Knightscope Total Assets vs Cash And Short Term Investments Analysis
| KSCP Stock | USD 24.60 0.78 3.27% |
Knightscope financial indicator trend analysis is infinitely more than just investigating Knightscope recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Knightscope is a good investment. Please check the relationship between Knightscope Total Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knightscope. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Knightscope Stock, please use our How to Invest in Knightscope guide.
Total Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knightscope Total Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Knightscope's Total Assets and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Knightscope, assuming nothing else is changed. The correlation between historical values of Knightscope's Total Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Knightscope are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Knightscope's Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Knightscope 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 Knightscope 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Knightscope balance sheet. This account contains Knightscope investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Knightscope fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Knightscope's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Knightscope 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 Knightscope. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Knightscope Stock, please use our How to Invest in Knightscope guide.Tax Provision is expected to grow at the current pace this year, while Selling General Administrative is likely to drop slightly above 7.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 22.5M | 28.6M | 23.8M | 21.3M | Cost Of Revenue | 5.5M | 9.0M | 15.1M | 8.5M |
Knightscope fundamental ratios Correlations
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Knightscope Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Knightscope
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 Knightscope 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 Knightscope will appreciate offsetting losses from the drop in the long position's value.Moving against Knightscope Stock
The ability to find closely correlated positions to Knightscope could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knightscope 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 Knightscope - 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 Knightscope to buy it.
The correlation of Knightscope 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 Knightscope moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knightscope 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 Knightscope 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.Additional Tools for Knightscope Stock Analysis
When running Knightscope's price analysis, check to measure Knightscope'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 Knightscope is operating at the current time. Most of Knightscope's value examination focuses on studying past and present price action to predict the probability of Knightscope's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knightscope's price. Additionally, you may evaluate how the addition of Knightscope to your portfolios can decrease your overall portfolio volatility.