KEI Stock | | | 4,320 142.95 3.42% |
KEI Industries financial indicator trend analysis is infinitely more than just investigating KEI Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KEI Industries is a good investment. Please check the relationship between KEI Industries Property Plant Equipment and its Non Current Assets Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KEI Industries Limited. 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.
Property Plant Equipment vs Non Current Assets Total
Property Plant Equipment vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
KEI Industries Property Plant Equipment account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between KEI Industries' Property Plant Equipment and Non Current Assets Total is 0.82. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of KEI Industries Limited, assuming nothing else is changed. The correlation between historical values of KEI Industries' Property Plant Equipment and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of KEI Industries Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Property Plant Equipment i.e., KEI Industries' Property Plant Equipment and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
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.
Most indicators from KEI Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KEI Industries 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 KEI Industries Limited. 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.
The current year's
Selling General Administrative is expected to grow to about 2.9
B, whereas
Tax Provision is forecasted to decline to about 1.1
B.
KEI Industries fundamental ratios Correlations
Click cells to compare fundamentals
KEI Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
KEI Industries fundamental ratios Accounts
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Other Information on Investing in KEI Stock
Balance Sheet is a snapshot of the
financial position of KEI Industries at a specified time, usually calculated after every quarter, six months, or one year. KEI Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of KEI Industries 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 KEI currently owns. An asset can also be divided into two categories, current and non-current.