Lottery Net Tangible Assets vs Short Term Investments Analysis
| TLC Stock | 5.16 0.04 0.78% |
Lottery financial indicator trend analysis is infinitely more than just investigating Lottery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lottery is a good investment. Please check the relationship between Lottery Net Tangible Assets and its Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Lottery. 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.
Net Tangible Assets vs Short Term Investments
Net Tangible Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lottery Net Tangible Assets account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Lottery's Net Tangible Assets and Short Term Investments is -0.39. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Lottery, assuming nothing else is changed. The correlation between historical values of Lottery's Net Tangible Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Lottery are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Lottery's Net Tangible Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Short Term Investments
Short Term Investments is an item under the current assets section of Lottery balance sheet. It contains any investments Lottery undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Lottery can easily liquidate in the marketplace.Most indicators from Lottery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lottery 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Lottery. 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 133.7 M in 2024. Tax Provision is likely to drop to about 114.9 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6B | 2.7B | 3.1B | 3.0B | Total Revenue | 3.3B | 3.5B | 4.0B | 3.6B |
Lottery fundamental ratios Correlations
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Lottery Account Relationship Matchups
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Additional Tools for Lottery Stock Analysis
When running Lottery's price analysis, check to measure Lottery'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 Lottery is operating at the current time. Most of Lottery's value examination focuses on studying past and present price action to predict the probability of Lottery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lottery's price. Additionally, you may evaluate how the addition of Lottery to your portfolios can decrease your overall portfolio volatility.