Legato Free Cash Flow Yield vs Days Sales Outstanding Analysis
| LGTO Stock | USD 3.21 0.18 5.94% |
Legato Merger financial indicator trend analysis is infinitely more than just investigating Legato Merger II recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legato Merger II is a good investment. Please check the relationship between Legato Merger Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legato Merger II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Free Cash Flow Yield vs Days Sales Outstanding
Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Legato Merger II Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Legato Merger's Free Cash Flow Yield and Days Sales Outstanding is 0.46. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Legato Merger II, assuming nothing else is changed. The correlation between historical values of Legato Merger's Free Cash Flow Yield and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Legato Merger II are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., Legato Merger's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Days Sales Outstanding
Most indicators from Legato Merger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Legato Merger II 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 Legato Merger II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Legato Merger's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Multiple is likely to grow to 23.69, while Selling General Administrative is likely to drop about 1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.3M | 8.9M | 19.5M | 11.6M | Depreciation And Amortization | 47.5M | 45.7M | 30.5M | 31.8M |
Legato Merger fundamental ratios Correlations
Click cells to compare fundamentals
Legato Merger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Legato Merger
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 Legato Merger 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 Legato Merger will appreciate offsetting losses from the drop in the long position's value.Moving against Legato Stock
| 0.86 | AZ | A2Z Smart Technologies | PairCorr |
| 0.71 | CW | Curtiss Wright | PairCorr |
| 0.66 | R | Ryder System | PairCorr |
| 0.64 | CR | Crane Company | PairCorr |
| 0.62 | J | Jacobs Solutions | PairCorr |
The ability to find closely correlated positions to Legato Merger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legato Merger 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 Legato Merger - 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 Legato Merger II to buy it.
The correlation of Legato Merger 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 Legato Merger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legato Merger II 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 Legato Merger 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legato Merger II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Construction & Engineering 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 Legato Merger. If investors know Legato 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 Legato Merger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Legato Merger II is measured differently than its book value, which is the value of Legato that is recorded on the company's balance sheet. Investors also form their own opinion of Legato Merger's value that differs from its market value or its book value, called intrinsic value, which is Legato Merger'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 Legato Merger's market value can be influenced by many factors that don't directly affect Legato Merger'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 Legato Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legato Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legato Merger'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.