Kingfisher Property Plant And Equipment Gross vs Common Stock Shares Outstanding 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 Property Plant And Equipment Gross and its Common Stock Shares Outstanding 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.
Property Plant And Equipment Gross vs Common Stock Shares Outstanding
Property Plant And Equipment Gross vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfisher Metals Corp Property Plant And Equipment Gross account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Kingfisher Metals' Property Plant And Equipment Gross and Common Stock Shares Outstanding is -0.93. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Common Stock Shares Outstanding 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' Property Plant And Equipment Gross and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Kingfisher Metals Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Property Plant And Equipment Gross i.e., Kingfisher Metals' Property Plant And Equipment Gross and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.93 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Property Plant And Equipment Gross
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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.