Avis Net Invested Capital from 2010 to 2024
| CAR Stock | USD 102.09 0.44 0.43% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 23.4 B | Current Value 24.6 B | Quarterly Volatility 6.6 B |
Check Avis Budget financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avis main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.6 B, Interest Expense of 1.1 B or Selling General Administrative of 1.2 B, as well as many exotic indicators such as Price To Sales Ratio of 0.34, Dividend Yield of 0.0571 or Days Sales Outstanding of 58.4. Avis financial statements analysis is a perfect complement when working with Avis Budget Valuation or Volatility modules.
Avis | Net Invested Capital |
Latest Avis Budget's Net Invested Capital Growth Pattern
Below is the plot of the Net Invested Capital of Avis Budget Group over the last few years. It is the total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents. Avis Budget's Net Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avis Budget's overall financial position and show how it may be relating to other accounts over time.
| Net Invested Capital | 10 Years Trend |
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Net Invested Capital |
| Timeline |
Avis Net Invested Capital Regression Statistics
| Arithmetic Mean | 12,965,436,667 | |
| Geometric Mean | 9,029,841,180 | |
| Coefficient Of Variation | 51.19 | |
| Mean Deviation | 3,854,308,000 | |
| Median | 13,393,000,000 | |
| Standard Deviation | 6,637,196,789 | |
| Sample Variance | 44052381.2T | |
| Range | 25.3B | |
| R-Value | 0.02 | |
| Mean Square Error | 47411375.3T | |
| R-Squared | 0.0006 | |
| Significance | 0.93 | |
| Slope | 37,103,036 | |
| Total Sum of Squares | 616733337T |
Avis Net Invested Capital History
About Avis Budget Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Avis Budget income statement, its balance sheet, and the statement of cash flows. Avis Budget investors use historical funamental indicators, such as Avis Budget's Net Invested Capital, to determine how well the company is positioned to perform in the future. Although Avis Budget investors may use each financial statement separately, they are all related. The changes in Avis Budget's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avis Budget'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 Avis Budget Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avis Budget. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Invested Capital | 23.4 B | 24.6 B |
Avis Budget Investors Sentiment
The influence of Avis Budget's 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 Avis. 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 Avis Budget's public news can be used to forecast risks associated with an investment in Avis. The trend in average sentiment can be used to explain how an investor holding Avis can time the market purely based on public headlines and social activities around Avis Budget Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Avis Budget's 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 Avis Budget's 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 Avis Budget's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avis Budget.
Avis Budget Implied Volatility | 71.74 |
Avis Budget's implied volatility exposes the market's sentiment of Avis Budget Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Avis Budget's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Avis Budget stock will not fluctuate a lot when Avis Budget's options are near their expiration.
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 Avis Budget 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, Avis Budget's short interest history, or implied volatility extrapolated from Avis Budget options trading.
Pair Trading with Avis Budget
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 Avis Budget 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 Avis Budget will appreciate offsetting losses from the drop in the long position's value.Moving together with Avis Stock
| 0.81 | VSTS | Vestis | PairCorr |
Moving against Avis Stock
| 0.58 | URI | United Rentals Earnings Call This Week | PairCorr |
| 0.57 | GATX | GATX Earnings Call Today | PairCorr |
| 0.57 | TGH-PA | Textainer Group Holdings Earnings Call This Week | PairCorr |
| 0.51 | AER | AerCap Holdings NV Financial Report 7th of May 2024 | PairCorr |
| 0.51 | FTAI | Fortress Transp Infra Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Avis Budget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avis Budget 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 Avis Budget - 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 Avis Budget Group to buy it.
The correlation of Avis Budget 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 Avis Budget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avis Budget Group 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 Avis Budget 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 Avis Budget Correlation against competitors. Note that the Avis Budget Group information on this page should be used as a complementary analysis to other Avis Budget'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Avis Stock analysis
When running Avis Budget's price analysis, check to measure Avis Budget'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 Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.
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Is Avis Budget'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 Avis Budget. If investors know Avis 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 Avis Budget 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 (0.29) | Earnings Share 42.08 | Revenue Per Share 313.525 | Quarterly Revenue Growth (0) | Return On Assets 0.0636 |
The market value of Avis Budget Group is measured differently than its book value, which is the value of Avis that is recorded on the company's balance sheet. Investors also form their own opinion of Avis Budget's value that differs from its market value or its book value, called intrinsic value, which is Avis Budget'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 Avis Budget's market value can be influenced by many factors that don't directly affect Avis Budget'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 Avis Budget's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avis Budget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avis Budget'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.