Leonardo Price Earnings Ratio from 2010 to 2024
| DRS Stock | 25.51 0.06 0.23% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 31.13357143 | Current Value 32.69 | Quarterly Volatility 28.81901256 |
Check Leonardo DRS financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Leonardo DRS's main balance sheet or income statement drivers, such as Interest Income of 41.1 M, Selling General Administrative of 257.2 M or Total Revenue of 2.2 B, as well as many indicators such as Price To Sales Ratio of 1.94, Dividend Yield of 0.11 or PTB Ratio of 2.36. Leonardo financial statements analysis is a perfect complement when working with Leonardo DRS Valuation or Volatility modules.
Leonardo | Price Earnings Ratio |
Latest Leonardo DRS's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of Leonardo DRS Common over the last few years. It is Leonardo DRS's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Leonardo DRS's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
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Price Earnings Ratio |
| Timeline |
Leonardo Price Earnings Ratio Regression Statistics
| Arithmetic Mean | (15.33) | |
| Coefficient Of Variation | (187.95) | |
| Mean Deviation | 26.49 | |
| Median | (37.41) | |
| Standard Deviation | 28.82 | |
| Sample Variance | 830.54 | |
| Range | 70.1 | |
| R-Value | 0.87 | |
| Mean Square Error | 220.08 | |
| R-Squared | 0.75 | |
| Significance | 0.000027 | |
| Slope | 5.60 | |
| Total Sum of Squares | 11,627 |
Leonardo Price Earnings Ratio History
About Leonardo DRS Financial Statements
Leonardo DRS shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Leonardo DRS investors may analyze each financial statement separately, they are all interrelated. The changes in Leonardo DRS's assets and liabilities, for example, are also reflected in the revenues and expenses on on Leonardo DRS's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 31.13 | 32.69 |
Pair Trading with Leonardo DRS
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 Leonardo DRS 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 Leonardo DRS will appreciate offsetting losses from the drop in the long position's value.Moving together with Leonardo Stock
Moving against Leonardo Stock
| 0.85 | ESLT | Elbit Systems | PairCorr |
| 0.81 | EH | Ehang Holdings | PairCorr |
| 0.76 | VTSI | VirTra Inc | PairCorr |
| 0.68 | EVEX | Eve Holding | PairCorr |
| 0.59 | AZ | A2Z Smart Technologies | PairCorr |
The ability to find closely correlated positions to Leonardo DRS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leonardo DRS 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 Leonardo DRS - 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 Leonardo DRS Common to buy it.
The correlation of Leonardo DRS 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 Leonardo DRS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leonardo DRS Common 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 Leonardo DRS 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 Leonardo Stock Analysis
When running Leonardo DRS's price analysis, check to measure Leonardo DRS's 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 Leonardo DRS is operating at the current time. Most of Leonardo DRS's value examination focuses on studying past and present price action to predict the probability of Leonardo DRS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leonardo DRS's price. Additionally, you may evaluate how the addition of Leonardo DRS to your portfolios can decrease your overall portfolio volatility.