LEV Stock | | | CAD 0.28 0.01 3.70% |
Lion Electric financial indicator trend analysis is infinitely more than just investigating Lion Electric Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lion Electric Corp is a good investment. Please check the relationship between Lion Electric Average Payables and its Ev To Sales accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. 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.
Average Payables vs Ev To Sales
Average Payables vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lion Electric Corp Average Payables account and
Ev To Sales. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lion Electric's Average Payables and Ev To Sales is 0.65. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Lion Electric Corp, assuming nothing else is changed. The correlation between historical values of Lion Electric's Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Lion Electric Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Lion Electric's Average Payables and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Most indicators from Lion Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lion Electric Corp 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 Lion Electric Corp. 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.
As of the 27th of November 2024,
Enterprise Value is likely to grow to about 1
B, while
Selling General Administrative is likely to drop about 43.9
M.
Lion Electric fundamental ratios Correlations
Click cells to compare fundamentals
Lion Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lion Electric fundamental ratios Accounts
When determining whether Lion Electric Corp is a strong investment it is important to analyze Lion Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lion Electric's
future performance.
For an informed investment choice regarding Lion Stock, refer to the following important reports: Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. 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.
You can also try the
Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Lion Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lion Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lion Electric'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.