Luminar Financial Statements From 2010 to 2025
| LAZR Stock | USD 6.42 1.37 27.13% |
Check Luminar Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Luminar Technologies' main balance sheet or income statement drivers, such as , as well as many indicators such as . Luminar financial statements analysis is a perfect complement when working with Luminar Technologies Valuation or Volatility modules.
Luminar |
Luminar Technologies Company Return On Asset Analysis
Luminar Technologies' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Luminar Technologies Return On Asset | -0.63 |
Most of Luminar Technologies' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Luminar Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Luminar Technologies has a Return On Asset of -0.6299. This is 157.79% lower than that of the Automobile Components sector and 180.76% lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is notably higher than that of the company.
Luminar Technologies Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Luminar Technologies's current stock value. Our valuation model uses many indicators to compare Luminar Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Luminar Technologies competition to find correlations between indicators driving Luminar Technologies's intrinsic value. More Info.Luminar Technologies is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Luminar Technologies by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Luminar Technologies Financial Statements
Luminar Technologies shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Luminar Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Luminar Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Luminar Technologies' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. The company was founded in 2012 and is headquartered in Orlando, Florida. Luminar Technologies operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 500 people.
Pair Trading with Luminar Technologies
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 Luminar Technologies 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 Luminar Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Luminar Stock
| 0.73 | QS | Quantumscape Corp Aggressive Push | PairCorr |
Moving against Luminar Stock
| 0.49 | LI | Li Auto Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Luminar Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luminar Technologies 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 Luminar Technologies - 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 Luminar Technologies to buy it.
The correlation of Luminar Technologies 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 Luminar Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luminar Technologies 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 Luminar Technologies 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 Luminar Stock Analysis
When running Luminar Technologies' price analysis, check to measure Luminar Technologies' 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 Luminar Technologies is operating at the current time. Most of Luminar Technologies' value examination focuses on studying past and present price action to predict the probability of Luminar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luminar Technologies' price. Additionally, you may evaluate how the addition of Luminar Technologies to your portfolios can decrease your overall portfolio volatility.