| KFS Stock | | | USD 8.88 0.14 1.60% |
Kingsway Financial financial indicator trend analysis is infinitely more than just investigating Kingsway Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingsway Financial is a good investment. Please check the relationship between Kingsway Financial Cash and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kingsway Financial Cash account and
Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Kingsway Financial's Cash and Total Assets is 0.1. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Kingsway Financial Services, assuming nothing else is changed. The correlation between historical values of Kingsway Financial's Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Kingsway Financial Services are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Kingsway Financial's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Kingsway Financial, which is listed under current asset account on Kingsway Financial Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kingsway Financial customers. The amounts must be unrestricted with restricted cash listed in a different Kingsway Financial account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of Kingsway Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Kingsway Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Kingsway Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingsway Financial 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 Kingsway Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Kingsway Financial's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 44.68 in 2024, whereas
Tax Provision is likely to drop (2
M) in 2024.
Kingsway Financial fundamental ratios Correlations
Click cells to compare fundamentals
Kingsway Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kingsway Financial fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Kingsway Stock Analysis
When running Kingsway Financial's price analysis, check to
measure Kingsway Financial'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 Kingsway Financial is operating at the current time. Most of Kingsway Financial's value examination focuses on studying past and present price action to
predict the probability of Kingsway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsway Financial's price. Additionally, you may evaluate how the addition of Kingsway Financial to your portfolios can decrease your overall portfolio volatility.