LEV Stock | | | USD 0.21 0.03 13.12% |
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 Capital Surpluse and its Total Stockholder Equity 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 income.
Capital Surpluse vs Total Stockholder Equity
Capital Surpluse vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lion Electric Corp Capital Surpluse account and
Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Lion Electric's Capital Surpluse and Total Stockholder Equity is 0.88. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Total Stockholder Equity 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 Capital Surpluse and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Lion Electric Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Capital Surpluse i.e., Lion Electric's Capital Surpluse and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Surpluse
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 income.
Enterprise Value is likely to climb to about 1
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 44.6
M in 2024.
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
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Lion Stock Analysis
When running Lion Electric's price analysis, check to
measure Lion Electric'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 Lion Electric is operating at the current time. Most of Lion Electric's value examination focuses on studying past and present price action to
predict the probability of Lion Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lion Electric's price. Additionally, you may evaluate how the addition of Lion Electric to your portfolios can decrease your overall portfolio volatility.