Avinger Debt Ratio from 2010 to 2024

AVGR Stock  USD 0.83  0.04  5.06%   
Avinger Debt Ratio yearly trend continues to be relatively stable with very little volatility. Debt Ratio is likely to drop to 1.00. During the period from 2010 to 2024, Avinger Debt Ratio destribution of quarterly values had range of 2.6497 from its regression line and mean deviation of  0.47. View All Fundamentals
 
Debt Ratio  
First Reported
2010-12-31
Previous Quarter
1.03798112
Current Value
1
Quarterly Volatility
0.66985993
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Avinger financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avinger's main balance sheet or income statement drivers, such as Depreciation And Amortization of 274.6 K, Interest Expense of 2.6 M or Selling General Administrative of 16.9 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.58 or Days Sales Outstanding of 60.81. Avinger financial statements analysis is a perfect complement when working with Avinger Valuation or Volatility modules.
  
Check out the analysis of Avinger Correlation against competitors.
To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.

Latest Avinger's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of Avinger over the last few years. It is Avinger's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avinger's overall financial position and show how it may be relating to other accounts over time.
Debt Ratio10 Years Trend
Slightly volatile
   Debt Ratio   
       Timeline  

Avinger Debt Ratio Regression Statistics

Arithmetic Mean1.01
Geometric Mean0.84
Coefficient Of Variation66.61
Mean Deviation0.47
Median1.00
Standard Deviation0.67
Sample Variance0.45
Range2.6497
R-Value(0.35)
Mean Square Error0.42
R-Squared0.12
Significance0.20
Slope(0.05)
Total Sum of Squares6.28

Avinger Debt Ratio History

2024 1.0
2023 1.04
2022 0.63
2021 0.45
2020 0.42
2019 0.38
2018 0.32

Other Fundumenentals of Avinger

Avinger Debt Ratio component correlations

0.22-0.440.30.450.760.010.990.250.620.13-0.89-0.180.30.290.060.3-0.41-0.02-0.270.28
0.22-0.14-0.75-0.160.02-0.970.27-0.49-0.490.94-0.26-0.920.440.410.92-0.180.680.50.660.07
-0.44-0.14-0.34-0.160.080.03-0.46-0.06-0.40.140.14-0.210.450.460.24-0.210.14-0.18-0.07-0.21
0.3-0.75-0.340.470.180.850.260.640.77-0.88-0.170.82-0.3-0.26-0.880.48-0.91-0.48-0.80.08
0.45-0.16-0.160.470.460.280.470.650.49-0.26-0.440.150.370.26-0.230.32-0.53-0.31-0.490.36
0.760.020.080.180.460.160.720.30.560.09-0.81-0.180.450.440.060.2-0.34-0.18-0.340.12
0.01-0.970.030.850.280.16-0.050.560.64-0.940.060.9-0.38-0.35-0.930.3-0.79-0.5-0.730.01
0.990.27-0.460.260.470.72-0.050.260.60.17-0.91-0.220.340.320.10.25-0.37-0.04-0.260.26
0.25-0.49-0.060.640.650.30.560.260.74-0.58-0.280.50.090.05-0.570.2-0.6-0.58-0.69-0.07
0.62-0.49-0.40.770.490.560.640.60.74-0.59-0.520.55-0.15-0.13-0.650.17-0.73-0.52-0.69-0.04
0.130.940.14-0.88-0.260.09-0.940.17-0.58-0.59-0.25-0.980.510.470.99-0.260.740.480.680.02
-0.89-0.260.14-0.17-0.44-0.810.06-0.91-0.28-0.52-0.250.35-0.6-0.6-0.21-0.170.350.270.40.0
-0.18-0.92-0.210.820.15-0.180.9-0.220.50.55-0.980.35-0.66-0.63-0.990.2-0.65-0.38-0.550.0
0.30.440.45-0.30.370.45-0.380.340.09-0.150.51-0.6-0.660.970.6-0.030.03-0.2-0.19-0.08
0.290.410.46-0.260.260.44-0.350.320.05-0.130.47-0.6-0.630.970.56-0.04-0.01-0.26-0.26-0.22
0.060.920.24-0.88-0.230.06-0.930.1-0.57-0.650.99-0.21-0.990.60.56-0.260.720.430.630.0
0.3-0.18-0.210.480.320.20.30.250.20.17-0.26-0.170.2-0.03-0.04-0.26-0.380.31-0.170.47
-0.410.680.14-0.91-0.53-0.34-0.79-0.37-0.6-0.730.740.35-0.650.03-0.010.72-0.380.580.88-0.01
-0.020.5-0.18-0.48-0.31-0.18-0.5-0.04-0.58-0.520.480.27-0.38-0.2-0.260.430.310.580.840.62
-0.270.66-0.07-0.8-0.49-0.34-0.73-0.26-0.69-0.690.680.4-0.55-0.19-0.260.63-0.170.880.840.28
0.280.07-0.210.080.360.120.010.26-0.07-0.040.020.00.0-0.08-0.220.00.47-0.010.620.28
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About Avinger Financial Statements

Avinger shareholders use historical fundamental indicators, such as Debt Ratio, to determine how well the company is positioned to perform in the future. Although Avinger investors may analyze each financial statement separately, they are all interrelated. The changes in Avinger's assets and liabilities, for example, are also reflected in the revenues and expenses on on Avinger's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Debt Ratio 1.04  1.00 
Cash Flow To Debt Ratio(1.01)(1.06)

Pair Trading with Avinger

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 Avinger 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 Avinger will appreciate offsetting losses from the drop in the long position's value.

Moving against Avinger Stock

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The ability to find closely correlated positions to Avinger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avinger 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 Avinger - 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 Avinger to buy it.
The correlation of Avinger 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 Avinger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avinger 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 Avinger 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 Matching

Additional Tools for Avinger Stock Analysis

When running Avinger's price analysis, check to measure Avinger'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 Avinger is operating at the current time. Most of Avinger's value examination focuses on studying past and present price action to predict the probability of Avinger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avinger's price. Additionally, you may evaluate how the addition of Avinger to your portfolios can decrease your overall portfolio volatility.