Avinger Capital Stock vs Net Working Capital Analysis
AVGR Stock | USD 0.83 0.04 5.06% |
Avinger financial indicator trend analysis is way more than just evaluating Avinger prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avinger is a good investment. Please check the relationship between Avinger Capital Stock and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.
Capital Stock vs Net Working Capital
Capital Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Avinger's Capital Stock and Net Working Capital is 0.28. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Avinger, assuming nothing else is changed. The correlation between historical values of Avinger's Capital Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Avinger are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Avinger's Capital Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Net Working Capital
Most indicators from Avinger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avinger 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 Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.As of 11/22/2024, Selling General Administrative is likely to grow to about 16.9 M, while Issuance Of Capital Stock is likely to drop slightly above 4.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.6M | 1.7M | 1.7M | 2.6M | Depreciation And Amortization | 1.7M | 1.3M | 289K | 274.6K |
Avinger fundamental ratios Correlations
Click cells to compare fundamentals
Avinger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avinger fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 23.8M | 33.2M | 29.5M | 24.2M | 13.8M | 23.4M | |
Other Current Liab | 2.4M | 1.5M | 1.2M | 785K | 2.9M | 2.8M | |
Total Current Liabilities | 12.8M | 7.5M | 4.7M | 17.9M | 19.3M | 14.3M | |
Total Stockholder Equity | 6.9M | 13.1M | 9.7M | 4.1M | (6.2M) | (6.5M) | |
Other Liab | 7K | 9.4M | 575K | 1.0M | 1.2M | 1.5M | |
Property Plant And Equipment Net | 6.5M | 4.8M | 3.3M | 2.9M | 1.6M | 2.9M | |
Net Debt | 2.9M | (5.1M) | (4.0M) | 1.8M | 10.1M | 10.6M | |
Retained Earnings | (348.3M) | (367.3M) | (384.8M) | (402.4M) | (420.7M) | (441.7M) | |
Accounts Payable | 663K | 694K | 1.4M | 631K | 777K | 837.3K | |
Cash | 10.9M | 22.2M | 19.5M | 14.6M | 5.3M | 5.0M | |
Non Current Assets Total | 7.2M | 5.3M | 3.7M | 3.2M | 1.6M | 1.5M | |
Non Currrent Assets Other | 684K | 510K | 421K | 312K | 19K | 18.1K | |
Cash And Short Term Investments | 10.9M | 22.2M | 19.5M | 14.6M | 5.3M | 5.0M | |
Net Receivables | 1.5M | 1.5M | 1.4M | 1.1M | 1.0M | 1.3M | |
Common Stock Shares Outstanding | 24.1K | 164.1K | 314.8K | 416.6K | 786K | 825.3K | |
Liabilities And Stockholders Equity | 23.8M | 33.2M | 29.5M | 24.2M | 13.8M | 23.4M | |
Non Current Liabilities Total | 4.1M | 12.7M | 15.1M | 2.1M | 672K | 638.4K | |
Inventory | 3.9M | 3.9M | 4.6M | 5.0M | 5.3M | 5.2M | |
Other Current Assets | 311K | 700K | 600K | 362K | 575K | 491.5K | |
Other Stockholder Equity | 355.2M | 380.3M | 394.4M | 406.5M | 414.5M | 256.7M | |
Total Liab | 16.9M | 20.1M | 19.8M | 20.0M | 20.0M | 19.0M | |
Property Plant And Equipment Gross | 6.5M | 4.8M | 95K | 2.9M | 5.7M | 2.9M | |
Total Current Assets | 16.6M | 27.9M | 25.8M | 21.0M | 12.2M | 20.1M | |
Property Plant Equipment | 1.7M | 727K | 3.3M | 2.9M | 2.6M | 2.4M | |
Short Long Term Debt Total | 13.8M | 17.1M | 15.5M | 16.4M | 15.4M | 19.2M | |
Net Tangible Assets | 6.9M | 13.1M | 9.7M | 4.1M | 4.8M | 5.0M | |
Short Long Term Debt | 7.5M | 9.0M | 3.6M | 14.2M | 14.3M | 14.8M | |
Short Term Debt | 9.7M | 5.2M | 2.0M | 16.3M | 15.4M | 13.9M | |
Common Stock | 34K | 10K | 85K | 96K | 8K | 1.1K | |
Common Stock Total Equity | 34K | 10K | 85K | 96K | 110.4K | 115.9K | |
Retained Earnings Total Equity | (328.9M) | (348.3M) | (367.3M) | (384.8M) | (346.3M) | (363.6M) | |
Capital Surpluse | 338.3M | 355.2M | 380.3M | 394.4M | 453.5M | 346.1M | |
Non Current Liabilities Other | 41K | 4.1M | 2.8M | 1.0M | 672K | 638.4K | |
Net Invested Capital | 15.9M | 26.1M | 22.0M | 18.3M | 8.1M | 7.7M | |
Net Working Capital | 3.8M | 20.4M | 21.1M | 3.0M | (7.1M) | (6.8M) |
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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0.36 | SSY | SunLink Health Systems | PairCorr |
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.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.