| LXFR Stock | | | USD 14.02 0.15 1.06% |
Luxfer Holdings financial indicator trend analysis is infinitely more than just investigating Luxfer Holdings PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luxfer Holdings PLC is a good investment. Please check the relationship between Luxfer Holdings Depreciation and its Net Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luxfer Holdings PLC. 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.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luxfer Holdings PLC Depreciation account and
Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Luxfer Holdings' Depreciation and Net Income is 0.19. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Luxfer Holdings PLC, assuming nothing else is changed. The correlation between historical values of Luxfer Holdings' Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Luxfer Holdings PLC are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Luxfer Holdings' Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.19 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Luxfer Holdings PLC value has been used up. For tax purposes Luxfer Holdings can deduct the cost of the tangible assets it purchases as business expenses. However, Luxfer Holdings PLC must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Luxfer Holdings PLC financial statement analysis. It represents the amount of money remaining after all of Luxfer Holdings PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Luxfer Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luxfer Holdings PLC 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 Luxfer Holdings PLC. 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, Luxfer Holdings'
Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024,
Enterprise Value is likely to grow to about 349.3
M, while
Tax Provision is likely to drop slightly above 665
K.
Luxfer Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Luxfer Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Luxfer Holdings fundamental ratios Accounts
Pair Trading with Luxfer Holdings
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 Luxfer Holdings 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 Luxfer Holdings will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Luxfer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luxfer Holdings 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 Luxfer Holdings - 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 Luxfer Holdings PLC to buy it.
The correlation of Luxfer Holdings 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 Luxfer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luxfer Holdings PLC 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 Luxfer Holdings 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 Luxfer Stock Analysis
When running Luxfer Holdings' price analysis, check to
measure Luxfer Holdings' 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 Luxfer Holdings is operating at the current time. Most of Luxfer Holdings' value examination focuses on studying past and present price action to
predict the probability of Luxfer Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luxfer Holdings' price. Additionally, you may evaluate how the addition of Luxfer Holdings to your portfolios can decrease your overall portfolio volatility.