| LTE Stock | | | CAD 0.1 0.00 0.00% |
Lite Access financial indicator trend analysis is infinitely more than just investigating Lite Access Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lite Access Technologies is a good investment. Please check the relationship between Lite Access Cash and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lite Access Technologies. 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.
Cash vs Net Receivables
Cash vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lite Access Technologies Cash account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lite Access' Cash and Net Receivables is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Lite Access Technologies, assuming nothing else is changed. The correlation between historical values of Lite Access' Cash and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Lite Access Technologies are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., Lite Access' Cash and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.43 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Lite Access Technologies, which is listed under current asset account on Lite Access Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Lite Access customers. The amounts must be unrestricted with restricted cash listed in a different Lite Access account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Net Receivables
Most indicators from Lite Access' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lite Access Technologies 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 Lite Access Technologies. 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.
At this time, Lite Access'
Issuance Of Capital Stock is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.58 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.6
M in 2024.
Lite Access fundamental ratios Correlations
Click cells to compare fundamentals
Lite Access Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lite Access fundamental ratios Accounts
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Additional Tools for Lite Stock Analysis
When running Lite Access' price analysis, check to
measure Lite Access' 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 Lite Access is operating at the current time. Most of Lite Access' value examination focuses on studying past and present price action to
predict the probability of Lite Access' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lite Access' price. Additionally, you may evaluate how the addition of Lite Access to your portfolios can decrease your overall portfolio volatility.