Avalon Advanced Materials Stock Return On Asset
| AVL Stock | CAD 0.04 0.01 20.00% |
Avalon Advanced Materials fundamentals help investors to digest information that contributes to Avalon Advanced's financial success or failures. It also enables traders to predict the movement of Avalon Stock. The fundamental analysis module provides a way to measure Avalon Advanced's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Avalon Advanced stock.
As of the 25th of November 2024, Return On Assets is likely to drop to -0.02. Avalon | Return On Asset |
Avalon Advanced Materials Company Return On Asset Analysis
Avalon Advanced's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Avalon Advanced Return On Asset | -0.027 |
Most of Avalon Advanced's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avalon Advanced Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Avalon Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Avalon Advanced is extremely important. It helps to project a fair market value of Avalon Stock properly, considering its historical fundamentals such as Return On Asset. Since Avalon Advanced's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avalon Advanced's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avalon Advanced's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Avalon Total Assets
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Based on the latest financial disclosure, Avalon Advanced Materials has a Return On Asset of -0.027. This is 103.65% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all Canada stocks is 80.71% lower than that of the firm.
Avalon Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avalon Advanced's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avalon Advanced could also be used in its relative valuation, which is a method of valuing Avalon Advanced by comparing valuation metrics of similar companies.Avalon Advanced is currently under evaluation in return on asset category among its peers.
Avalon Advanced Current Valuation Drivers
We derive many important indicators used in calculating different scores of Avalon Advanced from analyzing Avalon Advanced's financial statements. These drivers represent accounts that assess Avalon Advanced's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avalon Advanced's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 23.4M | 42.6M | 54.4M | 63.8M | 57.5M | 56.1M | |
| Enterprise Value | 23.0M | 44.4M | 55.9M | 64.6M | 58.1M | 51.1M |
Avalon Fundamentals
| Return On Equity | -4.0E-4 | ||||
| Return On Asset | -0.027 | ||||
| Profit Margin | (0.49) % | ||||
| Operating Margin | (56.24) % | ||||
| Current Valuation | 24.9 M | ||||
| Shares Outstanding | 565.08 M | ||||
| Shares Owned By Insiders | 21.00 % | ||||
| Number Of Shares Shorted | 375.06 K | ||||
| Price To Earning | 37.50 X | ||||
| Price To Book | 0.17 X | ||||
| Price To Sales | 228.32 X | ||||
| Revenue | 45 K | ||||
| Gross Profit | 21.77 K | ||||
| EBITDA | (3.77 M) | ||||
| Net Income | (3.32 M) | ||||
| Cash And Equivalents | 4.12 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 3.3 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 2.45 X | ||||
| Book Value Per Share | 0.23 X | ||||
| Cash Flow From Operations | (2.62 M) | ||||
| Short Ratio | 1.44 X | ||||
| Target Price | 1.45 | ||||
| Beta | 1.89 | ||||
| Market Capitalization | 22.6 M | ||||
| Total Asset | 131.05 M | ||||
| Retained Earnings | (97.8 M) | ||||
| Working Capital | 652.44 K | ||||
| Current Asset | 1.89 M | ||||
| Current Liabilities | 1.23 M | ||||
| Net Asset | 131.05 M |
About Avalon Advanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avalon Advanced Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avalon Advanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avalon Advanced Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Avalon Advanced
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 Avalon Advanced 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 Avalon Advanced will appreciate offsetting losses from the drop in the long position's value.Moving against Avalon Stock
| 0.57 | BOFA | Bank of America | PairCorr |
| 0.55 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.53 | FDY | Faraday Copper Corp | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.52 | RY-PS | Royal Bank | PairCorr |
The ability to find closely correlated positions to Avalon Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avalon Advanced 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 Avalon Advanced - 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 Avalon Advanced Materials to buy it.
The correlation of Avalon Advanced 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 Avalon Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avalon Advanced Materials 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 Avalon Advanced 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.Other Information on Investing in Avalon Stock
Avalon Advanced financial ratios help investors to determine whether Avalon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Avalon with respect to the benefits of owning Avalon Advanced security.