KALU Stock | | | USD 81.18 0.94 1.17% |
Kaiser Aluminum financial indicator trend analysis is infinitely more than just investigating Kaiser Aluminum recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kaiser Aluminum is a good investment. Please check the relationship between Kaiser Aluminum Capital Stock and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaiser Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Kaiser Stock please use our
How to Invest in Kaiser Aluminum guide.
Capital Stock vs Accounts Payable
Capital Stock vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kaiser Aluminum Capital Stock account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kaiser Aluminum's Capital Stock and Accounts Payable is -0.43. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Kaiser Aluminum, assuming nothing else is changed. The correlation between historical values of Kaiser Aluminum's Capital Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Kaiser Aluminum are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Stock i.e., Kaiser Aluminum's Capital Stock and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Accounts Payable
An accounting item on the balance sheet that represents Kaiser Aluminum obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Kaiser Aluminum are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Kaiser Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kaiser Aluminum 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 Kaiser Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Kaiser Stock please use our
How to Invest in Kaiser Aluminum guide.At this time, Kaiser Aluminum's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 2.4
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 108.4
M in 2024.
Kaiser Aluminum fundamental ratios Correlations
Click cells to compare fundamentals
Kaiser Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kaiser Aluminum fundamental ratios Accounts
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Additional Tools for Kaiser Stock Analysis
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