KNOT Other Assets vs Total Stockholder Equity Analysis

KNOP Stock  USD 5.90  0.19  3.33%   
KNOT Offshore financial indicator trend analysis is infinitely more than just investigating KNOT Offshore Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KNOT Offshore Partners is a good investment. Please check the relationship between KNOT Offshore Other Assets and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNOT Offshore Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Other Assets vs Total Stockholder Equity

Other Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KNOT Offshore Partners Other Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between KNOT Offshore's Other Assets and Total Stockholder Equity is -0.27. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of KNOT Offshore Partners, assuming nothing else is changed. The correlation between historical values of KNOT Offshore's Other Assets and Total Stockholder Equity 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 Assets of KNOT Offshore Partners are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Assets i.e., KNOT Offshore's Other Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Assets

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from KNOT Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KNOT Offshore Partners 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 KNOT Offshore Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.03, while Selling General Administrative is likely to drop slightly above 5.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense28.1M42.6M72.7M76.3M
Depreciation And Amortization99.6M107.4M110.3M71.8M

KNOT Offshore fundamental ratios Correlations

0.99-0.470.560.46-0.91.0-0.070.990.610.881.0-0.36-0.370.970.880.550.670.920.280.960.760.50.20.990.92
0.99-0.40.620.43-0.860.99-0.11.00.630.870.99-0.39-0.390.960.870.60.670.930.280.960.810.540.181.00.93
-0.47-0.40.01-0.270.69-0.470.07-0.39-0.26-0.46-0.47-0.10.08-0.44-0.46-0.04-0.36-0.33-0.27-0.41-0.19-0.19-0.12-0.34-0.41
0.560.620.010.32-0.450.55-0.370.620.330.480.55-0.85-0.330.370.480.920.270.65-0.090.370.870.72-0.110.620.48
0.460.43-0.270.32-0.520.45-0.160.420.330.590.45-0.32-0.270.390.590.450.440.48-0.580.380.460.460.120.420.48
-0.9-0.860.69-0.45-0.52-0.890.22-0.85-0.64-0.92-0.890.310.3-0.84-0.92-0.53-0.69-0.84-0.13-0.82-0.69-0.55-0.08-0.83-0.85
1.00.99-0.470.550.45-0.89-0.050.990.60.871.0-0.35-0.370.970.870.530.660.910.290.970.750.480.210.990.92
-0.07-0.10.07-0.37-0.160.22-0.05-0.09-0.61-0.22-0.050.220.290.02-0.22-0.64-0.5-0.330.250.03-0.43-0.770.27-0.09-0.27
0.991.0-0.390.620.42-0.850.99-0.090.620.850.99-0.4-0.390.960.850.590.660.930.290.960.80.530.191.00.92
0.610.63-0.260.330.33-0.640.6-0.610.620.680.6-0.05-0.360.630.680.550.840.70.040.620.580.78-0.080.630.77
0.880.87-0.460.480.59-0.920.87-0.220.850.680.87-0.31-0.310.851.00.570.760.90.030.840.780.590.070.850.91
1.00.99-0.470.550.45-0.891.0-0.050.990.60.87-0.35-0.370.970.870.530.660.910.30.970.750.480.210.990.92
-0.36-0.39-0.1-0.85-0.320.31-0.350.22-0.4-0.05-0.31-0.350.17-0.16-0.31-0.76-0.05-0.380.22-0.16-0.59-0.430.19-0.41-0.26
-0.37-0.390.08-0.33-0.270.3-0.370.29-0.39-0.36-0.31-0.370.17-0.34-0.31-0.34-0.39-0.540.11-0.33-0.43-0.380.41-0.39-0.43
0.970.96-0.440.370.39-0.840.970.020.960.630.850.97-0.16-0.340.850.380.690.870.361.00.640.370.260.960.92
0.880.87-0.460.480.59-0.920.87-0.220.850.681.00.87-0.31-0.310.850.570.760.90.030.840.780.590.070.850.91
0.550.6-0.040.920.45-0.530.53-0.640.590.550.570.53-0.76-0.340.380.570.470.71-0.280.370.890.88-0.170.60.56
0.670.67-0.360.270.44-0.690.66-0.50.660.840.760.66-0.05-0.390.690.760.470.770.070.680.590.67-0.090.660.88
0.920.93-0.330.650.48-0.840.91-0.330.930.70.90.91-0.38-0.540.870.90.710.770.090.860.90.680.010.930.94
0.280.28-0.27-0.09-0.58-0.130.290.250.290.040.030.30.220.110.360.03-0.280.070.090.36-0.04-0.240.310.270.2
0.960.96-0.410.370.38-0.820.970.030.960.620.840.97-0.16-0.331.00.840.370.680.860.360.630.360.260.960.91
0.760.81-0.190.870.46-0.690.75-0.430.80.580.780.75-0.59-0.430.640.780.890.590.9-0.040.630.81-0.040.80.77
0.50.54-0.190.720.46-0.550.48-0.770.530.780.590.48-0.43-0.380.370.590.880.670.68-0.240.360.81-0.220.530.61
0.20.18-0.12-0.110.12-0.080.210.270.19-0.080.070.210.190.410.260.07-0.17-0.090.010.310.26-0.04-0.220.190.11
0.991.0-0.340.620.42-0.830.99-0.091.00.630.850.99-0.41-0.390.960.850.60.660.930.270.960.80.530.190.92
0.920.93-0.410.480.48-0.850.92-0.270.920.770.910.92-0.26-0.430.920.910.560.880.940.20.910.770.610.110.92
Click cells to compare fundamentals

KNOT Offshore Account Relationship Matchups

KNOT Offshore fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.8B1.7B1.7B1.6B1.5B
Short Long Term Debt Total997.2M1.0B969.9M1.1B958.9M864.8M
Other Current Liab8.8M23.0M19.1M16.4M16.9M12.5M
Total Current Liabilities104.0M213.9M116.0M390.0M127.6M133.8M
Total Stockholder Equity711.7M631.1M599.1M566.3M607.5M407.1M
Other Liab4.0M2.5M3.4M3.6M3.2M3.1M
Property Plant And Equipment Net1.7B1.7B1.6B1.6B1.5B1.4B
Current Deferred Revenue8.4M6.9M7.7M2.2M467K443.7K
Net Debt953.7M979.3M907.6M1.0B895.0M824.8M
Accounts Payable2.7M3.8M3.9M4.3M10.2M10.8M
Cash43.5M52.6M62.3M47.6M63.9M40.0M
Non Current Assets Total1.7B1.7B1.6B1.6B1.5B1.4B
Non Currrent Assets Other4.6M(1.7B)2.5M(1.6B)4.4M4.6M
Other Assets3.8M4.0M2.9M1.5M1.3M2.5M
Long Term Debt911.9M846.2M878.5M686.6M857.8M757.2M
Cash And Short Term Investments43.5M52.6M62.3M47.6M63.9M40.0M
Net Receivables2.7M5.7M2.7M11.1M5.2M5.5M
Liabilities And Stockholders Equity1.7B1.1B1.0B1.1B1.6B1.1B
Non Current Liabilities Total922.3M868.8M888.3M691.7M861.4M774.8M
Inventory2.3M2.7M3.3M5.8M3.7M2.3M
Other Current Assets3.4M5.5M5.6M21.5M16.9M17.8M
Other Stockholder Equity551.9M(66.5M)(73.9M)(85.9M)(98.8M)(93.9M)
Total Liab1.0B1.1B1.0B1.1B989.0M908.6M
Property Plant And Equipment Gross1.7B1.7B1.6B1.6B2.4B1.5B
Total Current Assets52.8M66.5M73.9M85.9M89.8M52.5M
Short Term Debt84.0M185.5M89.9M371.2M99.9M107.0M
Intangible Assets1.9M1.3M681K75K67.5K64.1K
Property Plant Equipment1.7B1.7B1.6B1.6B1.9B1.4B
Common Stock622.4M608.3M588.7M567.9M523.2M553.1M
Net Tangible Assets621.1M607.6M588.6M567.9M653.1M593.5M
Short Long Term Debt83.5M184.2M88.6M369.8M99.0M153.2M
Net Invested Capital1.7B1.7B1.6B1.7B1.6B1.4B
Net Working Capital(51.2M)(147.5M)(42.1M)(304.1M)(37.8M)(39.7M)

Pair Trading with KNOT Offshore

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 KNOT Offshore 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 KNOT Offshore will appreciate offsetting losses from the drop in the long position's value.

Moving together with KNOT Stock

  0.85SB Safe BulkersPairCorr

Moving against KNOT Stock

  0.91HTCO Caravelle International Symbol ChangePairCorr
  0.79SB-PC Safe BulkersPairCorr
  0.78SB-PD Safe BulkersPairCorr
  0.6ZIM ZIM Integrated ShippingPairCorr
  0.5CMRE-PB CostamarePairCorr
The ability to find closely correlated positions to KNOT Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KNOT Offshore 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 KNOT Offshore - 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 KNOT Offshore Partners to buy it.
The correlation of KNOT Offshore 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 KNOT Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KNOT Offshore Partners 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 KNOT Offshore 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

Additional Tools for KNOT Stock Analysis

When running KNOT Offshore's price analysis, check to measure KNOT Offshore'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 KNOT Offshore is operating at the current time. Most of KNOT Offshore's value examination focuses on studying past and present price action to predict the probability of KNOT Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KNOT Offshore's price. Additionally, you may evaluate how the addition of KNOT Offshore to your portfolios can decrease your overall portfolio volatility.