KNX Stock | | | USD 56.21 0.20 0.36% |
Knight Transportation financial indicator trend analysis is infinitely more than just investigating Knight Transportation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Knight Transportation is a good investment. Please check the relationship between Knight Transportation Deferred Long Term Liab and its Total Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. 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.
For more information on how to buy Knight Stock please use our
How to Invest in Knight Transportation guide.
Deferred Long Term Liab vs Total Liab
Deferred Long Term Liab vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Knight Transportation Deferred Long Term Liab account and
Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Knight Transportation's Deferred Long Term Liab and Total Liab is 0.87. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Knight Transportation, assuming nothing else is changed. The correlation between historical values of Knight Transportation's Deferred Long Term Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Knight Transportation are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Deferred Long Term Liab i.e., Knight Transportation's Deferred Long Term Liab and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Knight Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Knight Transportation 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 Knight Transportation. 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.
For more information on how to buy Knight Stock please use our
How to Invest in Knight Transportation guide.At this time, Knight Transportation's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 92.1
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
Knight Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Knight Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Knight Transportation fundamental ratios Accounts
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Additional Tools for Knight Stock Analysis
When running Knight Transportation's price analysis, check to
measure Knight Transportation'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 Knight Transportation is operating at the current time. Most of Knight Transportation's value examination focuses on studying past and present price action to
predict the probability of Knight Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knight Transportation's price. Additionally, you may evaluate how the addition of Knight Transportation to your portfolios can decrease your overall portfolio volatility.