Lion Total Stockholder Equity vs Total Current Liabilities Analysis
LEV Stock | USD 0.95 0.01 1.04% |
Lion Electric financial indicator trend analysis is infinitely more than just investigating Lion Electric Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lion Electric Corp is a good investment. Please check the relationship between Lion Electric Total Stockholder Equity and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Total Stockholder Equity vs Total Current Liabilities
Total Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lion Electric Corp Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lion Electric's Total Stockholder Equity and Total Current Liabilities is 0.73. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Lion Electric Corp, assuming nothing else is changed. The correlation between historical values of Lion Electric's Total Stockholder Equity and Total Current Liabilities 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 Stockholder Equity of Lion Electric Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Lion Electric's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Liabilities
Total Current Liabilities is an item on Lion Electric balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lion Electric Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Lion Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lion Electric Corp 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 Lion Electric Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Enterprise Value is likely to climb to about 999.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 44.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 5.3M | 11.5M | 21.4M | 22.5M | Total Operating Expenses | 106.1M | 67.8M | 64.5M | 71.1M |
Lion Electric fundamental ratios Correlations
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Lion Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lion Electric fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 3.7M | (64.5M) | 14.4M | (635.0K) | 38.1M | 40.0M | |
Total Current Liabilities | 31.4M | 1.1M | 61.2M | 81.1M | 145.7M | 153.0M | |
Other Liab | 21.5M | 92.5M | 106.2M | 23.2M | 26.7M | 25.4M | |
Net Tangible Assets | (1.5M) | (102.7M) | 360.1M | 424.3M | 487.9M | 512.3M | |
Retained Earnings | (29.1M) | (1.5M) | (169.8M) | (152.0M) | (255.7M) | (243.0M) | |
Accounts Payable | 4.4M | 8.2M | 25.5M | 75.9M | 54.4M | 31.4M | |
Other Assets | 20.7M | 49.3M | 87.4M | 1.1M | 1.2M | 1.2M | |
Net Receivables | 7.4M | 18.5M | 37.9M | 63.0M | 75.6M | 38.4M | |
Inventory | 12.0M | 38.1M | 116.0M | 167.2M | 249.6M | 262.1M | |
Other Stockholder Equity | 1.0 | 6.5M | 122.6M | 134.4M | 139.6M | 74.1M | |
Deferred Long Term Liab | 20.7M | 35.0M | 73.3M | 138.5M | 159.3M | 167.3M | |
Total Current Assets | 29.2M | 770.1K | 401.0M | 323.5M | 356.7M | 206.7M | |
Common Stock | 32.6M | 303.1M | 418.7M | 476.0M | 489.4M | 320.1M | |
Property Plant Equipment | 9.6M | 12.9M | 93.6M | 221.3M | 254.5M | 267.2M |
Pair Trading with Lion Electric
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 Lion Electric 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 Lion Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with Lion Stock
0.72 | GP | GreenPower Motor Financial Report 12th of July 2024 | PairCorr |
Moving against Lion Stock
0.65 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
0.48 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
0.48 | GENC | Gencor Industries | PairCorr |
0.44 | OSK | Oshkosh | PairCorr |
The ability to find closely correlated positions to Lion Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lion Electric 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 Lion Electric - 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 Lion Electric Corp to buy it.
The correlation of Lion Electric 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 Lion Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lion Electric Corp 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 Lion Electric 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Lion Electric Corp information on this page should be used as a complementary analysis to other Lion Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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Is Lion Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lion Electric. If investors know Lion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lion Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.49) | Revenue Per Share 1.127 | Quarterly Revenue Growth 0.014 | Return On Assets (0.07) | Return On Equity (0.29) |
The market value of Lion Electric Corp is measured differently than its book value, which is the value of Lion that is recorded on the company's balance sheet. Investors also form their own opinion of Lion Electric's value that differs from its market value or its book value, called intrinsic value, which is Lion Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lion Electric's market value can be influenced by many factors that don't directly affect Lion Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lion Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lion Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lion Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.