Adynxx Current Assets from 2010 to 2023

Summary

ADYXDelisted Stock

USD 0.0001 0.00 0.00%

Adynxx Current Assets yearly trend continues to be fairly stable with very little volatility. Current Assets are likely to outpace its year average in 2023. During the period from 2010 to 2023, Adynxx Current Assets regression line of anual values had slope of(464,473) and arithmetic mean of 7,060,570. Adynxx Cost of Revenue is fairly stable at the moment as compared to the past year. Adynxx reported Cost of Revenue of 1.98 Million in 2022. Gross Profit is likely to rise to about 585.4 K in 2023, whereas Consolidated Income is likely to drop (8.2 M) in 2023.

Check Adynxx financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Adynxx main balance sheet or income statement drivers, such as Cost of Revenue of 2.8 M, Gross Profit of 585.4 K or Interest Expense of 3.2 M, as well as many exotic indicators such as Asset Turnover of 0.16, Current Ratio of 0.18 or Enterprise Value over EBITDA of 0.33. Adynxx financial statements analysis is a perfect complement when working with Adynxx Valuation or Volatility modules. It can also supplement various Adynxx Technical models . Check out Trending Equities to better understand how to build diversified portfolios.

Adynxx Current Assets Breakdown

Showing smoothed Current Assets of Adynxx Inc with missing and latest data points interpolated. Current assets of Adynxx Inc include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Adynxx. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.Adynxx's Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Adynxx's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 4.04 M

10 Years Trend

Pretty Stable

Compare to Others All Fundamentals

Current Assets

Timeline

Adynxx Current Assets Regression Statistics

	Arithmetic Mean	7,060,570
	Geometric Mean	3,291,574
	Coefficient Of Variation	132.72
	Mean Deviation	7,014,064
	Median	2,244,800
	Standard Deviation	9,370,872
	Range	32,068,092
	R-Value	(0.21)
	R-Squared	0.042993
	Significance	0.48
	Slope	(464,473)

Adynxx Current Assets History

	2023	2.3 M
	2022	2.2 M
	2018	2 M
	2017	7.5 M
	2016	11.8 M
	2015	32.7 M
	2014	19.6 M
	2013	12.8 M
	2012	882.2 K

About Adynxx Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Adynxx income statement, its balance sheet, and the statement of cash flows. Adynxx investors use historical funamental indicators, such as Adynxx's Current Assets, to determine how well the company is positioned to perform in the future. Although Adynxx investors may use each financial statement separately, they are all related. The changes in Adynxx's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Adynxx's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Adynxx Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Adynxx. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for 2023
Current Assets	2.2 M	2.3 M
Average Assets	17.2 M	17.7 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Adynxx without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Adynxx

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 Adynxx 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 Adynxx will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Adynxx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adynxx 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 Adynxx - 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 Adynxx Inc to buy it.

The correlation of Adynxx is a statistical measure of how it moves in relation to other equities. 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 Adynxx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adynxx Inc 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 Adynxx 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

Check out Trending Equities to better understand how to build diversified portfolios. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Consideration for investing in Adynxx Pink Sheet

If you are still planning to invest in Adynxx Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Adynxx's history and understand the potential risks before investing.

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