LKQ Corp Current Valuation vs. Total Asset
| LKQ1 Stock | 35.00 0.20 0.57% |
For LKQ Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of LKQ Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well LKQ Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between LKQ Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of LKQ Corp over time as well as its relative position and ranking within its peers.
LKQ |
LKQ Corp Total Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining LKQ Corp's current stock value. Our valuation model uses many indicators to compare LKQ Corp value to that of its competitors to determine the firm's financial worth. LKQ Corp is considered the number one company in current valuation category among its peers. It also is currently regarded as number one stock in total asset category among its peers fabricating about 0.71 of Total Asset per Current Valuation. The ratio of Current Valuation to Total Asset for LKQ Corp is roughly 1.40 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the LKQ Corp's earnings, one of the primary drivers of an investment's value.LKQ Total Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
LKQ Corp |
| = | 16.88 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
LKQ Corp |
| = | 12.04 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
LKQ Total Asset Comparison
LKQ Corp is currently under evaluation in total asset category among its peers.
LKQ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on LKQ Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of LKQ Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the LKQ Corp's important profitability drivers and their relationship over time.
Use LKQ Corp in pair-trading
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 Corp 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 Corp will appreciate offsetting losses from the drop in the long position's value.LKQ Corp Pair Trading
LKQ Corp Pair Trading Analysis
The ability to find closely correlated positions to LKQ Corp 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 Corp 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 Corp - 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 Corp to buy it.
The correlation of LKQ Corp 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LKQ Corp 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 Corp 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.Use Investing Themes to Complement your LKQ Corp position
In addition to having LKQ Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Broad Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 51 constituents at this time.
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Additional Tools for LKQ Stock Analysis
When running LKQ Corp's price analysis, check to measure LKQ Corp'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 Corp is operating at the current time. Most of LKQ Corp's value examination focuses on studying past and present price action to predict the probability of LKQ Corp'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 Corp's price. Additionally, you may evaluate how the addition of LKQ Corp to your portfolios can decrease your overall portfolio volatility.