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 Price To Sales Ratio and its Interest Coverage 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.
Price To Sales Ratio vs Interest Coverage
Price To Sales Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LYFT Inc Price To Sales Ratio account and
Interest Coverage. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between LYFT's Price To Sales Ratio and Interest Coverage is -0.4. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Interest Coverage 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 Price To Sales Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of LYFT Inc are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Price To Sales Ratio i.e., LYFT's Price To Sales Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing LYFT Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on LYFT sales, a figure that is much harder to manipulate than other LYFT Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Interest Coverage
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
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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.