KEX Stock | | | USD 126.36 3.43 2.64% |
Kirby financial indicator trend analysis is infinitely more than just investigating Kirby recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kirby is a good investment. Please check the relationship between Kirby Extraordinary Items and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kirby. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Kirby Stock please use our
How to Invest in Kirby guide.
Extraordinary Items vs Operating Income
Extraordinary Items vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kirby Extraordinary Items account and
Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kirby's Extraordinary Items and Operating Income is -0.28. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Operating Income in the same time period over historical financial statements of Kirby, assuming nothing else is changed. The correlation between historical values of Kirby's Extraordinary Items and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Kirby are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Extraordinary Items i.e., Kirby's Extraordinary Items and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Extraordinary Items
Operating Income
Operating Income is the amount of profit realized from Kirby operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Kirby is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Kirby's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kirby 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 Kirby. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Kirby Stock please use our
How to Invest in Kirby guide.
Selling General Administrative is likely to rise to about 352
M in 2024.
Tax Provision is likely to rise to about 74.8
M in 2024
Kirby fundamental ratios Correlations
Click cells to compare fundamentals
Kirby Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kirby fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Kirby Stock Analysis
When running Kirby's price analysis, check to
measure Kirby'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 Kirby is operating at the current time. Most of Kirby's value examination focuses on studying past and present price action to
predict the probability of Kirby's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kirby's price. Additionally, you may evaluate how the addition of Kirby to your portfolios can decrease your overall portfolio volatility.