KAYNES Stock | | | 5,987 149.20 2.56% |
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 Good Will and its Net Receivables 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.
Good Will vs Net Receivables
Good Will vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kaynes Technology India Good Will account and
Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kaynes Technology's Good Will and Net Receivables is 0.74. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Receivables 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 Good Will and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Kaynes Technology India are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Good Will i.e., Kaynes Technology's Good Will and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Net Receivables
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 1.1
BKaynes 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
Also Currently Popular
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.