Avantax Financial Statements From 2010 to 2024
| AVTADelisted Stock | 25.99 0.00 0.00% |
Check Avantax financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avantax main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Avantax financial statements analysis is a perfect complement when working with Avantax Valuation or Volatility modules.
Avantax |
Avantax Company Current Valuation Analysis
Avantax's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Avantax Current Valuation | 1.16 B |
Most of Avantax's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avantax is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
CompetitionIn accordance with the recently published financial statements, Avantax has a Current Valuation of 1.16 B. This is 96.46% lower than that of the Capital Markets sector and 84.48% lower than that of the Financials industry. The current valuation for all United States stocks is 93.01% higher than that of the company.
Avantax Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Avantax's current stock value. Our valuation model uses many indicators to compare Avantax value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Avantax competition to find correlations between indicators driving Avantax's intrinsic value. More Info.Avantax is rated fifth in return on equity category among related companies. It is rated fifth in return on asset category among related companies reporting about 46.17 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Avantax by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Avantax's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Avantax's earnings, one of the primary drivers of an investment's value.About Avantax Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Avantax income statement, its balance sheet, and the statement of cash flows. Avantax investors use historical funamental indicators, such as Avantax's revenue or net income, to determine how well the company is positioned to perform in the future. Although Avantax investors may use each financial statement separately, they are all related. The changes in Avantax's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avantax'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 Avantax Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avantax. Please read more on our technical analysis and fundamental analysis pages.
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 Avantax 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, Avantax's short interest history, or implied volatility extrapolated from Avantax options trading.
Pair Trading with Avantax
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 Avantax 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 Avantax will appreciate offsetting losses from the drop in the long position's value.Moving together with Avantax Stock
| 0.74 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.65 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.66 | GE | GE Aerospace Earnings Call Today | PairCorr |
Moving against Avantax Stock
| 0.75 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.52 | BA | Boeing Earnings Call Tomorrow | PairCorr |
| 0.51 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.49 | INTC | Intel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Avantax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avantax 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 Avantax - 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 Avantax to buy it.
The correlation of Avantax 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 Avantax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantax 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 Avantax 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Other Consideration for investing in Avantax Stock
If you are still planning to invest in Avantax 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 Avantax's history and understand the potential risks before investing.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Stocks Directory Find actively traded stocks across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |