LLOY Stock | | | 53.06 0.20 0.38% |
Lloyds Banking financial indicator trend analysis is infinitely more than just investigating Lloyds Banking Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lloyds Banking Group is a good investment. Please check the relationship between Lloyds Banking Non Currrent Assets Other and its Other Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lloyds Banking 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 board of governors.
Non Currrent Assets Other vs Other Current Assets
Non Currrent Assets Other vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lloyds Banking Group Non Currrent Assets Other account and
Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Lloyds Banking's Non Currrent Assets Other and Other Current Assets is -0.01. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Lloyds Banking Group, assuming nothing else is changed. The correlation between historical values of Lloyds Banking's Non Currrent Assets Other and Other Current Assets 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 Currrent Assets Other of Lloyds Banking Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Non Currrent Assets Other i.e., Lloyds Banking's Non Currrent Assets Other and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Lloyds Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lloyds Banking 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 Lloyds Banking 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 board of governors.
Selling General Administrative is likely to drop to about 226.6
M in 2024.
Tax Provision is likely to drop to about 1.4
B in 2024
Lloyds Banking fundamental ratios Correlations
Click cells to compare fundamentals
Lloyds Banking Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lloyds Banking fundamental ratios Accounts
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Additional Tools for Lloyds Stock Analysis
When running Lloyds Banking's price analysis, check to
measure Lloyds Banking'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 Lloyds Banking is operating at the current time. Most of Lloyds Banking's value examination focuses on studying past and present price action to
predict the probability of Lloyds Banking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lloyds Banking's price. Additionally, you may evaluate how the addition of Lloyds Banking to your portfolios can decrease your overall portfolio volatility.