NKTX Stock | | | USD 2.59 0.14 5.71% |
Nkarta financial indicator trend analysis is infinitely more than just investigating Nkarta Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nkarta Inc is a good investment. Please check the relationship between Nkarta End Period Cash Flow and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nkarta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
End Period Cash Flow vs Depreciation
End Period Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nkarta Inc End Period Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nkarta's End Period Cash Flow and Depreciation is 0.43. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Nkarta Inc, assuming nothing else is changed. The correlation between historical values of Nkarta's End Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Nkarta Inc are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of End Period Cash Flow i.e., Nkarta's End Period Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
End Period Cash Flow
Depreciation
Depreciation indicates how much of Nkarta Inc value has been used up. For tax purposes Nkarta can deduct the cost of the tangible assets it purchases as business expenses. However, Nkarta Inc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Nkarta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nkarta Inc 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 Nkarta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Sales General And Administrative To Revenue is likely to rise to 42.97 in 2024, whereas
Selling General Administrative is likely to drop slightly above 19
M in 2024.
Nkarta fundamental ratios Correlations
Click cells to compare fundamentals
Nkarta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nkarta fundamental ratios Accounts
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Additional Tools for Nkarta Stock Analysis
When running Nkarta's price analysis, check to
measure Nkarta'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 Nkarta is operating at the current time. Most of Nkarta's value examination focuses on studying past and present price action to
predict the probability of Nkarta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nkarta's price. Additionally, you may evaluate how the addition of Nkarta to your portfolios can decrease your overall portfolio volatility.