LTTS Stock | | | 5,490 31.55 0.58% |
LT Technology financial indicator trend analysis is infinitely more than just investigating LT Technology Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LT Technology Services is a good investment. Please check the relationship between LT Technology Total Stockholder Equity and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LT Technology Services. 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.
Total Stockholder Equity vs Cash
Total Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LT Technology Services Total Stockholder Equity account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between LT Technology's Total Stockholder Equity and Cash is 0.67. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of LT Technology Services, assuming nothing else is changed. The correlation between historical values of LT Technology's Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of LT Technology Services are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., LT Technology's Total Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Cash
Cash refers to the most liquid asset of LT Technology Services, which is listed under current asset account on LT Technology Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from LT Technology customers. The amounts must be unrestricted with restricted cash listed in a different LT Technology 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.
Most indicators from LT Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LT Technology Services 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 LT Technology Services. 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.
Selling General Administrative is likely to drop to about 512
M in 2024.
Tax Provision is likely to drop to about 3.1
B in 2024
LT Technology fundamental ratios Correlations
Click cells to compare fundamentals
LT Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LT Technology fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for LTTS Stock Analysis
When running LT Technology's price analysis, check to
measure LT Technology'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 LT Technology is operating at the current time. Most of LT Technology's value examination focuses on studying past and present price action to
predict the probability of LT Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LT Technology's price. Additionally, you may evaluate how the addition of LT Technology to your portfolios can decrease your overall portfolio volatility.