LPS Stock | | | CAD 0.20 0.01 4.76% |
Legend Power financial indicator trend analysis is infinitely more than just investigating Legend Power Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legend Power Systems is a good investment. Please check the relationship between Legend Power Capex To Depreciation and its Ev To Sales accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legend Power Systems. 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.
Capex To Depreciation vs Ev To Sales
Capex To Depreciation vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Legend Power Systems Capex To Depreciation account and
Ev To Sales. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Legend Power's Capex To Depreciation and Ev To Sales is 0.11. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Legend Power Systems, assuming nothing else is changed. The correlation between historical values of Legend Power's Capex To Depreciation and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Legend Power Systems are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Capex To Depreciation i.e., Legend Power's Capex To Depreciation and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Most indicators from Legend Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Legend Power Systems 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 Legend Power Systems. 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.
Issuance Of Capital Stock is likely to climb to about 3.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 3.3
M in 2024.
Legend Power fundamental ratios Correlations
Click cells to compare fundamentals
Legend Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Legend Power fundamental ratios Accounts
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Additional Tools for Legend Stock Analysis
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measure Legend Power'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 Legend Power is operating at the current time. Most of Legend Power's value examination focuses on studying past and present price action to
predict the probability of Legend Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legend Power's price. Additionally, you may evaluate how the addition of Legend Power to your portfolios can decrease your overall portfolio volatility.