Kingfisher Retained Earnings vs Common Stock 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 Retained Earnings and its Common Stock 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.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfisher Metals Corp Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between Kingfisher Metals' Retained Earnings and Common Stock is -0.97. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock 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' Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Kingfisher Metals Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Kingfisher Metals' Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock

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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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.

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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.

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Kingfisher Retained Earnings vs Common Stock Analysis

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

Correlation Coefficient

Retained Earnings

Common Stock

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

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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