Lucid Non Operating Income Net Other vs Tax Provision Analysis
| LCID Stock | USD 2.18 0.01 0.46% |
Lucid financial indicator trend analysis is infinitely more than just investigating Lucid Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lucid Group is a good investment. Please check the relationship between Lucid Non Operating Income Net Other and its Tax Provision accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucid Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Non Operating Income Net Other vs Tax Provision
Non Operating Income Net Other vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lucid Group Non Operating Income Net Other account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Lucid's Non Operating Income Net Other and Tax Provision is 0.89. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Lucid Group, assuming nothing else is changed. The correlation between historical values of Lucid's Non Operating Income Net Other and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Lucid Group are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Non Operating Income Net Other i.e., Lucid's Non Operating Income Net Other and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Non Operating Income Net Other
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Lucid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lucid Group 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 Lucid Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At present, Lucid's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 30.6M | 24.9M | 14.4M | Depreciation And Amortization | 75.5M | 206.3M | 233.5M | 117.5M |
Lucid fundamental ratios Correlations
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Lucid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Lucid Group is a strong investment it is important to analyze Lucid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lucid's future performance. For an informed investment choice regarding Lucid Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucid Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Automobile Manufacturers space 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 Lucid. If investors know Lucid 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 Lucid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.33) | Revenue Per Share 0.317 | Quarterly Revenue Growth 0.452 | Return On Assets (0.22) | Return On Equity (0.65) |
The market value of Lucid Group is measured differently than its book value, which is the value of Lucid that is recorded on the company's balance sheet. Investors also form their own opinion of Lucid's value that differs from its market value or its book value, called intrinsic value, which is Lucid'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 Lucid's market value can be influenced by many factors that don't directly affect Lucid'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 Lucid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucid'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.