Krispy Property Plant And Equipment Net vs Common Stock Analysis
| DNUT Stock | USD 10.63 0.17 1.63% |
Krispy Kreme financial indicator trend analysis is infinitely more than just investigating Krispy Kreme recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Krispy Kreme is a good investment. Please check the relationship between Krispy Kreme Property Plant And Equipment Net and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Krispy Kreme. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Krispy Stock please use our How to Invest in Krispy Kreme guide.
Property Plant And Equipment Net vs Common Stock
Property Plant And Equipment Net vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Krispy Kreme Property Plant And Equipment Net account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Krispy Kreme's Property Plant And Equipment Net and Common Stock is -0.53. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock in the same time period over historical financial statements of Krispy Kreme, assuming nothing else is changed. The correlation between historical values of Krispy Kreme's Property Plant And Equipment Net and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Krispy Kreme are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Property Plant And Equipment Net i.e., Krispy Kreme's Property Plant And Equipment Net and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Common Stock
Most indicators from Krispy Kreme's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Krispy Kreme 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Krispy Kreme. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Krispy Stock please use our How to Invest in Krispy Kreme guide.At this time, Krispy Kreme's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 40.08 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 725.8 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 41.1M | 29.0M | 37.9M | 27.0M | Other Operating Expenses | 1.4B | 1.5B | 1.6B | 1.1B |
Krispy Kreme fundamental ratios Correlations
Click cells to compare fundamentals
Krispy Kreme Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Krispy Kreme
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 Krispy Kreme 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 Krispy Kreme will appreciate offsetting losses from the drop in the long position's value.Moving against Krispy Stock
| 0.62 | EM | Smart Share Global | PairCorr |
| 0.48 | HRB | HR Block Fiscal Year End 20th of August 2024 | PairCorr |
| 0.44 | FUN | Cedar Fair LP | PairCorr |
The ability to find closely correlated positions to Krispy Kreme could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Krispy Kreme 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 Krispy Kreme - 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 Krispy Kreme to buy it.
The correlation of Krispy Kreme 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 Krispy Kreme moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Krispy Kreme 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 Krispy Kreme 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 Krispy Stock Analysis
When running Krispy Kreme's price analysis, check to measure Krispy Kreme'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 Krispy Kreme is operating at the current time. Most of Krispy Kreme's value examination focuses on studying past and present price action to predict the probability of Krispy Kreme's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Krispy Kreme's price. Additionally, you may evaluate how the addition of Krispy Kreme to your portfolios can decrease your overall portfolio volatility.