LQDT Stock | | | USD 19.45 0.21 1.09% |
Liquidity Services financial indicator trend analysis is infinitely more than just investigating Liquidity Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liquidity Services is a good investment. Please check the relationship between Liquidity Services Non Current Liabilities Total and its Other Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Liquidity Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Liquidity Stock please use our
How to Invest in Liquidity Services guide.
Non Current Liabilities Total vs Other Current Assets
Non Current Liabilities Total vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Liquidity Services Non Current Liabilities Total account and
Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Liquidity Services' Non Current Liabilities Total and Other Current Assets is 0.74. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Liquidity Services, assuming nothing else is changed. The correlation between historical values of Liquidity Services' Non Current Liabilities Total and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Liquidity Services are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Non Current Liabilities Total i.e., Liquidity Services' Non Current Liabilities Total and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Liquidity Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liquidity Services 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 Liquidity Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Liquidity Stock please use our
How to Invest in Liquidity Services guide.At this time, Liquidity Services'
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 13.10 in 2024, whereas
Enterprise Value is likely to drop slightly above 278.5
M in 2024.
Liquidity Services fundamental ratios Correlations
Click cells to compare fundamentals
Liquidity Services Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Liquidity Services fundamental ratios Accounts
Pair Trading with Liquidity Services
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 Liquidity Services 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 Liquidity Services will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Liquidity Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liquidity Services 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 Liquidity Services - 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 Liquidity Services to buy it.
The correlation of Liquidity Services 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 Liquidity Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liquidity Services 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 Liquidity Services 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 Liquidity Stock Analysis
When running Liquidity Services' price analysis, check to
measure Liquidity Services' 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 Liquidity Services is operating at the current time. Most of Liquidity Services' value examination focuses on studying past and present price action to
predict the probability of Liquidity Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Liquidity Services' price. Additionally, you may evaluate how the addition of Liquidity Services to your portfolios can decrease your overall portfolio volatility.