KEQU Stock | | | USD 42.69 0.58 1.38% |
Kewaunee Scientific financial indicator trend analysis is infinitely more than just investigating Kewaunee Scientific recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kewaunee Scientific is a good investment. Please check the relationship between Kewaunee Scientific Non Current Liabilities Total and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kewaunee Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
For more information on how to buy Kewaunee Stock please use our
How to Invest in Kewaunee Scientific guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kewaunee Scientific Non Current Liabilities Total account and
Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kewaunee Scientific's Non Current Liabilities Total and Net Receivables is 0.66. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Kewaunee Scientific, assuming nothing else is changed. The correlation between historical values of Kewaunee Scientific's Non Current Liabilities Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Kewaunee Scientific are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Liabilities Total i.e., Kewaunee Scientific's Non Current Liabilities Total and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Kewaunee Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kewaunee Scientific 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 Kewaunee Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
For more information on how to buy Kewaunee Stock please use our
How to Invest in Kewaunee Scientific guide.At this time, Kewaunee Scientific's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 9.91 in 2024, despite the fact that
Tax Provision is likely to grow to (5.6
M).
When running Kewaunee Scientific's price analysis, check to
measure Kewaunee Scientific'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 Kewaunee Scientific is operating at the current time. Most of Kewaunee Scientific's value examination focuses on studying past and present price action to
predict the probability of Kewaunee Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kewaunee Scientific's price. Additionally, you may evaluate how the addition of Kewaunee Scientific to your portfolios can decrease your overall portfolio volatility.