Kezar Change In Working Capital vs Investments Analysis

KZR Stock  USD 7.41  0.06  0.80%   
Kezar Life financial indicator trend analysis is infinitely more than just investigating Kezar Life Sciences recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kezar Life Sciences is a good investment. Please check the relationship between Kezar Life Change In Working Capital and its Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kezar Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Change In Working Capital vs Investments

Change In Working Capital vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kezar Life Sciences Change In Working Capital account and Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kezar Life's Change In Working Capital and Investments is 0.67. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Investments in the same time period over historical financial statements of Kezar Life Sciences, assuming nothing else is changed. The correlation between historical values of Kezar Life's Change In Working Capital and 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 Change In Working Capital of Kezar Life Sciences are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change In Working Capital i.e., Kezar Life's Change In Working Capital and Investments go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Kezar Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kezar Life Sciences 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 Kezar Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of 12/03/2024, Selling General Administrative is likely to grow to about 27.9 M, though Issuance Of Capital Stock is likely to grow to (222.3 K).

Kezar Life fundamental ratios Correlations

0.910.810.990.870.910.93-0.39-0.850.60.740.920.470.821.00.650.910.92-0.410.910.910.91-0.180.970.811.0
0.910.730.90.820.850.74-0.52-0.770.570.770.760.470.730.920.490.840.81-0.390.830.730.79-0.190.810.780.92
0.810.730.790.840.970.79-0.16-0.990.940.560.860.880.950.80.890.960.84-0.380.980.740.96-0.160.840.640.8
0.990.90.790.90.910.94-0.3-0.830.580.650.920.440.770.990.610.90.9-0.550.890.890.89-0.340.960.780.99
0.870.820.840.90.90.88-0.29-0.810.650.60.870.570.80.870.580.880.74-0.590.880.670.84-0.40.850.870.87
0.910.850.970.910.90.87-0.22-0.970.850.620.90.760.920.910.820.990.89-0.491.00.820.98-0.270.910.70.91
0.930.740.790.940.880.87-0.16-0.80.560.540.960.440.80.920.690.850.84-0.50.860.880.87-0.290.970.790.93
-0.39-0.52-0.16-0.3-0.29-0.22-0.160.18-0.05-0.89-0.14-0.01-0.27-0.410.08-0.24-0.25-0.38-0.22-0.14-0.21-0.47-0.22-0.57-0.4
-0.85-0.77-0.99-0.83-0.81-0.97-0.80.18-0.93-0.59-0.88-0.85-0.94-0.85-0.89-0.98-0.90.36-0.99-0.8-0.980.13-0.87-0.63-0.85
0.60.570.940.580.650.850.56-0.05-0.930.420.690.980.870.60.890.860.72-0.250.870.580.85-0.050.630.440.6
0.740.770.560.650.60.620.54-0.89-0.590.420.530.330.630.750.330.640.630.130.620.520.630.310.610.750.74
0.920.760.860.920.870.90.96-0.14-0.880.690.530.60.870.910.770.890.9-0.460.90.880.9-0.210.980.80.91
0.470.470.880.440.570.760.44-0.01-0.850.980.330.60.830.470.860.750.58-0.170.780.430.740.010.520.370.47
0.820.730.950.770.80.920.8-0.27-0.940.870.630.870.830.810.910.910.79-0.180.930.760.910.050.840.710.81
1.00.920.80.990.870.910.92-0.41-0.850.60.750.910.470.810.640.910.92-0.410.90.90.91-0.180.960.811.0
0.650.490.890.610.580.820.690.08-0.890.890.330.770.860.910.640.820.74-0.160.850.750.850.040.740.410.64
0.910.840.960.90.880.990.85-0.24-0.980.860.640.890.750.910.910.820.92-0.450.990.840.99-0.230.90.690.91
0.920.810.840.90.740.890.84-0.25-0.90.720.630.90.580.790.920.740.92-0.350.90.930.93-0.10.920.660.92
-0.41-0.39-0.38-0.55-0.59-0.49-0.5-0.380.36-0.250.13-0.46-0.17-0.18-0.41-0.16-0.45-0.35-0.44-0.32-0.410.96-0.44-0.24-0.41
0.910.830.980.890.881.00.86-0.22-0.990.870.620.90.780.930.90.850.990.9-0.440.830.99-0.220.90.680.9
0.910.730.740.890.670.820.88-0.14-0.80.580.520.880.430.760.90.750.840.93-0.320.830.87-0.10.920.590.91
0.910.790.960.890.840.980.87-0.21-0.980.850.630.90.740.910.910.850.990.93-0.410.990.87-0.180.920.660.91
-0.18-0.19-0.16-0.34-0.4-0.27-0.29-0.470.13-0.050.31-0.210.010.05-0.180.04-0.23-0.10.96-0.22-0.1-0.18-0.2-0.03-0.18
0.970.810.840.960.850.910.97-0.22-0.870.630.610.980.520.840.960.740.90.92-0.440.90.920.92-0.20.760.96
0.810.780.640.780.870.70.79-0.57-0.630.440.750.80.370.710.810.410.690.66-0.240.680.590.66-0.030.760.81
1.00.920.80.990.870.910.93-0.4-0.850.60.740.910.470.811.00.640.910.92-0.410.90.910.91-0.180.960.81
Click cells to compare fundamentals

Kezar Life Account Relationship Matchups

Kezar Life fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets89.5M151.8M217.9M299.6M221.2M159.6M
Other Current Liab62K2M3.8M3.4M3.5M2.3M
Total Current Liabilities6.0M6.4M8.2M11.0M17.7M18.6M
Total Stockholder Equity78.0M141.0M196.9M269.9M187.6M129.1M
Net Tangible Assets78.0M141.0M196.9M269.9M310.4M325.9M
Property Plant And Equipment Net8.1M6.7M6.0M13.2M8.7M6.8M
Net Debt(8.6M)(15.8M)(48.8M)(19.2M)(16.6M)(17.4M)
Retained Earnings(84.3M)(126.0M)(180.7M)(248.9M)(350.8M)(333.2M)
Accounts Payable823K2.4M2.0M2.5M8.3M8.7M
Cash15.0M21.2M62.9M40.5M35.5M35.7M
Non Current Assets Total8.4M7.0M6.3M13.8M14.3M7.9M
Cash And Short Term Investments78.2M140.4M208.4M276.6M201.4M147.6M
Net Receivables642K766K70K2.3M2.6M2.8M
Common Stock Shares Outstanding19.1M44.0M52.8M67.4M72.6M40.2M
Liabilities And Stockholders Equity89.5M151.8M217.9M299.6M221.2M159.6M
Non Current Liabilities Total5.5M4.4M12.8M18.7M15.9M16.7M
Capital Surpluse162.5M267.1M377.8M519.6M597.6M627.4M
Other Current Assets1.0M4.4M3.3M9.2M5.6M3.4M
Other Stockholder Equity162.5M267.1M377.8M519.6M538.4M565.3M
Total Liab11.5M10.9M21.1M29.7M33.7M22.1M
Property Plant And Equipment Gross8.1M6.7M9.6M17.8M14.1M8.7M
Total Current Assets81.1M144.8M211.7M285.7M207.0M151.6M
Accumulated Other Comprehensive Income(196K)(137K)(291K)(923K)(130K)(136.5K)
Property Plant Equipment8.1M3.4M3.3M3.4M3.9M4.0M
Net Invested Capital78.0M141.0M206.5M279.7M197.6M154.9M
Net Working Capital75.1M138.4M203.4M274.7M189.2M163.1M
Retained Earnings Total Equity(84.3M)(126.0M)(180.7M)(248.9M)(224.0M)(212.8M)
Short Term Investments63.3M119.2M145.5M236.1M165.9M149.1M

Pair Trading with Kezar Life

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 Kezar Life 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 Kezar Life will appreciate offsetting losses from the drop in the long position's value.

Moving against Kezar Stock

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  0.37ME 23Andme HoldingPairCorr
  0.34DRRX DurectPairCorr
The ability to find closely correlated positions to Kezar Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kezar Life 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 Kezar Life - 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 Kezar Life Sciences to buy it.
The correlation of Kezar Life 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 Kezar Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kezar Life Sciences 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 Kezar Life 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 Kezar Stock Analysis

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