LYTS Stock | | | USD 20.44 0.16 0.79% |
LSI Industries financial indicator trend analysis is infinitely more than just investigating LSI Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LSI Industries is a good investment. Please check the relationship between LSI Industries Total Permanent Equity and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LSI Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy LSI Stock please use our
How to Invest in LSI Industries guide.
Total Permanent Equity vs Total Assets
Total Permanent Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LSI Industries Total Permanent Equity account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between LSI Industries' Total Permanent Equity and Total Assets is 0.71. Overlapping area represents the amount of variation of Total Permanent Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of LSI Industries, assuming nothing else is changed. The correlation between historical values of LSI Industries' Total Permanent Equity and Total 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 Total Permanent Equity of LSI Industries are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Permanent Equity i.e., LSI Industries' Total Permanent Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Permanent Equity
Total Assets
Total assets refers to the total amount of LSI Industries assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in LSI Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from LSI Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LSI Industries 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 LSI Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy LSI Stock please use our
How to Invest in LSI Industries guide.
Tax Provision is likely to gain to about 8.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 55.9
M in 2024.
LSI Industries fundamental ratios Correlations
Click cells to compare fundamentals
LSI Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LSI Industries fundamental ratios Accounts
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Additional Tools for LSI Stock Analysis
When running LSI Industries' price analysis, check to
measure LSI Industries' 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 LSI Industries is operating at the current time. Most of LSI Industries' value examination focuses on studying past and present price action to
predict the probability of LSI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LSI Industries' price. Additionally, you may evaluate how the addition of LSI Industries to your portfolios can decrease your overall portfolio volatility.