LCUT Stock | | | USD 10.63 0.01 0.09% |
Lifetime Brands financial indicator trend analysis is infinitely more than just investigating Lifetime Brands recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lifetime Brands is a good investment. Please check the relationship between Lifetime Brands Operating Income and its Other Operating Expenses accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifetime Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Lifetime Stock please use our
How to Invest in Lifetime Brands guide.
Operating Income vs Other Operating Expenses
Operating Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lifetime Brands Operating Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lifetime Brands' Operating Income and Other Operating Expenses is 0.68. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Lifetime Brands, assuming nothing else is changed. The correlation between historical values of Lifetime Brands' Operating Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Lifetime Brands are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., Lifetime Brands' Operating Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Lifetime Brands operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Lifetime Brands is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lifetime Brands. It is also known as Lifetime Brands overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Lifetime Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lifetime Brands 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 Lifetime Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Lifetime Stock please use our
How to Invest in Lifetime Brands guide.At this time, Lifetime Brands'
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas
Selling General Administrative is likely to drop slightly above 117.2
M in 2024.
Lifetime Brands fundamental ratios Correlations
Click cells to compare fundamentals
Lifetime Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lifetime Brands fundamental ratios Accounts
Pair Trading with Lifetime Brands
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 Lifetime Brands 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 Lifetime Brands will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Lifetime Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lifetime Brands 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 Lifetime Brands - 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 Lifetime Brands to buy it.
The correlation of Lifetime Brands 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 Lifetime Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lifetime Brands 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 Lifetime Brands 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.
Pair CorrelationCorrelation MatchingAdditional Tools for Lifetime Stock Analysis
When running Lifetime Brands' price analysis, check to
measure Lifetime Brands' 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 Lifetime Brands is operating at the current time. Most of Lifetime Brands' value examination focuses on studying past and present price action to
predict the probability of Lifetime Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lifetime Brands' price. Additionally, you may evaluate how the addition of Lifetime Brands to your portfolios can decrease your overall portfolio volatility.