Avinger Free Cash Flow vs Free Cash Flow Yield Analysis

AVGR Stock

USD 0.83 0.03 3.75%

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 Free Cash Flow and its Free Cash Flow Yield 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.

Free Cash Flow vs Free Cash Flow Yield

Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Avinger's Free Cash Flow and Free Cash Flow Yield is -0.46. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Avinger, assuming nothing else is changed. The correlation between historical values of Avinger's Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Avinger are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow i.e., Avinger's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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 11/26/2024, 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

Interest Expense Depreciation And Amortization

Avinger fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Short Long Term Debt Total	Long Term Debt
Total Assets		0.41	-0.49	0.22	0.14	0.25	-0.44	0.3	0.45	0.96	0.16	-0.2	-0.02	0.96	0.76	-0.39	0.11	0.53	0.08	-0.15	0.01	-0.06	0.99	0.25	0.31	0.62
Other Current Liab	0.41		0.13	-0.12	-0.29	-0.28	0.2	0.24	0.4	0.38	-0.04	0.48	0.03	0.38	0.6	-0.37	0.17	0.35	0.0	-0.13	0.22	-0.1	0.42	0.08	0.36	0.27
Total Current Liabilities	-0.49	0.13		0.21	-0.13	-0.31	0.68	-0.42	-0.09	-0.48	-0.27	0.01	-0.09	-0.48	-0.28	0.15	-0.51	0.02	-0.29	0.42	-0.33	-0.05	-0.46	-0.25	0.15	-0.68
Total Stockholder Equity	0.22	-0.12	0.21		0.25	-0.05	-0.14	-0.75	-0.16	0.23	-0.37	-0.41	-0.15	0.23	0.02	0.36	-0.93	0.33	-0.55	0.83	-0.97	-0.06	0.27	-0.49	-0.51	-0.49
Other Liab	0.14	-0.29	-0.13	0.25		0.2	-0.1	-0.23	-0.39	0.14	0.12	-0.15	0.73	0.14	-0.03	0.11	-0.18	-0.08	0.12	0.24	-0.23	0.19	0.12	-0.53	-0.2	-0.2
Property Plant And Equipment Net	0.25	-0.28	-0.31	-0.05	0.2		-0.12	0.24	-0.05	0.16	0.82	-0.23	0.15	0.16	0.26	-0.45	0.17	-0.02	0.12	-0.19	0.11	0.54	0.14	0.08	0.17	0.23
Net Debt	-0.44	0.2	0.68	-0.14	-0.1	-0.12		-0.34	-0.16	-0.55	0.06	0.24	0.12	-0.55	0.08	0.19	-0.12	0.27	-0.1	0.26	0.03	0.05	-0.46	-0.06	0.2	-0.4
Retained Earnings	0.3	0.24	-0.42	-0.75	-0.23	0.24	-0.34		0.47	0.35	0.38	0.12	-0.05	0.35	0.18	-0.7	0.87	-0.25	0.66	-0.95	0.85	0.11	0.26	0.64	0.66	0.77
Accounts Payable	0.45	0.4	-0.09	-0.16	-0.39	-0.05	-0.16	0.47		0.46	-0.04	-0.02	-0.32	0.46	0.46	-0.47	0.28	0.28	0.47	-0.36	0.28	-0.39	0.47	0.65	0.61	0.49
Cash	0.96	0.38	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46		0.12	-0.17	-0.01	1.0	0.63	-0.47	0.11	0.39	0.12	-0.15	0.0	-0.11	0.97	0.23	0.26	0.57
Non Current Assets Total	0.16	-0.04	-0.27	-0.37	0.12	0.82	0.06	0.38	-0.04	0.12		0.26	0.45	0.12	0.34	-0.63	0.46	-0.12	0.09	-0.28	0.43	0.4	0.04	0.04	0.24	0.22
Non Currrent Assets Other	-0.2	0.48	0.01	-0.41	-0.15	-0.23	0.24	0.12	-0.02	-0.17	0.26		0.52	-0.17	0.1	-0.34	0.35	-0.3	-0.09	-0.07	0.38	-0.28	-0.23	-0.26	-0.15	-0.11
Other Assets	-0.02	0.03	-0.09	-0.15	0.73	0.15	0.12	-0.05	-0.32	-0.01	0.45	0.52		-0.01	0.1	-0.19	0.16	-0.26	0.03	0.1	0.15	0.05	-0.07	-0.57	-0.14	-0.21
Cash And Short Term Investments	0.96	0.38	-0.48	0.23	0.14	0.16	-0.55	0.35	0.46	1.0	0.12	-0.17	-0.01		0.63	-0.47	0.11	0.39	0.12	-0.15	0.0	-0.11	0.97	0.23	0.26	0.57
Net Receivables	0.76	0.6	-0.28	0.02	-0.03	0.26	0.08	0.18	0.46	0.63	0.34	0.1	0.1	0.63		-0.33	0.21	0.77	0.05	-0.06	0.16	0.09	0.72	0.3	0.41	0.56
Common Stock Shares Outstanding	-0.39	-0.37	0.15	0.36	0.11	-0.45	0.19	-0.7	-0.47	-0.47	-0.63	-0.34	-0.19	-0.47	-0.33		-0.48	0.21	-0.38	0.5	-0.49	-0.03	-0.33	-0.28	-0.49	-0.37
Non Current Liabilities Total	0.11	0.17	-0.51	-0.93	-0.18	0.17	-0.12	0.87	0.28	0.11	0.46	0.35	0.16	0.11	0.21	-0.48		-0.21	0.6	-0.89	0.98	0.06	0.06	0.56	0.51	0.73
Inventory	0.53	0.35	0.02	0.33	-0.08	-0.02	0.27	-0.25	0.28	0.39	-0.12	-0.3	-0.26	0.39	0.77	0.21	-0.21		-0.13	0.29	-0.23	0.09	0.55	0.31	0.26	0.3
Other Current Assets	0.08	0.0	-0.29	-0.55	0.12	0.12	-0.1	0.66	0.47	0.12	0.09	-0.09	0.03	0.12	0.05	-0.38	0.6	-0.13		-0.68	0.59	0.06	0.08	0.6	0.51	0.51
Other Stockholder Equity	-0.15	-0.13	0.42	0.83	0.24	-0.19	0.26	-0.95	-0.36	-0.15	-0.28	-0.07	0.1	-0.15	-0.06	0.5	-0.89	0.29	-0.68		-0.88	-0.1	-0.11	-0.64	-0.62	-0.75
Total Liab	0.01	0.22	-0.33	-0.97	-0.23	0.11	0.03	0.85	0.28	0.0	0.43	0.38	0.15	0.0	0.16	-0.49	0.98	-0.23	0.59	-0.88		0.06	-0.05	0.56	0.59	0.64
Property Plant And Equipment Gross	-0.06	-0.1	-0.05	-0.06	0.19	0.54	0.05	0.11	-0.39	-0.11	0.4	-0.28	0.05	-0.11	0.09	-0.03	0.06	0.09	0.06	-0.1	0.06		-0.11	-0.04	0.1	0.14
Total Current Assets	0.99	0.42	-0.46	0.27	0.12	0.14	-0.46	0.26	0.47	0.97	0.04	-0.23	-0.07	0.97	0.72	-0.33	0.06	0.55	0.08	-0.11	-0.05	-0.11		0.26	0.28	0.6
Property Plant Equipment	0.25	0.08	-0.25	-0.49	-0.53	0.08	-0.06	0.64	0.65	0.23	0.04	-0.26	-0.57	0.23	0.3	-0.28	0.56	0.31	0.6	-0.64	0.56	-0.04	0.26		0.68	0.74
Short Long Term Debt Total	0.31	0.36	0.15	-0.51	-0.2	0.17	0.2	0.66	0.61	0.26	0.24	-0.15	-0.14	0.26	0.41	-0.49	0.51	0.26	0.51	-0.62	0.59	0.1	0.28	0.68		0.56
Long Term Debt	0.62	0.27	-0.68	-0.49	-0.2	0.23	-0.4	0.77	0.49	0.57	0.22	-0.11	-0.21	0.57	0.56	-0.37	0.73	0.3	0.51	-0.75	0.64	0.14	0.6	0.74	0.56

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Avinger Account Relationship Matchups

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

0.69	VMD	Viemed Healthcare	Pair Corr
0.61	DOCS	Doximity Buyout Trend	Pair Corr
0.54	ITGR	Integer Holdings Corp	Pair Corr
0.45	FOXO	FOXO Technologies	Pair Corr
0.32	SSY	SunLink Health Systems	Pair Corr

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 Correlation Correlation 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.

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