| KES Stock | | | CAD 0.04 0.01 12.50% |
Kesselrun Resources financial indicator trend analysis is infinitely more than just investigating Kesselrun Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kesselrun Resources is a good investment. Please check the relationship between Kesselrun Resources Average Payables and its Roic accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kesselrun Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Average Payables vs Roic
Average Payables vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kesselrun Resources Average Payables account and
Roic. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kesselrun Resources' Average Payables and Roic is -0.37. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Roic in the same time period over historical financial statements of Kesselrun Resources, assuming nothing else is changed. The correlation between historical values of Kesselrun Resources' Average Payables and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Kesselrun Resources are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Average Payables i.e., Kesselrun Resources' Average Payables and Roic go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Kesselrun Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kesselrun Resources 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 Kesselrun Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Kesselrun Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 2.4
M in 2024, whereas
Tax Provision is likely to drop slightly above 63.3
K in 2024.
Kesselrun Resources fundamental ratios Correlations
Click cells to compare fundamentals
Kesselrun Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kesselrun Resources fundamental ratios Accounts
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Additional Tools for Kesselrun Stock Analysis
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predict the probability of Kesselrun Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kesselrun Resources' price. Additionally, you may evaluate how the addition of Kesselrun Resources to your portfolios can decrease your overall portfolio volatility.