AVCN Stock | | | CAD 0.28 0.02 7.69% |
Avicanna financial indicator trend analysis is way more than just evaluating Avicanna prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avicanna is a good investment. Please check the relationship between Avicanna Cash and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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.
Cash vs Cash And Short Term Investments
Cash 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
Avicanna Cash account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Avicanna's Cash and Cash And Short Term Investments is 0.92. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Avicanna, assuming nothing else is changed. The correlation between historical values of Avicanna's Cash 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 Cash of Avicanna 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 Cash i.e., Avicanna's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Avicanna, which is listed under current asset account on Avicanna balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avicanna customers. The amounts must be unrestricted with restricted cash listed in a different Avicanna account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Avicanna balance sheet. This account contains Avicanna investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Avicanna 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 Avicanna's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avicanna 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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.
As of the 26th of November 2024,
Enterprise Value is likely to grow to about 59.2
M, while
Selling General Administrative is likely to drop about 11
M.
Avicanna fundamental ratios Correlations
Click cells to compare fundamentals
Avicanna Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avicanna fundamental ratios Accounts
Other Information on Investing in Avicanna Stock
Balance Sheet is a snapshot of the
financial position of Avicanna at a specified time, usually calculated after every quarter, six months, or one year. Avicanna Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Avicanna and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Avicanna currently owns. An asset can also be divided into two categories, current and non-current.