NKTX Stock | | | USD 2.87 0.12 4.01% |
Nkarta financial indicator trend analysis is infinitely more than just investigating Nkarta Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nkarta Inc is a good investment. Please check the relationship between Nkarta Cost Of Revenue and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nkarta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Cost Of Revenue vs Selling General Administrative
Cost Of Revenue vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nkarta Inc Cost Of Revenue account and
Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nkarta's Cost Of Revenue and Selling General Administrative is 0.94. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Nkarta Inc, assuming nothing else is changed. The correlation between historical values of Nkarta's Cost Of Revenue and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Nkarta Inc are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Cost Of Revenue i.e., Nkarta's Cost Of Revenue and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Nkarta Inc income statement and represents the costs associated with goods and services Nkarta provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Selling General Administrative
Most indicators from Nkarta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nkarta Inc 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 Nkarta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Sales General And Administrative To Revenue is likely to rise to 42.97 in 2024, whereas Selling General Administrative is likely to drop slightly above 20
M in 2024.
Nkarta fundamental ratios Correlations
Click cells to compare fundamentals
Nkarta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nkarta fundamental ratios Accounts
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measure Nkarta'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 Nkarta is operating at the current time. Most of Nkarta's value examination focuses on studying past and present price action to
predict the probability of Nkarta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nkarta's price. Additionally, you may evaluate how the addition of Nkarta to your portfolios can decrease your overall portfolio volatility.