Avery Ebit vs Research Development Analysis
AVY Stock | USD 219.03 1.87 0.86% |
Avery Dennison financial indicator trend analysis is way more than just evaluating Avery Dennison Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avery Dennison Corp is a good investment. Please check the relationship between Avery Dennison Ebit and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avery Dennison Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Ebit vs Research Development
Ebit vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avery Dennison Corp Ebit account and Research Development. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Avery Dennison's Ebit and Research Development is 0.85. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Research Development in the same time period over historical financial statements of Avery Dennison Corp, assuming nothing else is changed. The correlation between historical values of Avery Dennison's Ebit and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Avery Dennison Corp are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Ebit i.e., Avery Dennison's Ebit and Research Development go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Ebit
Research Development
Most indicators from Avery Dennison's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avery Dennison Corp 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 Avery Dennison Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 995.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 2.4B | 2.3B | 1.5B | Total Revenue | 8.4B | 9.0B | 8.4B | 5.2B |
Avery Dennison fundamental ratios Correlations
Click cells to compare fundamentals
Avery Dennison Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avery Dennison fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.5B | 6.1B | 8.0B | 8.0B | 8.2B | 4.1B | |
Short Long Term Debt Total | 1.9B | 2.1B | 3.1B | 3.1B | 3.2B | 3.4B | |
Other Current Liab | 734.9M | 791.5M | 905.6M | 839.7M | 782.1M | 466.4M | |
Total Current Liabilities | 2.3B | 1.9B | 2.5B | 2.8B | 2.7B | 1.4B | |
Total Stockholder Equity | 1.2B | 1.5B | 1.9B | 2.0B | 2.1B | 1.3B | |
Property Plant And Equipment Net | 1.2B | 1.3B | 1.5B | 1.5B | 1.6B | 1.1B | |
Net Debt | 1.7B | 1.9B | 2.9B | 2.9B | 3.0B | 3.2B | |
Retained Earnings | 3.0B | 3.3B | 3.9B | 4.4B | 4.7B | 4.9B | |
Cash | 253.7M | 252.3M | 162.7M | 167.2M | 215M | 225.8M | |
Non Current Assets Total | 3.1B | 3.7B | 5.2B | 5.2B | 5.4B | 5.7B | |
Non Currrent Assets Other | 646M | 759.7M | 786.9M | 725M | 809.6M | 850.1M | |
Cash And Short Term Investments | 253.7M | 252.3M | 162.7M | 167.2M | 215M | 225.8M | |
Net Receivables | 1.2B | 1.2B | 1.4B | 1.4B | 1.4B | 840.3M | |
Common Stock Shares Outstanding | 85M | 84.1M | 83.8M | 82.2M | 81.1M | 78.5M | |
Liabilities And Stockholders Equity | 5.5B | 6.1B | 8.0B | 8.0B | 8.2B | 4.1B | |
Non Current Liabilities Total | 2.0B | 2.7B | 3.5B | 3.1B | 3.4B | 3.6B | |
Inventory | 663M | 717.2M | 907.2M | 1.0B | 920.7M | 467.2M | |
Other Current Assets | 211.7M | 211.5M | 240.2M | 230.5M | 245.4M | 149.3M | |
Other Stockholder Equity | (1.6B) | (1.6B) | (1.8B) | (2.1B) | (2.3B) | (2.2B) | |
Total Liab | 4.3B | 4.6B | 6.0B | 5.9B | 6.1B | 6.4B | |
Property Plant And Equipment Gross | 1.3B | 1.3B | 1.5B | 3.7B | 4.0B | 4.2B | |
Total Current Assets | 2.3B | 2.4B | 2.7B | 2.8B | 2.8B | 1.6B | |
Accumulated Other Comprehensive Income | (348.1M) | (334.6M) | (282.9M) | (364M) | (408.1M) | (428.5M) | |
Short Term Debt | 440.2M | 64.7M | 318.8M | 598.6M | 622.2M | 653.3M | |
Intangible Assets | 126.5M | 224.9M | 911.4M | 840.3M | 2.9B | 3.0B | |
Accounts Payable | 1.1B | 1.1B | 1.3B | 1.3B | 1.3B | 687.3M | |
Other Liab | 432.8M | 620.9M | 713.4M | 501.4M | 576.6M | 608.4M | |
Other Assets | 580.5M | 977.7M | 966.4M | 925.6M | 1.1B | 663.7M | |
Long Term Debt | 1.5B | 2.1B | 2.8B | 2.5B | 2.6B | 1.4B | |
Treasury Stock | (2.2B) | (2.4B) | (2.5B) | (2.7B) | (2.4B) | (2.3B) | |
Property Plant Equipment | 1.2B | 1.3B | 1.5B | 1.5B | 1.4B | 966.8M | |
Current Deferred Revenue | 12.6M | 18.9M | 24.7M | 22.2M | 18.1M | 17.2M | |
Good Will | 930.8M | 1.1B | 1.9B | 1.9B | 2.0B | 1.2B | |
Net Tangible Assets | 678.4M | 744.5M | (868.5M) | (55.5M) | (50.0M) | (47.5M) | |
Retained Earnings Total Equity | 3.0B | 3.3B | 3.9B | 4.4B | 5.1B | 2.9B | |
Long Term Debt Total | 1.5B | 2.1B | 2.8B | 2.5B | 2.9B | 1.5B | |
Capital Surpluse | 874M | 862.1M | 862.3M | 879.3M | 1.0B | 920.9M | |
Short Long Term Debt | 440.2M | 64.7M | 318.8M | 598.6M | 622.2M | 340.1M |
Pair Trading with Avery Dennison
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 Avery Dennison 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 Avery Dennison will appreciate offsetting losses from the drop in the long position's value.Moving together with Avery Stock
0.61 | GEF | Greif Bros Financial Report 5th of June 2024 | PairCorr |
Moving against Avery Stock
0.71 | DSHK | Drive Shack | PairCorr |
0.58 | JL | J Long Group | PairCorr |
0.54 | TUP | Tupperware Brands Earnings Call This Week | PairCorr |
0.51 | CCK | Crown Holdings Earnings Call This Week | PairCorr |
0.51 | BERY | Berry Global Group Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison 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 Avery Dennison - 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 Avery Dennison Corp to buy it.
The correlation of Avery Dennison 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 Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison Corp 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 Avery Dennison 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 Avery Dennison Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Avery Dennison's price analysis, check to measure Avery Dennison'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 Avery Dennison is operating at the current time. Most of Avery Dennison's value examination focuses on studying past and present price action to predict the probability of Avery Dennison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avery Dennison's price. Additionally, you may evaluate how the addition of Avery Dennison to your portfolios can decrease your overall portfolio volatility.
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Is Avery Dennison's 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 Avery Dennison. If investors know Avery 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 Avery Dennison listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.176 | Dividend Share 3.18 | Earnings Share 6.19 | Revenue Per Share 103.647 | Quarterly Revenue Growth 0.042 |
The market value of Avery Dennison Corp is measured differently than its book value, which is the value of Avery that is recorded on the company's balance sheet. Investors also form their own opinion of Avery Dennison's value that differs from its market value or its book value, called intrinsic value, which is Avery Dennison's 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 Avery Dennison's market value can be influenced by many factors that don't directly affect Avery Dennison's 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 Avery Dennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avery Dennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avery Dennison's 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.