LKQ Good Will from 2010 to 2025

LKQ Stock  USD 40.98  0.57  1.37%   
LKQ Good Will yearly trend continues to be relatively stable with very little volatility. Good Will is likely to grow to about 6.8 B this year. Good Will is an intangible asset that arises when LKQ Corporation 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. View All Fundamentals
 
Good Will  
First Reported
2001-12-31
Previous Quarter
5.6 B
Current Value
5.4 B
Quarterly Volatility
5.4 B
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check LKQ financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among LKQ's main balance sheet or income statement drivers, such as Interest Expense of 153.6 M, Total Revenue of 15.1 B or Gross Profit of 5.9 B, as well as many indicators such as Price To Sales Ratio of 0.64, Dividend Yield of 0.0345 or PTB Ratio of 1.94. LKQ financial statements analysis is a perfect complement when working with LKQ Valuation or Volatility modules.
  
Check out the analysis of LKQ Correlation against competitors.

Latest LKQ's Good Will Growth Pattern

Below is the plot of the Good Will of LKQ Corporation over the last few years. It is 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. LKQ's Good Will historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in LKQ's overall financial position and show how it may be relating to other accounts over time.
Good Will10 Years Trend
Slightly volatile
   Good Will   
       Timeline  

LKQ Good Will Regression Statistics

Arithmetic Mean3,533,674,248
Geometric Mean2,763,318,329
Coefficient Of Variation50.72
Mean Deviation1,481,746,842
Median4,319,000,000
Standard Deviation1,792,139,723
Sample Variance3211764.8T
Range6.7B
R-Value0.97
Mean Square Error187949.5T
R-Squared0.95
Slope366,000,555
Total Sum of Squares48176471.8T

LKQ Good Will History

20256.8 B
20245.4 B
20235.6 B
20224.3 B
20214.5 B
20204.6 B
20194.4 B

About LKQ Financial Statements

LKQ shareholders use historical fundamental indicators, such as Good Will, to determine how well the company is positioned to perform in the future. Although LKQ investors may analyze each financial statement separately, they are all interrelated. The changes in LKQ's assets and liabilities, for example, are also reflected in the revenues and expenses on on LKQ's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Good Will5.4 B6.8 B

Pair Trading with LKQ

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 LKQ 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 LKQ will appreciate offsetting losses from the drop in the long position's value.

Moving against LKQ Stock

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The ability to find closely correlated positions to LKQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LKQ 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 LKQ - 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 LKQ Corporation to buy it.
The correlation of LKQ 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 LKQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LKQ Corporation 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 LKQ 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.
Pair CorrelationCorrelation Matching

Additional Tools for LKQ Stock Analysis

When running LKQ's price analysis, check to measure LKQ'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 LKQ is operating at the current time. Most of LKQ's value examination focuses on studying past and present price action to predict the probability of LKQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LKQ's price. Additionally, you may evaluate how the addition of LKQ to your portfolios can decrease your overall portfolio volatility.