LYTS Stock | | | USD 20.28 0.31 1.51% |
LSI Industries financial indicator trend analysis is infinitely more than just investigating LSI Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LSI Industries is a good investment. Please check the relationship between LSI Industries Total Other Income Expense Net and its Net Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LSI Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy LSI Stock please use our
How to Invest in LSI Industries guide.
Total Other Income Expense Net vs Net Income
Total Other Income Expense Net vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LSI Industries Total Other Income Expense Net account and
Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between LSI Industries' Total Other Income Expense Net and Net Income is 0.51. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income in the same time period over historical financial statements of LSI Industries, assuming nothing else is changed. The correlation between historical values of LSI Industries' Total Other Income Expense Net 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 Total Other Income Expense Net of LSI Industries 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 Total Other Income Expense Net i.e., LSI Industries' Total Other Income Expense Net and Net Income go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Other Income Expense Net
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in LSI Industries financial statement analysis. It represents the amount of money remaining after all of LSI Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from LSI Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LSI Industries 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 LSI Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy LSI Stock please use our
How to Invest in LSI Industries guide.
Tax Provision is likely to gain to about 8.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 55.9
M in 2024.
LSI Industries fundamental ratios Correlations
Click cells to compare fundamentals
LSI Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LSI Industries fundamental ratios Accounts
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Additional Tools for LSI Stock Analysis
When running LSI Industries' price analysis, check to
measure LSI Industries' 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 LSI Industries is operating at the current time. Most of LSI Industries' value examination focuses on studying past and present price action to
predict the probability of LSI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LSI Industries' price. Additionally, you may evaluate how the addition of LSI Industries to your portfolios can decrease your overall portfolio volatility.