Avax Price To Sales Ratio vs Pb Ratio Analysis
| AVXT Stock | USD 0.0001 0.00 0.00% |
Avax Techs financial indicator trend analysis is way more than just evaluating Avax Techs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avax Techs is a good investment. Please check the relationship between Avax Techs Price To Sales Ratio and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avax Techs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Avax Stock please use our How to Invest in Avax Techs guide.
Price To Sales Ratio vs Pb Ratio
Price To Sales Ratio vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avax Techs Price To Sales Ratio account and Pb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Avax Techs' Price To Sales Ratio and Pb Ratio is -0.99. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Avax Techs, assuming nothing else is changed. The correlation between historical values of Avax Techs' Price To Sales Ratio and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Avax Techs are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Price To Sales Ratio i.e., Avax Techs' Price To Sales Ratio and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.99 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Avax Techs stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Avax Techs sales, a figure that is much harder to manipulate than other Avax Techs multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Pb Ratio
Most indicators from Avax Techs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avax Techs 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 Avax Techs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Avax Stock please use our How to Invest in Avax Techs guide.Enterprise Value is likely to gain to about 12.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.1 M in 2024.
Avax Techs fundamental ratios Correlations
Click cells to compare fundamentals
Avax Techs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Avax Techs
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 Avax Techs 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 Avax Techs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Avax Techs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avax Techs 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 Avax Techs - 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 Avax Techs to buy it.
The correlation of Avax Techs 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 Avax Techs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avax Techs 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 Avax Techs 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avax Techs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Avax Stock please use our How to Invest in Avax Techs guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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When running Avax Techs' price analysis, check to measure Avax Techs' 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 Avax Techs is operating at the current time. Most of Avax Techs' value examination focuses on studying past and present price action to predict the probability of Avax Techs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avax Techs' price. Additionally, you may evaluate how the addition of Avax Techs to your portfolios can decrease your overall portfolio volatility.
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Is Avax Techs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avax Techs. If investors know Avax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avax Techs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.001 | Quarterly Revenue Growth 3.749 | Return On Assets (4.57) |
The market value of Avax Techs is measured differently than its book value, which is the value of Avax that is recorded on the company's balance sheet. Investors also form their own opinion of Avax Techs' value that differs from its market value or its book value, called intrinsic value, which is Avax Techs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avax Techs' market value can be influenced by many factors that don't directly affect Avax Techs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avax Techs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avax Techs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avax Techs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.