KAR Stock | | | 1.41 0.01 0.71% |
Karoon Energy financial indicator trend analysis is infinitely more than just investigating Karoon Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Karoon Energy is a good investment. Please check the relationship between Karoon Energy Common Stock Shares Outstanding and its Non Currrent Assets Other accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karoon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Common Stock Shares Outstanding vs Non Currrent Assets Other
Common Stock Shares Outstanding vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Karoon Energy Common Stock Shares Outstanding account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have no relationship.
The correlation between Karoon Energy's Common Stock Shares Outstanding and Non Currrent Assets Other is 0.02. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Karoon Energy, assuming nothing else is changed. The correlation between historical values of Karoon Energy's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Karoon Energy 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 Common Stock Shares Outstanding i.e., Karoon Energy's Common Stock Shares Outstanding and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
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 Karoon Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Karoon Energy 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 Karoon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Karoon Energy's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 50.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 2
M in 2024.
Karoon Energy fundamental ratios Correlations
Click cells to compare fundamentals
Karoon Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Karoon Energy fundamental ratios Accounts
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Additional Tools for Karoon Stock Analysis
When running Karoon Energy's price analysis, check to
measure Karoon Energy's 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 Karoon Energy is operating at the current time. Most of Karoon Energy's value examination focuses on studying past and present price action to
predict the probability of Karoon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karoon Energy's price. Additionally, you may evaluate how the addition of Karoon Energy to your portfolios can decrease your overall portfolio volatility.