| KULR Stock | | | USD 0.45 0.03 7.14% |
KULR Technology financial indicator trend analysis is infinitely more than just investigating KULR Technology Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KULR Technology Group is a good investment. Please check the relationship between KULR Technology Depreciation And Amortization and its Gross Profit accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KULR Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Depreciation And Amortization vs Gross Profit
Depreciation And Amortization vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
KULR Technology Group Depreciation And Amortization account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between KULR Technology's Depreciation And Amortization and Gross Profit is 0.92. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Gross Profit in the same time period over historical financial statements of KULR Technology Group, assuming nothing else is changed. The correlation between historical values of KULR Technology's Depreciation And Amortization and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of KULR Technology Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Depreciation And Amortization i.e., KULR Technology's Depreciation And Amortization and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of KULR Technology Group minus its cost of goods sold. It is profit before KULR Technology operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from KULR Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KULR Technology Group 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 KULR Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, KULR Technology's
Selling General Administrative is relatively stable compared to the past year. As of 11/24/2024,
Tax Provision is likely to grow to 966.00, while
Enterprise Value Over EBITDA is likely to drop
(1.10).
KULR Technology fundamental ratios Correlations
Click cells to compare fundamentals
KULR Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
KULR Technology fundamental ratios Accounts
Pair Trading with KULR Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if KULR Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in KULR Technology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to KULR Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KULR Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KULR Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KULR Technology Group to buy it.
The correlation of KULR Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KULR Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KULR Technology Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for KULR Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Additional Tools for KULR Stock Analysis
When running KULR Technology's price analysis, check to
measure KULR Technology'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 KULR Technology is operating at the current time. Most of KULR Technology's value examination focuses on studying past and present price action to
predict the probability of KULR Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KULR Technology's price. Additionally, you may evaluate how the addition of KULR Technology to your portfolios can decrease your overall portfolio volatility.