35	0.99	0.98	-0.67	-0.67	0.9	0.77	-0.67	0.9
Net Working Capital	0.43	0.25	0.46	0.49	-0.36	0.48	1.0	0.64	0.1	0.57	0.17	0.46	0.95	0.35		0.49	0.5	0.08	0.08	0.01	-0.1	0.08	0.01
Common Stock	0.95	0.95	0.95	1.0	-0.97	1.0	0.41	0.78	-0.71	0.79	0.94	0.95	0.71	0.99	0.49		0.99	-0.61	-0.61	0.83	0.69	-0.61	0.83
Property Plant Equipment	0.94	0.94	0.95	1.0	-0.97	0.99	0.42	0.84	-0.71	0.84	0.94	0.95	0.72	0.98	0.5	0.99		-0.61	-0.61	0.83	0.69	-0.61	0.83
Other Current Liab	-0.42	-0.64	-0.42	-0.61	0.55	-0.61	0.14	-0.35	0.43	-0.29	-0.7	-0.42	-0.23	-0.67	0.08	-0.61	-0.61		1.0	-0.56	-0.58	1.0	-0.56
Other Liab	-0.42	-0.64	-0.42	-0.61	0.55	-0.61	0.14	-0.35	0.43	-0.29	-0.7	-0.42	-0.23	-0.67	0.08	-0.61	-0.61	1.0		-0.56	-0.58	1.0	-0.56
Property Plant And Equipment Net	0.91	0.92	0.89	0.83	-0.91	0.83	-0.08	0.59	-0.93	0.7	0.94	0.89	0.23	0.9	0.01	0.83	0.83	-0.56	-0.56		0.92	-0.56	1.0
Non Currrent Assets Other	0.77	0.74	0.76	0.7	-0.76	0.69	-0.18	0.41	-0.74	0.59	0.81	0.76	0.09	0.77	-0.1	0.69	0.69	-0.58	-0.58	0.92		-0.58	0.92
Other Assets	-0.42	-0.64	-0.42	-0.61	0.55	-0.61	0.14	-0.35	0.43	-0.29	-0.7	-0.42	-0.23	-0.67	0.08	-0.61	-0.61	1.0	1.0	-0.56	-0.58		-0.56
Property Plant And Equipment Gross	0.91	0.92	0.89	0.83	-0.91	0.83	-0.08	0.59	-0.93	0.7	0.94	0.89	0.23	0.9	0.01	0.83	0.83	-0.56	-0.56	1.0	0.92	-0.56

Click cells to compare fundamentals

Kingfisher Metals Account Relationship Matchups

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.

Pair Correlation Correlation 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary 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.

	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Kingfisher Net Invested Capital vs Non Currrent Assets Other Analysis

Net Invested Capital vs Non Currrent Assets Other

Net Invested Capital vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Invested Capital

Non Currrent Assets Other

Kingfisher Metals fundamental ratios Correlations

Kingfisher Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kingfisher Metals fundamental ratios Accounts

Pair Trading with Kingfisher Metals

Complementary Tools for Kingfisher Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 1.0	Net Tangible Assets
Common Stock	+ 1.0	Net Tangible Assets
Property Plant Equipment	+ 1.0	Net Tangible Assets

Capital Stock	- 0.99	Retained Earnings
Property Plant Equipment	- 0.97	Retained Earnings
Common Stock	- 0.97	Retained Earnings
Net Invested Capital	- 0.97	Retained Earnings
Total Liab	- 0.97	Retained Earnings
Accounts Payable	- 0.97	Retained Earnings