| KAYNES Stock | | | 4,050 41.10 1.03% |
Kaynes Technology financial indicator trend analysis is infinitely more than just investigating Kaynes Technology India recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kaynes Technology India is a good investment. Please check the relationship between Kaynes Technology Cash and its Inventory accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaynes Technology India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kaynes Technology India Cash account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Kaynes Technology's Cash and Inventory is -0.1. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Kaynes Technology India, assuming nothing else is changed. The correlation between historical values of Kaynes Technology's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Kaynes Technology India are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Kaynes Technology's Cash and Inventory go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Kaynes Technology India, which is listed under current asset account on Kaynes Technology India balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kaynes Technology customers. The amounts must be unrestricted with restricted cash listed in a different Kaynes Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Inventory
Most indicators from Kaynes Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kaynes Technology India 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 Kaynes Technology India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The current year's
Selling General Administrative is expected to grow to about 1.3
B. The current year's
Tax Provision is expected to grow to about 583
MKaynes Technology fundamental ratios Correlations
Click cells to compare fundamentals
Kaynes Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kaynes Technology fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Kaynes Stock
Balance Sheet is a snapshot of the
financial position of Kaynes Technology India at a specified time, usually calculated after every quarter, six months, or one year. Kaynes Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kaynes Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kaynes currently owns. An asset can also be divided into two categories, current and non-current.