LNW Stock | | | USD 97.08 0.86 0.88% |
Light Wonder financial indicator trend analysis is infinitely more than just investigating Light Wonder recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Light Wonder is a good investment. Please check the relationship between Light Wonder Long Term Investments and its Treasury Stock accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Light Wonder. 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.
For more information on how to buy Light Stock please use our
How to Invest in Light Wonder guide.
Long Term Investments vs Treasury Stock
Long Term Investments vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Light Wonder Long Term Investments account and
Treasury Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Light Wonder's Long Term Investments and Treasury Stock is -0.62. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Light Wonder, assuming nothing else is changed. The correlation between historical values of Light Wonder's Long Term Investments and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Light Wonder are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Long Term Investments i.e., Light Wonder's Long Term Investments and Treasury Stock go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Light Wonder balance sheet that represents investments Light Wonder intends to hold for over a year. Light Wonder long term investments may include different instruments such as stocks, bonds, real estate and cash.
Treasury Stock
Most indicators from Light Wonder's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Light Wonder 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 Light Wonder. 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.
For more information on how to buy Light Stock please use our
How to Invest in Light Wonder guide.At this time, Light Wonder's
Tax Provision is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 4.7
B in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 10.14 in 2024.
Light Wonder fundamental ratios Correlations
Click cells to compare fundamentals
Light Wonder Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Light Wonder fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Light Stock Analysis
When running Light Wonder's price analysis, check to
measure Light Wonder'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 Light Wonder is operating at the current time. Most of Light Wonder's value examination focuses on studying past and present price action to
predict the probability of Light Wonder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light Wonder's price. Additionally, you may evaluate how the addition of Light Wonder to your portfolios can decrease your overall portfolio volatility.