LSI Cash And Short Term Investments vs Non Current Assets Total Analysis
LYTS Stock | USD 14.63 0.26 1.75% |
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 Cash And Short Term Investments and its Non Current Assets Total 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.
Cash And Short Term Investments vs Non Current Assets Total
Cash And Short Term Investments vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LSI Industries Cash And Short Term Investments account and Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between LSI Industries' Cash And Short Term Investments and Non Current Assets Total is -0.51. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Assets Total 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' Cash And Short Term Investments and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of LSI Industries are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash And Short Term Investments i.e., LSI Industries' Cash And Short Term Investments and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of LSI Industries balance sheet. This account contains LSI Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by LSI Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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.At this time, LSI Industries' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 14.43 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 109.2M | 136.9M | 157.5M | 165.4M | Total Revenue | 455.1M | 497.0M | 571.5M | 600.1M |
LSI Industries fundamental ratios Correlations
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LSI Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LSI Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 172.3M | 286.8M | 311.1M | 296.2M | 340.6M | 357.6M | |
Short Long Term Debt Total | 11.4M | 68.2M | 79.6M | 35.2M | 40.5M | 42.5M | |
Other Current Liab | 18.1M | 24.9M | 29.8M | 70.8M | 81.4M | 85.4M | |
Total Current Liabilities | 34.6M | 70.9M | 74.6M | 74.3M | 85.5M | 89.8M | |
Total Stockholder Equity | 125.7M | 131.2M | 147.8M | 177.6M | 204.2M | 113.8M | |
Property Plant And Equipment Net | 26.5M | 30.6M | 27.2M | 25.4M | 29.2M | 36.8M | |
Net Debt | 7.9M | 65.9M | 77.1M | 33.4M | 38.4M | 40.3M | |
Retained Earnings | (1.9M) | (1.4M) | 8.2M | 28.5M | 32.8M | 41.7M | |
Cash | 3.5M | 2.3M | 2.5M | 1.8M | 2.1M | 2.0M | |
Non Current Assets Total | 86.4M | 161.8M | 152.2M | 146.3M | 168.2M | 176.6M | |
Non Currrent Assets Other | 19.5M | 14.7M | 12.0M | 12.6M | 14.5M | 15.2M | |
Cash And Short Term Investments | 3.5M | 2.3M | 2.5M | 1.8M | 2.1M | 2.0M | |
Net Receivables | 40.6M | 59.0M | 78.8M | 80.8M | 92.9M | 97.6M | |
Common Stock Shares Outstanding | 26.5M | 27.4M | 28.0M | 29.3M | 33.7M | 22.3M | |
Liabilities And Stockholders Equity | 172.3M | 286.8M | 311.1M | 296.2M | 340.6M | 357.6M | |
Non Current Liabilities Total | 11.9M | 84.8M | 88.7M | 44.2M | 50.9M | 53.4M | |
Inventory | 38.8M | 58.9M | 74.4M | 63.7M | 73.3M | 37.0M | |
Other Current Assets | 85.9M | 4.8M | 3.2M | 3.5M | 4.1M | 3.9M | |
Other Stockholder Equity | 68.2M | 2.5M | 139.5M | 7.5M | 8.6M | 8.2M | |
Total Liab | 46.6M | 155.7M | 163.3M | 118.6M | 136.4M | 143.2M | |
Property Plant And Equipment Gross | 35.2M | 42.1M | 106.6M | 108.2M | 124.4M | 130.7M | |
Total Current Assets | 85.9M | 125.0M | 158.9M | 149.9M | 172.4M | 89.5M | |
Accumulated Other Comprehensive Income | (93K) | 49K | 45K | 339K | 305.1K | 320.4K | |
Intangible Assets | 30.0M | 72.8M | 68.0M | 63.2M | 72.7M | 76.3M | |
Accounts Payable | 14.2M | 33.0M | 34.8M | 29.2M | 33.6M | 17.0M | |
Common Stock Total Equity | 125.7M | 127.7M | 132.5M | 139.5M | 160.4M | 101.1M | |
Common Stock | 127.7M | 132.5M | 139.5M | 148.7M | 171.0M | 95.1M | |
Property Plant Equipment | 35.2M | 30.6M | 27.2M | 34.4M | 30.9M | 34.8M | |
Current Deferred Revenue | 1.7M | 11.4M | 6.4M | (29.2M) | (26.3M) | (25.0M) | |
Other Assets | 10.9M | 131.3M | 283.9M | 3.7M | 4.2M | 4.0M | |
Other Liab | 1.1M | 4.2M | 12.7M | 3.5M | 4.0M | 2.7M | |
Net Tangible Assets | 85.4M | 131.2M | 147.8M | 69.3M | 62.4M | 91.7M | |
Retained Earnings Total Equity | (5.8M) | (1.9M) | (1.4M) | 8.2M | 7.4M | 7.0M | |
Non Current Liabilities Other | 1.1M | 16.6M | 12.7M | 12.6M | 14.5M | 15.2M |
Pair Trading with LSI Industries
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 LSI Industries 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 LSI Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with LSI Stock
Moving against LSI Stock
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The ability to find closely correlated positions to LSI Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LSI Industries 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 LSI Industries - 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 LSI Industries to buy it.
The correlation of LSI Industries 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 LSI Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LSI Industries 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 LSI Industries 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 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.