Limoneira Income Quality from 2010 to 2024
| LMNR Stock | USD 27.90 0.57 2.09% |
Income Quality | First Reported 2010-12-31 | Previous Quarter (2.00) | Current Value (1.90) | Quarterly Volatility 8.36770635 |
Check Limoneira financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Limoneira's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.7 M, Interest Expense of 539.7 K or Selling General Administrative of 16.4 M, as well as many indicators such as Price To Sales Ratio of 3.11, Dividend Yield of 0.0113 or PTB Ratio of 2.72. Limoneira financial statements analysis is a perfect complement when working with Limoneira Valuation or Volatility modules.
Limoneira | Income Quality |
Latest Limoneira's Income Quality Growth Pattern
Below is the plot of the Income Quality of Limoneira Co over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Limoneira's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Limoneira's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Limoneira Income Quality Regression Statistics
| Arithmetic Mean | (1.68) | |
| Geometric Mean | 1.72 | |
| Coefficient Of Variation | (497.04) | |
| Mean Deviation | 4.13 | |
| Median | 0.91 | |
| Standard Deviation | 8.37 | |
| Sample Variance | 70.02 | |
| Range | 34.109 | |
| R-Value | (0.41) | |
| Mean Square Error | 62.77 | |
| R-Squared | 0.17 | |
| Significance | 0.13 | |
| Slope | (0.77) | |
| Total Sum of Squares | 980.26 |
Limoneira Income Quality History
About Limoneira Financial Statements
Limoneira shareholders use historical fundamental indicators, such as Income Quality, to determine how well the company is positioned to perform in the future. Although Limoneira investors may analyze each financial statement separately, they are all interrelated. The changes in Limoneira's assets and liabilities, for example, are also reflected in the revenues and expenses on on Limoneira's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | (2.00) | (1.90) |
Pair Trading with Limoneira
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 Limoneira 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 Limoneira will appreciate offsetting losses from the drop in the long position's value.Moving together with Limoneira Stock
Moving against Limoneira Stock
| 0.73 | FARM | Farmer Bros | PairCorr |
| 0.66 | EDBL | Edible Garden AG | PairCorr |
| 0.64 | DDC | DDC Enterprise | PairCorr |
| 0.5 | FMX | Fomento Economico | PairCorr |
| 0.48 | WEST | Westrock Coffee | PairCorr |
The ability to find closely correlated positions to Limoneira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Limoneira 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 Limoneira - 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 Limoneira Co to buy it.
The correlation of Limoneira 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 Limoneira moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Limoneira 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 Limoneira 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.Additional Tools for Limoneira Stock Analysis
When running Limoneira's price analysis, check to measure Limoneira'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 Limoneira is operating at the current time. Most of Limoneira's value examination focuses on studying past and present price action to predict the probability of Limoneira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Limoneira's price. Additionally, you may evaluate how the addition of Limoneira to your portfolios can decrease your overall portfolio volatility.