AvidXchange Return on Average Assets from 2010 to 2024
| AVDX Stock | USD 11.36 0.03 0.26% |
Check AvidXchange Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AvidXchange main balance sheet or income statement drivers, such as Interest Expense of 11.2 M, Tax Provision of 475.6 K or Net Interest Income of 3.7 M, as well as many exotic indicators such as Price To Sales Ratio of 6.24, Dividend Yield of 0.0023 or PTB Ratio of 3.62. AvidXchange financial statements analysis is a perfect complement when working with AvidXchange Holdings Valuation or Volatility modules.
AvidXchange | Return on Average Assets |
About AvidXchange Holdings Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include AvidXchange Holdings income statement, its balance sheet, and the statement of cash flows. AvidXchange Holdings investors use historical funamental indicators, such as AvidXchange Holdings's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although AvidXchange Holdings investors may use each financial statement separately, they are all related. The changes in AvidXchange Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AvidXchange Holdings'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 AvidXchange Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AvidXchange Holdings. Please read more on our technical analysis and fundamental analysis pages.
AvidXchange Holdings, Inc. provides accounts payable automation software and payment solutions for middle market businesses and their suppliers in North America. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina. Avidxchange Holdings operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 1600 people.
AvidXchange Holdings Investors Sentiment
The influence of AvidXchange Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AvidXchange. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to AvidXchange Holdings' public news can be used to forecast risks associated with an investment in AvidXchange. The trend in average sentiment can be used to explain how an investor holding AvidXchange can time the market purely based on public headlines and social activities around AvidXchange Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AvidXchange Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AvidXchange Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AvidXchange Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on AvidXchange Holdings.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AvidXchange Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AvidXchange Holdings' short interest history, or implied volatility extrapolated from AvidXchange Holdings options trading.
Pair Trading with AvidXchange Holdings
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 AvidXchange Holdings 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 AvidXchange Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against AvidXchange Stock
| 0.58 | VRSN | VeriSign Earnings Call This Week | PairCorr |
| 0.5 | BB | BlackBerry Financial Report 26th of June 2024 | PairCorr |
| 0.41 | JG | Aurora Mobile | PairCorr |
The ability to find closely correlated positions to AvidXchange Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AvidXchange Holdings 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 AvidXchange Holdings - 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 AvidXchange Holdings to buy it.
The correlation of AvidXchange Holdings 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 AvidXchange Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AvidXchange Holdings 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 AvidXchange Holdings 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 AvidXchange Holdings Correlation against competitors. For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.Note that the AvidXchange Holdings information on this page should be used as a complementary analysis to other AvidXchange Holdings' 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for AvidXchange Stock analysis
When running AvidXchange Holdings' price analysis, check to measure AvidXchange Holdings' 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 AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.
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Is AvidXchange Holdings' 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 AvidXchange Holdings. If investors know AvidXchange 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 AvidXchange Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 1.886 | Quarterly Revenue Growth 0.208 | Return On Assets (0.01) | Return On Equity (0.07) |
The market value of AvidXchange Holdings is measured differently than its book value, which is the value of AvidXchange that is recorded on the company's balance sheet. Investors also form their own opinion of AvidXchange Holdings' value that differs from its market value or its book value, called intrinsic value, which is AvidXchange Holdings' 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 AvidXchange Holdings' market value can be influenced by many factors that don't directly affect AvidXchange Holdings' 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 AvidXchange Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if AvidXchange Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AvidXchange Holdings' 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.