| LUCK Stock | | | CAD 64.00 1.00 1.54% |
Real Luck financial indicator trend analysis is much more than just breaking down Real Luck Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Real Luck Group is a good investment. Please check the relationship between Real Luck Capital Lease Obligations and its Other Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Real Luck 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 industry.
Capital Lease Obligations vs Other Assets
Capital Lease Obligations vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Real Luck Group Capital Lease Obligations account and
Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Real Luck's Capital Lease Obligations and Other Assets is -0.2. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Other Assets in the same time period over historical financial statements of Real Luck Group, assuming nothing else is changed. The correlation between historical values of Real Luck's Capital Lease Obligations and Other 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 Capital Lease Obligations of Real Luck Group are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Capital Lease Obligations i.e., Real Luck's Capital Lease Obligations and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Lease Obligations
Real Luck Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Real Luck asset purchases. For example, Real Luck can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Real Luck control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Other Assets
Most indicators from Real Luck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Real Luck 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 Real Luck 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 industry.
Tax Provision is likely to drop to 5,078 in 2024.
Selling General Administrative is likely to drop to about 8.5
M in 2024
Real Luck fundamental ratios Correlations
Click cells to compare fundamentals
Real Luck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Real Luck fundamental ratios Accounts
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Additional Tools for Real Stock Analysis
When running Real Luck's price analysis, check to
measure Real Luck'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 Real Luck is operating at the current time. Most of Real Luck's value examination focuses on studying past and present price action to
predict the probability of Real Luck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Real Luck's price. Additionally, you may evaluate how the addition of Real Luck to your portfolios can decrease your overall portfolio volatility.