KRNY Stock | | | USD 8.48 0.37 4.56% |
Kearny Financial financial indicator trend analysis is infinitely more than just investigating Kearny Financial Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kearny Financial Corp is a good investment. Please check the relationship between Kearny Financial Net Receivables and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kearny Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kearny Financial Corp Net Receivables account and
Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kearny Financial's Net Receivables and Cash is -0.48. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of Kearny Financial Corp, assuming nothing else is changed. The correlation between historical values of Kearny Financial's Net Receivables and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Kearny Financial Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., Kearny Financial's Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Receivables
Cash
Cash refers to the most liquid asset of Kearny Financial Corp, which is listed under current asset account on Kearny Financial Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kearny Financial customers. The amounts must be unrestricted with restricted cash listed in a different Kearny 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.
Most indicators from Kearny Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kearny Financial Corp 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 Kearny Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Enterprise Value is likely to rise to about 1.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 48.2
M in 2024.
Kearny Financial fundamental ratios Correlations
Click cells to compare fundamentals
Kearny Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kearny Financial fundamental ratios Accounts
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Additional Tools for Kearny Stock Analysis
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predict the probability of Kearny 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 Kearny Financial's price. Additionally, you may evaluate how the addition of Kearny Financial to your portfolios can decrease your overall portfolio volatility.