LYFT Stock | | | USD 17.36 0.18 1.05% |
LYFT financial indicator trend analysis is infinitely more than just investigating LYFT Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LYFT Inc is a good investment. Please check the relationship between LYFT Days Payables Outstanding and its Pb Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LYFT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LYFT Inc Days Payables Outstanding account and
Pb Ratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between LYFT's Days Payables Outstanding and Pb Ratio is 0.65. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of LYFT Inc, assuming nothing else is changed. The correlation between historical values of LYFT's Days Payables Outstanding and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Payables Outstanding of LYFT Inc are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Days Payables Outstanding i.e., LYFT's Days Payables Outstanding and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from LYFT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LYFT Inc 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 LYFT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, LYFT's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.33 in 2024, whereas
Selling General Administrative is likely to drop slightly above 829.7
M in 2024.
When running LYFT's price analysis, check to
measure LYFT'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 LYFT is operating at the current time. Most of LYFT's value examination focuses on studying past and present price action to
predict the probability of LYFT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LYFT's price. Additionally, you may evaluate how the addition of LYFT to your portfolios can decrease your overall portfolio volatility.