0HVP Stock | | | 6.82 0.29 4.08% |
Lumen Technologies financial indicator trend analysis is infinitely more than just investigating Lumen Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumen Technologies is a good investment. Please check the relationship between Lumen Technologies Depreciation and its Other Non Cash Items accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lumen Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Lumen Stock please use our
How to Invest in Lumen Technologies guide.
Depreciation vs Other Non Cash Items
Depreciation vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lumen Technologies Depreciation account and
Other Non Cash Items. At this time, the significance of the direction appears to have weak relationship.
The correlation between Lumen Technologies' Depreciation and Other Non Cash Items is 0.3. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Lumen Technologies, assuming nothing else is changed. The correlation between historical values of Lumen Technologies' Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Lumen Technologies are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Lumen Technologies' Depreciation and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Lumen Technologies value has been used up. For tax purposes Lumen Technologies can deduct the cost of the tangible assets it purchases as business expenses. However, Lumen Technologies must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Other Non Cash Items
Most indicators from Lumen Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumen Technologies 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lumen Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Lumen Stock please use our
How to Invest in Lumen Technologies guide.
Selling General Administrative is likely to drop to about 2.7
B in 2024.
Tax Provision is likely to drop to about 368.7
M in 2024
Lumen Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Lumen Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumen Technologies fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Lumen Stock Analysis
When running Lumen Technologies' price analysis, check to
measure Lumen Technologies' 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 Lumen Technologies is operating at the current time. Most of Lumen Technologies' value examination focuses on studying past and present price action to
predict the probability of Lumen Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumen Technologies' price. Additionally, you may evaluate how the addition of Lumen Technologies to your portfolios can decrease your overall portfolio volatility.