KEI Stock | | | 4,177 18.55 0.44% |
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 Total Current Assets 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 Total Current Assets
Property Plant Equipment vs Total Current Assets 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
Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between KEI Industries' Property Plant Equipment and Total Current Assets is 0.92. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Assets 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 Total Current 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 Property Plant Equipment of KEI Industries Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant Equipment i.e., KEI Industries' Property Plant Equipment and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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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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 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.