LYFT Stock | | | USD 17.89 1.10 6.55% |
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 Pocfratio and its Ptb 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.
Pocfratio vs Ptb Ratio
Pocfratio vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LYFT Inc Pocfratio account and
Ptb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between LYFT's Pocfratio and Ptb Ratio is 0.27. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Ptb 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 Pocfratio and Ptb 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 Pocfratio of LYFT Inc are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Pocfratio i.e., LYFT's Pocfratio and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Pocfratio
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
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.
LYFT fundamental ratios Correlations
Click cells to compare fundamentals
LYFT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LYFT fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for LYFT Stock Analysis
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.