Keynote Other Current Assets vs Cash And Short Term Investments Analysis
| KEYFINSERV | 248.86 2.42 0.96% |
Keynote Financial financial indicator trend analysis is infinitely more than just investigating Keynote Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keynote Financial is a good investment. Please check the relationship between Keynote Financial Other Current Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keynote Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Keynote Financial Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Keynote Financial's Other Current Assets and Cash And Short Term Investments is -0.16. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Keynote Financial Services, assuming nothing else is changed. The correlation between historical values of Keynote Financial's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Keynote Financial Services are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Keynote Financial's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Keynote Financial balance sheet. This account contains Keynote Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Keynote Financial Services fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Keynote Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keynote Financial 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 Keynote Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Selling General Administrative is likely to gain to about 62.7 M in 2024. Tax Provision is likely to gain to about 80.7 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 123.5M | 85.4M | 427.2M | 448.5M | Total Revenue | 174.5M | 140.7M | 493.3M | 517.9M |
Keynote Financial fundamental ratios Correlations
Click cells to compare fundamentals
Keynote Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Additional Tools for Keynote Stock Analysis
When running Keynote Financial's price analysis, check to measure Keynote Financial'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 Keynote Financial is operating at the current time. Most of Keynote Financial's value examination focuses on studying past and present price action to predict the probability of Keynote Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Keynote Financial's price. Additionally, you may evaluate how the addition of Keynote Financial to your portfolios can decrease your overall portfolio volatility.