Advent Property Plant Equipment vs Long Term Debt Analysis
| ADN Stock | USD 0.15 0.01 6.25% |
Advent Technologies financial indicator trend analysis is way more than just evaluating Advent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advent Technologies is a good investment. Please check the relationship between Advent Technologies Property Plant Equipment and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Property Plant Equipment vs Long Term Debt
Property Plant Equipment vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advent Technologies Property Plant Equipment account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Advent Technologies' Property Plant Equipment and Long Term Debt is 0.95. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Advent Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Advent Technologies' Property Plant Equipment and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Advent Technologies Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Property Plant Equipment i.e., Advent Technologies' Property Plant Equipment and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Property Plant Equipment
Long Term Debt
Long-term debt is a debt that Advent Technologies has held for over one year. Long-term debt appears on Advent Technologies Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Advent Technologies Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Advent Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advent Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. As of the 29th of April 2024, Tax Provision is likely to grow to about 433.6 K, while Selling General Administrative is likely to drop about 25.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 51.2M | 45.8M | 51.8M | 33.2M | Cost Of Revenue | 5.4M | 8.6M | 8.3M | 5.3M |
Advent Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Advent Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advent Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 226.0M | 93.9M | 163.0M | 89.6M | 80.6M | 127.1M | |
| Other Current Liab | 1.3M | (261.5K) | 12.5M | 4.9M | 5.6M | 4.1M | |
| Total Current Liabilities | 1.3M | 3.2M | 18.9M | 13.7M | 15.7M | 8.2M | |
| Total Stockholder Equity | 5.0M | 5.0M | 130.2M | 64.1M | 57.7M | 67.0M | |
| Net Debt | (20.4K) | 2.7M | (79.6M) | (20.8M) | (18.7M) | (19.6M) | |
| Retained Earnings | 3.2M | 2.2M | (33.4M) | (107.8M) | (97.0M) | (92.1M) | |
| Accounts Payable | 25.5K | 349.4K | 4.8M | 4.7M | 5.4M | 5.7M | |
| Cash | 520.4K | 24.9K | 79.8M | 32.9M | 37.8M | 25.1M | |
| Non Current Assets Total | 225.4M | 93.3M | 65.7M | 40.1M | 36.1M | 34.3M | |
| Non Currrent Assets Other | (85.0K) | 91.4M | 2.5M | 6.0M | 5.4M | 5.1M | |
| Cash And Short Term Investments | 520.4K | 24.9K | 79.8M | 32.9M | 37.8M | 25.1M | |
| Net Receivables | 368.4K | 1.0M | 4.8M | 1.0M | 1.2M | 1.7M | |
| Liabilities And Stockholders Equity | 226.0M | 93.9M | 163.0M | 89.6M | 80.6M | 127.1M | |
| Non Current Liabilities Total | 219.7M | 85.7M | 14.0M | 11.8M | 10.6M | 10.1M | |
| Inventory | 32.4K | 107.9K | 7.0M | 12.6M | 14.5M | 15.2M | |
| Other Current Assets | 57.1K | 354.0K | 5.9M | 3.0M | 3.4M | 2.1M | |
| Other Stockholder Equity | 1.8M | 2.7M | 164.9M | 174.5M | 200.7M | 210.7M | |
| Total Liab | 221.0M | 88.9M | 32.8M | 25.4M | 22.9M | 21.8M | |
| Total Current Assets | 577.5K | 582.5K | 97.4M | 49.5M | 56.9M | 32.8M | |
| Common Stock | 672.0 | 701.0 | 5.1K | 5K | 4.5K | 4.3K |
Pair Trading with Advent Technologies
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 Advent Technologies 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 Advent Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Advent Stock
| 0.68 | ELLO | Ellomay Capital | PairCorr |
Moving against Advent Stock
| 0.5 | AY | Atlantica Sustainable Earnings Call This Week | PairCorr |
| 0.47 | FLNC | Fluence Energy Financial Report 8th of May 2024 | PairCorr |
| 0.42 | CWEN | Clearway Energy Class Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Advent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advent Technologies 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 Advent Technologies - 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 Advent Technologies Holdings to buy it.
The correlation of Advent Technologies 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 Advent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advent Technologies 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 Advent Technologies 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, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Advent Technologies information on this page should be used as a complementary analysis to other Advent Technologies' 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Advent Stock analysis
When running Advent Technologies' price analysis, check to measure Advent Technologies' 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 Advent Technologies is operating at the current time. Most of Advent Technologies' value examination focuses on studying past and present price action to predict the probability of Advent Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advent Technologies' price. Additionally, you may evaluate how the addition of Advent Technologies to your portfolios can decrease your overall portfolio volatility.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Advent Technologies' 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 Advent Technologies. If investors know Advent 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 Advent Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.75) | Revenue Per Share 0.098 | Quarterly Revenue Growth (0.47) | Return On Assets (0.33) | Return On Equity (1.33) |
The market value of Advent Technologies is measured differently than its book value, which is the value of Advent that is recorded on the company's balance sheet. Investors also form their own opinion of Advent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Advent Technologies' 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 Advent Technologies' market value can be influenced by many factors that don't directly affect Advent Technologies' 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 Advent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Advent Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advent Technologies' 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.