ZKIN Average Inventory from 2010 to 2026
| ZKIN Stock | USD 1.70 0.06 3.66% |
Average Inventory | First Reported 2010-12-31 | Previous Quarter 12 M | Current Value 12.2 M | Quarterly Volatility 5.9 M |
Check ZK International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ZK International's main balance sheet or income statement drivers, such as Interest Income of 5.8 K, Discontinued Operations of 0.0 or Depreciation And Amortization of 708.8 K, as well as many indicators such as Price To Sales Ratio of 0.19, Dividend Yield of 0.0 or PTB Ratio of 0.55. ZKIN financial statements analysis is a perfect complement when working with ZK International Valuation or Volatility modules.
ZKIN | Average Inventory | Build AI portfolio with ZKIN Stock |
Evaluating ZK International's Average Inventory across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into ZK International Group's fundamental strength.
Latest ZK International's Average Inventory Growth Pattern
Below is the plot of the Average Inventory of ZK International Group over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. ZK International's Average Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ZK International's overall financial position and show how it may be relating to other accounts over time.
| Average Inventory | 10 Years Trend |
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Average Inventory |
| Timeline |
ZKIN Average Inventory Regression Statistics
| Arithmetic Mean | 12,839,177 | |
| Geometric Mean | 11,478,715 | |
| Coefficient Of Variation | 45.93 | |
| Mean Deviation | 4,866,296 | |
| Median | 13,303,674 | |
| Standard Deviation | 5,897,336 | |
| Sample Variance | 34.8T | |
| Range | 15M | |
| R-Value | 0.59 | |
| Mean Square Error | 24.1T | |
| R-Squared | 0.35 | |
| Significance | 0.01 | |
| Slope | 691,350 | |
| Total Sum of Squares | 556.5T |
ZKIN Average Inventory History
About ZK International Financial Statements
ZK International investors utilize fundamental indicators, such as Average Inventory, to predict how ZKIN Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Average Inventory | 12 M | 12.2 M |
Pair Trading with ZK International
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 ZK International 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 ZK International will appreciate offsetting losses from the drop in the long position's value.Moving against ZKIN Stock
| 0.85 | B | Barrick Mining Symbol Change | PairCorr |
| 0.85 | QTWO | Q2 Metals Corp | PairCorr |
| 0.84 | AA | Alcoa Corp | PairCorr |
| 0.83 | AP | Ampco Pittsburgh | PairCorr |
| 0.83 | ROS | Roscan Gold Corp | PairCorr |
The ability to find closely correlated positions to ZK International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZK International 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 ZK International - 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 ZK International Group to buy it.
The correlation of ZK International 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 ZK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZK International 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 ZK International 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.Check out the analysis of ZK International Correlation against competitors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Will Metals & Mining sector continue expanding? Could ZKIN diversify its offerings? Factors like these will boost the valuation of ZK International. Anticipated expansion of ZKIN directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every ZK International data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.98) | Earnings Share (0.70) | Revenue Per Share | Quarterly Revenue Growth (0.43) | Return On Assets |
ZK International's market price often diverges from its book value, the accounting figure shown on ZKIN's balance sheet. Smart investors calculate ZK International's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since ZK International's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between ZK International's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZK International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZK International's 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.