LENSAR Total Current Liabilities vs Common Stock Total Equity Analysis
LNSR Stock | USD 7.70 0.15 1.99% |
LENSAR financial indicator trend analysis is infinitely more than just investigating LENSAR Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LENSAR Inc is a good investment. Please check the relationship between LENSAR Total Current Liabilities and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LENSAR 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 state.
Total Current Liabilities vs Common Stock Total Equity
Total Current Liabilities vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LENSAR Inc Total Current Liabilities account and Common Stock Total Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between LENSAR's Total Current Liabilities and Common Stock Total Equity is 0.82. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of LENSAR Inc, assuming nothing else is changed. The correlation between historical values of LENSAR's Total Current Liabilities and Common Stock Total Equity 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 Current Liabilities of LENSAR Inc are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Current Liabilities i.e., LENSAR's Total Current Liabilities and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on LENSAR balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of LENSAR Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from LENSAR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LENSAR 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 LENSAR 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 state. As of 12/04/2024, Selling General Administrative is likely to drop to about 26.2 M. In addition to that, Issuance Of Capital Stock is likely to drop to about 9.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 17.8M | 20.0M | 21.1M | 19.0M | Total Revenue | 34.5M | 35.4M | 42.2M | 37.2M |
LENSAR fundamental ratios Correlations
Click cells to compare fundamentals
LENSAR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LENSAR fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 697K | 4.6M | 4.1M | 4.2M | 5.2M | 3.8M | |
Total Current Liabilities | 7.8M | 8.5M | 8.7M | 11.4M | 11.6M | 10.2M | |
Other Liab | 310K | 129K | 69K | 167K | 150.3K | 184.6K | |
Net Tangible Assets | (43.9M) | 55.1M | 44.0M | 29.9M | 34.3M | 36.1M | |
Retained Earnings | (38.2M) | (58.0M) | (77.6M) | (97.5M) | (111.9M) | (106.3M) | |
Accounts Payable | 1.6M | 2.5M | 2.7M | 5.4M | 4.0M | 3.2M | |
Other Assets | 983K | 7.8M | 3.3M | 497K | 1.0 | 0.95 | |
Net Receivables | 3.9M | 2.5M | 5.0M | 6.2M | 4.3M | 4.7M | |
Inventory | 8.1M | 13.5M | 6.5M | 11.7M | 15.7M | 10.9M | |
Total Current Assets | 17.2M | 58.4M | 44.8M | 33.7M | 46.4M | 38.9M | |
Common Stock | 11K | 109K | 110K | 111K | 113K | 100.8K | |
Property Plant Equipment | 3.0M | 8.1M | 7.4M | 9.5M | 10.9M | 7.0M |
Pair Trading with LENSAR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LENSAR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LENSAR will appreciate offsetting losses from the drop in the long position's value.Moving together with LENSAR Stock
Moving against LENSAR Stock
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0.77 | VERO | Venus Concept | PairCorr |
0.76 | FLGT | Fulgent Genetics | PairCorr |
0.69 | ELAB | Elevai Labs, Common | PairCorr |
0.67 | EDAP | EDAP TMS SA | PairCorr |
The ability to find closely correlated positions to LENSAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LENSAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LENSAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LENSAR Inc to buy it.
The correlation of LENSAR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LENSAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LENSAR Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LENSAR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for LENSAR Stock Analysis
When running LENSAR's price analysis, check to measure LENSAR'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 LENSAR is operating at the current time. Most of LENSAR's value examination focuses on studying past and present price action to predict the probability of LENSAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LENSAR's price. Additionally, you may evaluate how the addition of LENSAR to your portfolios can decrease your overall portfolio volatility.