LiCycle Book Value Per Share vs Pocfratio Analysis
LICY Stock | USD 2.08 0.03 1.42% |
LiCycle Holdings financial indicator trend analysis is infinitely more than just investigating LiCycle Holdings Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LiCycle Holdings Corp is a good investment. Please check the relationship between LiCycle Holdings Book Value Per Share and its Pocfratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LiCycle Holdings 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 main economic indicators.
Book Value Per Share vs Pocfratio
Book Value Per Share vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LiCycle Holdings Corp Book Value Per Share account and Pocfratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between LiCycle Holdings' Book Value Per Share and Pocfratio is 0.23. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Pocfratio in the same time period over historical financial statements of LiCycle Holdings Corp, assuming nothing else is changed. The correlation between historical values of LiCycle Holdings' Book Value Per Share and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of LiCycle Holdings Corp are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Book Value Per Share i.e., LiCycle Holdings' Book Value Per Share and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Pocfratio
Most indicators from LiCycle Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LiCycle Holdings 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 LiCycle Holdings 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 main economic indicators. At this time, LiCycle Holdings' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 105 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 2.9M | 10.1M | 8.9M | 5.1M | Cost Of Revenue | 3.1M | 16.6M | 83.9M | 88.1M |
LiCycle Holdings fundamental ratios Correlations
Click cells to compare fundamentals
LiCycle Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running LiCycle Holdings' price analysis, check to measure LiCycle Holdings' 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 LiCycle Holdings is operating at the current time. Most of LiCycle Holdings' value examination focuses on studying past and present price action to predict the probability of LiCycle Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LiCycle Holdings' price. Additionally, you may evaluate how the addition of LiCycle Holdings to your portfolios can decrease your overall portfolio volatility.