Kenon Net Tangible Assets vs Capital Stock Analysis

KEN Stock  USD 30.68  0.12  0.39%   
Kenon Holdings financial indicator trend analysis is infinitely more than just investigating Kenon Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kenon Holdings is a good investment. Please check the relationship between Kenon Holdings Net Tangible Assets and its Capital Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenon Holdings. 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.
To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.

Net Tangible Assets vs Capital Stock

Net Tangible Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kenon Holdings Net Tangible Assets account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kenon Holdings' Net Tangible Assets and Capital Stock is -0.5. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Kenon Holdings, assuming nothing else is changed. The correlation between historical values of Kenon Holdings' Net Tangible Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Kenon Holdings are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Tangible Assets i.e., Kenon Holdings' Net Tangible Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Kenon Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kenon Holdings 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 Kenon Holdings. 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.
To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.As of the 4th of December 2024, Issuance Of Capital Stock is likely to grow to about 262 M, while Selling General Administrative is likely to drop about 58 M.
 2021 2022 2023 2024 (projected)
Interest Expense51.9M50M64.1M57.7M
Depreciation And Amortization57.6M62.9M90.9M96.0M

Kenon Holdings fundamental ratios Correlations

0.760.730.690.690.280.070.840.490.120.70.720.530.380.130.220.110.130.050.940.60.430.630.790.670.63
0.760.550.430.35-0.11-0.190.830.140.30.640.610.160.03-0.1-0.120.20.140.130.790.480.250.760.430.760.37
0.730.550.170.29-0.11-0.310.890.44-0.040.50.820.160.23-0.04-0.130.12-0.040.010.850.540.070.830.620.860.34
0.690.430.170.510.730.580.30.540.190.250.090.50.230.210.290.080.270.180.410.050.770.110.670.120.29
0.690.350.290.510.270.040.380.250.20.560.420.490.560.160.270.030.08-0.10.610.650.290.00.470.080.85
0.28-0.11-0.110.730.270.69-0.120.440.00.13-0.040.550.380.170.470.00.220.15-0.01-0.060.74-0.210.41-0.190.17
0.07-0.19-0.310.580.040.69-0.250.1-0.33-0.25-0.30.63-0.220.420.37-0.150.110.1-0.25-0.40.71-0.320.1-0.360.03
0.840.830.890.30.38-0.12-0.250.270.070.710.890.240.18-0.04-0.050.220.090.110.940.660.180.910.580.930.47
0.490.140.440.540.250.440.10.270.170.080.160.240.440.130.04-0.140.01-0.080.380.010.20.230.860.290.11
0.120.3-0.040.190.20.0-0.330.070.170.140.03-0.290.3-0.03-0.220.180.01-0.080.130.05-0.180.120.160.13-0.1
0.70.640.50.250.560.13-0.250.710.080.140.840.390.62-0.030.390.110.09-0.020.770.920.190.550.390.620.72
0.720.610.820.090.42-0.04-0.30.890.160.030.840.350.39-0.060.130.12-0.03-0.040.850.830.10.80.440.840.62
0.530.160.160.50.490.550.630.240.24-0.290.390.350.270.530.48-0.34-0.15-0.210.330.30.560.060.350.10.63
0.380.030.230.230.560.38-0.220.180.440.30.620.390.270.230.39-0.020.04-0.150.380.640.040.010.460.120.48
0.13-0.1-0.040.210.160.170.42-0.040.13-0.03-0.03-0.060.530.230.07-0.10.0-0.04-0.02-0.040.12-0.150.16-0.10.07
0.22-0.12-0.130.290.270.470.37-0.050.04-0.220.390.130.480.390.07-0.28-0.09-0.230.10.310.23-0.140.18-0.10.38
0.110.20.120.080.030.0-0.150.22-0.140.180.110.12-0.34-0.02-0.1-0.280.910.930.150.07-0.060.190.160.17-0.18
0.130.14-0.040.270.080.220.110.090.010.010.09-0.03-0.150.040.0-0.090.910.960.070.00.120.020.270.01-0.1
0.050.130.010.18-0.10.150.10.11-0.08-0.08-0.02-0.04-0.21-0.15-0.04-0.230.930.960.01-0.110.130.10.160.06-0.25
0.940.790.850.410.61-0.01-0.250.940.380.130.770.850.330.38-0.020.10.150.070.010.740.170.760.690.810.62
0.60.480.540.050.65-0.06-0.40.660.010.050.920.830.30.64-0.040.310.070.0-0.110.740.040.430.280.510.8
0.430.250.070.770.290.740.710.180.2-0.180.190.10.560.040.120.23-0.060.120.130.170.040.020.240.010.31
0.630.760.830.110.0-0.21-0.320.910.230.120.550.80.060.01-0.15-0.140.190.020.10.760.430.020.460.990.15
0.790.430.620.670.470.410.10.580.860.160.390.440.350.460.160.180.160.270.160.690.280.240.460.520.31
0.670.760.860.120.08-0.19-0.360.930.290.130.620.840.10.12-0.1-0.10.170.010.060.810.510.010.990.520.22
0.630.370.340.290.850.170.030.470.11-0.10.720.620.630.480.070.38-0.18-0.1-0.250.620.80.310.150.310.22
Click cells to compare fundamentals

Kenon Holdings Account Relationship Matchups

Kenon Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.5B4.1B3.8B4.1B3.5B
Other Current Liab14.6M74.8M253.4M40.2M39.1M37.1M
Total Current Liabilities105.0M228M447.3M193M358.8M493.5M
Total Stockholder Equity623.4M1.1B1.8B1.6B1.2B980.4M
Other Liab109M102.1M154.3M139.2M160.1M128.4M
Net Tangible Assets622M1.1B1.6B1.4B1.6B912.0M
Retained Earnings(10.9M)460M1.1B1.5B1.1B1.1B
Accounts Payable15.4M92.5M136.5M95.0M70.7M116.6M
Cash147.2M286M474.5M535M696.8M464.0M
Other Assets373M124.1M125.2M70.4M81.0M77.0M
Long Term Debt576.7M871.8M1.2B1.1B1.4B1.2B
Net Receivables54.1M47.9M76.7M78.6M150.8M114.0M
Good Will131K141K118.8M117.2M192.3M201.9M
Common Stock Shares Outstanding53.9M53.9M53.9M53.9M53.4M59.0M
Short Term Investments33.6M114K229K391M215.8M122.0M
Inventory122.4M564M1.7M1.9M532K505.4K
Other Current Assets5.9M373.6M28.4M65.6M32.1M30.5M
Other Stockholder Equity(14.0M)404.1M25.7M1.2M1.4M1.3M
Total Liab796.6M1.2B1.8B1.5B2.0B1.6B
Deferred Long Term Liab18.8M27.3M31.8M48.0M43.2M57.1M
Long Term Investments119.7M532.4M1.9B1.1B703.2M565.6M
Short Long Term Debt45.6M46.5M38.3M39.3M169.6M161.1M
Total Current Assets329.5M920M581.6M1.1B1.1B846.4M
Accumulated Other Comprehensive Income31.9M5M51.5M43M66.1M69.4M
Short Term Debt46.5M60.6M57.3M56.7M174.6M266.0M
Intangible Assets1.1M1.3M105.5M103.6M129.0M81.7M
Property Plant Equipment685M904.6M1.2B1.3B1.2B1.5B
Property Plant And Equipment Net684.8M905M1.2B1.3B1.9B1.4B
Net Debt481.1M651M769.5M664M894.7M946.6M
Non Current Assets Total1.2B1.6B3.5B2.7B3.0B2.1B
Non Currrent Assets Other294.2M45M90.4M82M82.8M86.9M
Cash And Short Term Investments147.2M286M474.8M926M912.6M611.0M
Non Current Liabilities Total691.6M978M1.3B1.3B1.7B1.4B
Short Long Term Debt Total628.3M937M1.2B1.2B1.6B1.4B
Current Deferred Revenue6.9M28.5M244.8M88.9M102.2M85.2M
Liabilities And Stockholders Equity1.5B2.5B4.1B3.8B4.1B2.6B
Property Plant And Equipment Gross684.8M904.6M1.5B1.3B2.2B1.5B
Long Term Debt Total581.8M871.8M1.2B1.1B1.0B1.1B

Pair Trading with Kenon Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kenon Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kenon Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kenon Stock

  0.84NRG NRG EnergyPairCorr
  0.85PAM Pampa Energia SAPairCorr
  0.8TAC TransAlta CorpPairCorr
  0.86VST Vistra Energy CorpPairCorr

Moving against Kenon Stock

  0.86ELPC Companhia ParanaensePairCorr
  0.73FE FirstEnergyPairCorr
  0.7ES Eversource EnergyPairCorr
  0.67RNWWW ReNew Energy GlobalPairCorr
  0.61ED Consolidated EdisonPairCorr
The ability to find closely correlated positions to Kenon Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kenon Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kenon Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kenon Holdings to buy it.
The correlation of Kenon Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kenon Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kenon Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kenon Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Kenon Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kenon Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kenon Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kenon Holdings Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenon Holdings. 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.
To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kenon Holdings. If investors know Kenon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kenon Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.348
Earnings Share
(1.44)
Revenue Per Share
13.743
Quarterly Revenue Growth
0.097
Return On Assets
0.0088
The market value of Kenon Holdings is measured differently than its book value, which is the value of Kenon that is recorded on the company's balance sheet. Investors also form their own opinion of Kenon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kenon Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kenon Holdings' market value can be influenced by many factors that don't directly affect Kenon Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kenon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kenon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kenon Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.