| KDA Stock | | | CAD 0.27 0.01 3.85% |
KDA financial indicator trend analysis is infinitely more than just investigating KDA Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KDA Group is a good investment. Please check the relationship between KDA Non Current Assets Total and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KDA Group. 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.
Non Current Assets Total vs Total Assets
Non Current Assets Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
KDA Group Non Current Assets Total account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between KDA's Non Current Assets Total and Total Assets is 0.61. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of KDA Group, assuming nothing else is changed. The correlation between historical values of KDA's Non Current Assets Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of KDA Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., KDA's Non Current Assets Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Total Assets
Total assets refers to the total amount of KDA assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in KDA Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from KDA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KDA Group 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 KDA Group. 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.
Tax Provision is likely to climb to about 2.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.7
M in 2024.
KDA fundamental ratios Correlations
Click cells to compare fundamentals
KDA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
KDA fundamental ratios Accounts
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Additional Tools for KDA Stock Analysis
When running KDA's price analysis, check to
measure KDA'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 KDA is operating at the current time. Most of KDA's value examination focuses on studying past and present price action to
predict the probability of KDA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KDA's price. Additionally, you may evaluate how the addition of KDA to your portfolios can decrease your overall portfolio volatility.