Kornit Good Will vs Cash And Short Term Investments Analysis
KRNT Stock | USD 14.67 0.13 0.88% |
Kornit Digital financial indicator trend analysis is infinitely more than just investigating Kornit Digital recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kornit Digital is a good investment. Please check the relationship between Kornit Digital Good Will 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 Kornit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.
Good Will vs Cash And Short Term Investments
Good Will 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 Kornit Digital Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kornit Digital's Good Will and Cash And Short Term Investments is 0.77. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Kornit Digital, assuming nothing else is changed. The correlation between historical values of Kornit Digital's Good Will 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 Good Will of Kornit Digital 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 Good Will i.e., Kornit Digital's Good Will and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Kornit Digital balance sheet. This account contains Kornit Digital investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Kornit Digital 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 Kornit Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kornit Digital 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 Kornit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.At this time, Kornit Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (15.09) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 286K | 13.4M | 15.4M | 16.2M | Depreciation And Amortization | 7.0M | 13.6M | 14.7M | 15.4M |
Kornit Digital fundamental ratios Correlations
Click cells to compare fundamentals
Kornit Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kornit Digital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 39.3M | 42.3M | 48.6M | 49.8M | 49.2M | 39.5M | |
Total Assets | 407.3M | 629.0M | 1.0B | 957.7M | 865.6M | 462.5M | |
Other Current Liab | 17.4M | 26.6M | 40.0M | 39.8M | 35.9M | 21.4M | |
Total Current Liabilities | 47.5M | 89.6M | 98.1M | 65.4M | 50.1M | 48.8M | |
Total Stockholder Equity | 338.3M | 519.0M | 919.6M | 868.8M | 795.7M | 401.4M | |
Other Liab | 2.4M | 1.7M | 2.7M | 2.4M | 2.8M | 2.4M | |
Net Tangible Assets | 330.2M | 495.3M | 884.0M | 829.8M | 954.2M | 1.0B | |
Property Plant And Equipment Net | 40.3M | 50.3M | 70.2M | 87.6M | 74.7M | 78.4M | |
Current Deferred Revenue | 2.7M | 27.0M | 5.4M | 5.7M | 2.2M | 2.1M | |
Net Debt | (17.6M) | (103.1M) | (584.6M) | (78.6M) | (16.0M) | (16.8M) | |
Retained Earnings | 32.7M | 28.0M | 43.5M | (35.6M) | (99.9M) | (94.9M) | |
Accounts Payable | 23.4M | 32.0M | 47.6M | 14.8M | 6.9M | 6.6M | |
Cash | 40.7M | 125.8M | 611.6M | 104.6M | 39.6M | 37.6M | |
Non Current Assets Total | 154.1M | 151.5M | 265.7M | 378.8M | 343.2M | 360.4M | |
Non Currrent Assets Other | 657K | 732K | 1.2M | 6.2M | 8.5M | 8.9M | |
Other Assets | 8.4M | 5.8M | 10.8M | 6.2M | 1.0 | 0.95 | |
Cash And Short Term Investments | 168.3M | 364.3M | 648.8M | 400.0M | 332.5M | 212.3M | |
Net Receivables | 40.5M | 51.6M | 49.8M | 67.4M | 93.6M | 98.3M | |
Good Will | 5.6M | 16.5M | 25.4M | 29.2M | 33.5M | 35.2M | |
Short Term Investments | 127.6M | 238.5M | 37.3M | 295.4M | 292.9M | 307.5M | |
Liabilities And Stockholders Equity | 407.3M | 629.0M | 1.0B | 957.7M | 865.6M | 462.5M | |
Non Current Liabilities Total | 21.6M | 20.3M | 24.6M | 23.5M | 19.8M | 12.3M | |
Inventory | 37.5M | 52.5M | 63.0M | 89.4M | 67.7M | 43.9M | |
Other Current Assets | 7.0M | 9.2M | 14.9M | 22.1M | 28.5M | 30.0M | |
Other Stockholder Equity | 304.6M | 488.2M | 875.4M | 921.7M | 902.7M | 947.8M | |
Total Liab | 69.0M | 110.0M | 122.7M | 88.8M | 69.9M | 61.1M | |
Long Term Investments | 95.4M | 71.6M | 149.3M | 246.0M | 223.2M | 234.4M | |
Property Plant And Equipment Gross | 40.3M | 50.3M | 70.2M | 87.6M | 123.3M | 129.5M | |
Total Current Assets | 253.3M | 477.5M | 776.5M | 578.8M | 522.4M | 308.0M | |
Accumulated Other Comprehensive Income | 843K | 2.7M | 571K | (17.4M) | (7.2M) | (6.8M) | |
Intangible Assets | 2.5M | 7.2M | 10.1M | 9.9M | 7.6M | 4.5M | |
Common Stock | 105K | 121K | 133K | 134K | 154.1K | 103.2K | |
Property Plant Equipment | 40.3M | 50.3M | 70.2M | 87.6M | 100.7M | 105.8M | |
Non Current Liabilities Other | 1.3M | 443K | 1.2M | 1.2M | 198K | 188.1K | |
Net Invested Capital | 338.3M | 519.0M | 919.6M | 868.8M | 795.7M | 592.6M | |
Net Working Capital | 207.7M | 387.9M | 678.5M | 513.5M | 472.3M | 382.1M |
Pair Trading with Kornit Digital
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 Kornit Digital 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 Kornit Digital will appreciate offsetting losses from the drop in the long position's value.Moving against Kornit Stock
0.82 | FLS | Flowserve | PairCorr |
0.76 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
0.75 | ETN | Eaton PLC Sell-off Trend | PairCorr |
0.74 | CR | Crane Company | PairCorr |
0.65 | DOV | Dover | PairCorr |
The ability to find closely correlated positions to Kornit Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kornit Digital 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 Kornit Digital - 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 Kornit Digital to buy it.
The correlation of Kornit Digital 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 Kornit Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kornit Digital 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 Kornit Digital 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 Kornit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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Is Kornit Digital's industry 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 Kornit Digital. If investors know Kornit 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 Kornit Digital 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 (0.84) | Earnings Share (1.21) | Revenue Per Share 4.441 | Quarterly Revenue Growth (0.08) | Return On Assets (0.04) |
The market value of Kornit Digital is measured differently than its book value, which is the value of Kornit that is recorded on the company's balance sheet. Investors also form their own opinion of Kornit Digital's value that differs from its market value or its book value, called intrinsic value, which is Kornit Digital'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 Kornit Digital's market value can be influenced by many factors that don't directly affect Kornit Digital'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 Kornit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kornit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kornit Digital'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.