| KNG Stock | | | CAD 0.44 0.03 7.32% |
Kingsmen Resources financial indicator trend analysis is infinitely more than just investigating Kingsmen Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingsmen Resources is a good investment. Please check the relationship between Kingsmen Resources Begin Period Cash Flow and its Change In Working Capital accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsmen 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.
Begin Period Cash Flow vs Change In Working Capital
Begin Period Cash Flow vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kingsmen Resources Begin Period Cash Flow account and
Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kingsmen Resources' Begin Period Cash Flow and Change In Working Capital is 0.65. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Kingsmen Resources, assuming nothing else is changed. The correlation between historical values of Kingsmen Resources' Begin Period Cash Flow and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Kingsmen Resources are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Begin Period Cash Flow i.e., Kingsmen Resources' Begin Period Cash Flow and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Kingsmen Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingsmen 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 Kingsmen 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.
Issuance Of Capital Stock is likely to climb to about 840
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 226.4
K in 2024.
Kingsmen Resources fundamental ratios Correlations
Click cells to compare fundamentals
Kingsmen Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kingsmen Resources fundamental ratios Accounts
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Additional Tools for Kingsmen Stock Analysis
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