Logility Short Term Investments vs Total Assets Analysis
LGTY Stock | 10.43 0.09 0.87% |
Logility financial indicator trend analysis is infinitely more than just investigating Logility recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Logility is a good investment. Please check the relationship between Logility Short Term Investments and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Logility. 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. For more information on how to buy Logility Stock please use our How to Invest in Logility guide.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Logility Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Logility's Short Term Investments and Total Assets is 0.83. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Logility, assuming nothing else is changed. The correlation between historical values of Logility's Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Logility are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Logility's Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Logility balance sheet. It contains any investments Logility undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Logility can easily liquidate in the marketplace.Total Assets
Total assets refers to the total amount of Logility assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Logility books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Logility's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Logility 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 Logility. 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. For more information on how to buy Logility Stock please use our How to Invest in Logility guide.Selling General Administrative is likely to rise to about 46.4 M in 2024, whereas Tax Provision is likely to drop slightly above 1.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 391K | 2.2M | 3.8M | 4.0M | Tax Provision | 562K | 2.2M | 1.9M | 1.5M |
Logility fundamental ratios Correlations
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Logility Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Logility's price analysis, check to measure Logility'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 Logility is operating at the current time. Most of Logility's value examination focuses on studying past and present price action to predict the probability of Logility's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Logility's price. Additionally, you may evaluate how the addition of Logility to your portfolios can decrease your overall portfolio volatility.