KMT Stock | | | USD 29.12 0.29 1.01% |
Kennametal financial indicator trend analysis is infinitely more than just investigating Kennametal recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kennametal is a good investment. Please check the relationship between Kennametal Retained Earnings and its Total Permanent Equity accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
For more information on how to buy Kennametal Stock please use our
How to Invest in Kennametal guide.
Retained Earnings vs Total Permanent Equity
Retained Earnings vs Total Permanent Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kennametal Retained Earnings account and
Total Permanent Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Kennametal's Retained Earnings and Total Permanent Equity is -0.16. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Permanent Equity in the same time period over historical financial statements of Kennametal, assuming nothing else is changed. The correlation between historical values of Kennametal's Retained Earnings and Total Permanent Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Kennametal are associated (or correlated) with its Total Permanent Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Permanent Equity has no effect on the direction of Retained Earnings i.e., Kennametal's Retained Earnings and Total Permanent Equity go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Total Permanent Equity
Most indicators from Kennametal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kennametal 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 Kennametal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
For more information on how to buy Kennametal Stock please use our
How to Invest in Kennametal guide.At this time, Kennametal's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas
Selling General Administrative is likely to drop slightly above 526.9
M in 2024.
Kennametal fundamental ratios Correlations
Click cells to compare fundamentals
Kennametal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kennametal fundamental ratios Accounts
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Additional Tools for Kennametal Stock Analysis
When running Kennametal's price analysis, check to
measure Kennametal'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 Kennametal is operating at the current time. Most of Kennametal's value examination focuses on studying past and present price action to
predict the probability of Kennametal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kennametal's price. Additionally, you may evaluate how the addition of Kennametal to your portfolios can decrease your overall portfolio volatility.