LENZ Stock | | | 27.99 1.67 6.34% |
LENZ Therapeutics financial indicator trend analysis is infinitely more than just investigating LENZ Therapeutics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LENZ Therapeutics is a good investment. Please check the relationship between LENZ Therapeutics Property Plant And Equipment Net and its Cash And Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LENZ Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy LENZ Stock please use our
How to Invest in LENZ Therapeutics guide.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
LENZ Therapeutics Property Plant And Equipment Net account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between LENZ Therapeutics' Property Plant And Equipment Net and Cash And Short Term Investments is 0.74. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of LENZ Therapeutics, assuming nothing else is changed. The correlation between historical values of LENZ Therapeutics' Property Plant And Equipment Net and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of LENZ Therapeutics are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., LENZ Therapeutics' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of LENZ Therapeutics balance sheet. This account contains LENZ Therapeutics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by LENZ Therapeutics 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.
Most indicators from LENZ Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LENZ Therapeutics 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 LENZ Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy LENZ Stock please use our
How to Invest in LENZ Therapeutics guide.At this time, LENZ Therapeutics'
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 1.25 in 2024, whereas
Selling General Administrative is likely to drop slightly above 3.8
M in 2024.
LENZ Therapeutics fundamental ratios Correlations
Click cells to compare fundamentals
LENZ Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for LENZ Stock Analysis
When running LENZ Therapeutics' price analysis, check to
measure LENZ Therapeutics' 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 LENZ Therapeutics is operating at the current time. Most of LENZ Therapeutics' value examination focuses on studying past and present price action to
predict the probability of LENZ Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LENZ Therapeutics' price. Additionally, you may evaluate how the addition of LENZ Therapeutics to your portfolios can decrease your overall portfolio volatility.