Karooooo Inventory vs Retained Earnings Analysis
| KARO Stock | USD 41.35 0.84 2.07% |
Karooooo financial indicator trend analysis is infinitely more than just investigating Karooooo recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Karooooo is a good investment. Please check the relationship between Karooooo Inventory and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karooooo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Karooooo Stock, please use our How to Invest in Karooooo guide.
Inventory vs Retained Earnings
Inventory vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Karooooo Inventory account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Karooooo's Inventory and Retained Earnings is -0.19. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Karooooo, assuming nothing else is changed. The correlation between historical values of Karooooo's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Karooooo are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Karooooo's Inventory and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Inventory
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Karooooo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Karooooo 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 Karooooo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Karooooo Stock, please use our How to Invest in Karooooo guide.At this time, Karooooo's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 13.17, while Tax Provision is likely to drop about 235.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 561.9M | 609.6M | 731.3M | 529.0M | Interest Income | 6.1M | 23.3M | 39.4M | 41.4M |
Karooooo fundamental ratios Correlations
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Karooooo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Karooooo
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 Karooooo 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 Karooooo will appreciate offsetting losses from the drop in the long position's value.Moving together with Karooooo Stock
Moving against Karooooo Stock
The ability to find closely correlated positions to Karooooo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Karooooo 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 Karooooo - 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 Karooooo to buy it.
The correlation of Karooooo 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 Karooooo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Karooooo 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 Karooooo 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karooooo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Karooooo Stock, please use our How to Invest in Karooooo guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Karooooo. If investors know Karooooo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Karooooo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.22 | Dividend Share 19.257 | Earnings Share 1.5 | Revenue Per Share 140.909 | Quarterly Revenue Growth 0.064 |
The market value of Karooooo is measured differently than its book value, which is the value of Karooooo that is recorded on the company's balance sheet. Investors also form their own opinion of Karooooo's value that differs from its market value or its book value, called intrinsic value, which is Karooooo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Karooooo's market value can be influenced by many factors that don't directly affect Karooooo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Karooooo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Karooooo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Karooooo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.