Luokung Return On Tangible Assets from 2010 to 2024
| LKCO Stock | USD 1.71 0.06 3.39% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter (18.26) | Current Value (17.35) | Quarterly Volatility 6.15889369 |
Check Luokung Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Luokung Technology's main balance sheet or income statement drivers, such as Depreciation And Amortization of 22.6 M, Interest Expense of 3.7 M or Selling General Administrative of 148.1 M, as well as many indicators such as Price To Sales Ratio of 0.82, Dividend Yield of 0.005 or Days Sales Outstanding of 159. Luokung financial statements analysis is a perfect complement when working with Luokung Technology Valuation or Volatility modules.
Luokung | Return On Tangible Assets |
Latest Luokung Technology's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Luokung Technology Corp over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Luokung Technology's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Luokung Technology's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Luokung Return On Tangible Assets Regression Statistics
| Arithmetic Mean | (2.66) | |
| Coefficient Of Variation | (231.77) | |
| Mean Deviation | 4.04 | |
| Median | (0.37) | |
| Standard Deviation | 6.16 | |
| Sample Variance | 37.93 | |
| Range | 18.4792 | |
| R-Value | (0.62) | |
| Mean Square Error | 25.18 | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | (0.85) | |
| Total Sum of Squares | 531.05 |
Luokung Return On Tangible Assets History
About Luokung Technology Financial Statements
Luokung Technology investors utilize fundamental indicators, such as Return On Tangible Assets, to predict how Luokung Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (18.26) | (17.35) |
Pair Trading with Luokung Technology
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 Luokung Technology 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 Luokung Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Luokung Stock
Moving against Luokung Stock
| 0.88 | WMG | Warner Music Group | PairCorr |
| 0.78 | SE | Sea | PairCorr |
| 0.78 | EVC | Entravision Communications | PairCorr |
| 0.74 | WPP | WPP PLC ADR | PairCorr |
| 0.63 | DIS | Walt Disney | PairCorr |
The ability to find closely correlated positions to Luokung Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luokung Technology 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 Luokung Technology - 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 Luokung Technology Corp to buy it.
The correlation of Luokung Technology 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 Luokung Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luokung Technology 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 Luokung Technology 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.Check out the analysis of Luokung Technology Correlation against competitors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Interactive Media & Services 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 Luokung Technology. If investors know Luokung 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 Luokung Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (652.40) | Revenue Per Share 4.604 | Quarterly Revenue Growth (0.87) | Return On Assets (0.44) | Return On Equity (4.47) |
The market value of Luokung Technology Corp is measured differently than its book value, which is the value of Luokung that is recorded on the company's balance sheet. Investors also form their own opinion of Luokung Technology's value that differs from its market value or its book value, called intrinsic value, which is Luokung Technology'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 Luokung Technology's market value can be influenced by many factors that don't directly affect Luokung Technology'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 Luokung Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luokung Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luokung Technology'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.