Avricore Financial Statements From 2010 to 2024
AVCR Stock | CAD 0.13 0.01 7.14% |
Gross Profit 30.5 K | Profit Margin (0.32) | Market Capitalization 13 M | Enterprise Value Revenue 3.8919 | Revenue 3.1 M |
Check Avricore Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avricore main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 1.3 M or Total Revenue of 3.3 M, as well as many exotic indicators such as Price To Sales Ratio of 14.9, Dividend Yield of 0.0 or Operating Cycle of 136. Avricore financial statements analysis is a perfect complement when working with Avricore Health Valuation or Volatility modules.
Avricore | Select Account or Indicator |
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Avricore Health Income Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Avricore Health Cash Flow Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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About Avricore Health Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Avricore Health income statement, its balance sheet, and the statement of cash flows. Avricore Health investors use historical funamental indicators, such as Avricore Health's revenue or net income, to determine how well the company is positioned to perform in the future. Although Avricore Health investors may use each financial statement separately, they are all related. The changes in Avricore Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avricore Health'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 Avricore Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avricore Health. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for 2024 | ||
Total Revenue | 3.1 M | 3.3 M | |
Cost Of Revenue | 2.2 M | 2.3 M | |
Ebit Per Revenue | (0.53) | (0.55) |
Pair Trading with Avricore Health
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 Avricore Health 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 Avricore Health will appreciate offsetting losses from the drop in the long position's value.Moving against Avricore Stock
0.72 | OGI | OrganiGram Holdings | PairCorr |
0.69 | DRT | DIRTT Environmental | PairCorr |
0.66 | WMT | Walmart Inc CDR | PairCorr |
0.61 | DR | Medical Facilities | PairCorr |
0.61 | BET | NorthStar Gaming Holdings | PairCorr |
The ability to find closely correlated positions to Avricore Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avricore Health 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 Avricore Health - 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 Avricore Health to buy it.
The correlation of Avricore Health 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 Avricore Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avricore Health 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 Avricore Health 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 the analysis of Avricore Health Correlation against competitors. Note that the Avricore Health information on this page should be used as a complementary analysis to other Avricore Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Avricore Stock analysis
When running Avricore Health's price analysis, check to measure Avricore Health'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 Avricore Health is operating at the current time. Most of Avricore Health's value examination focuses on studying past and present price action to predict the probability of Avricore Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avricore Health's price. Additionally, you may evaluate how the addition of Avricore Health to your portfolios can decrease your overall portfolio volatility.
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