Aeva Property Plant Equipment vs Accounts Payable Analysis
| AEVA Stock | USD 3.42 0.32 10.32% |
Aeva Technologies financial indicator trend analysis is way more than just evaluating Aeva Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aeva Technologies is a good investment. Please check the relationship between Aeva Technologies Property Plant Equipment and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aeva Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Aeva Stock refer to our How to Trade Aeva Stock guide.
Property Plant Equipment vs Accounts Payable
Property Plant Equipment vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aeva Technologies Property Plant Equipment account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Aeva Technologies' Property Plant Equipment and Accounts Payable is 0.91. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Aeva Technologies, assuming nothing else is changed. The correlation between historical values of Aeva Technologies' Property Plant Equipment and Accounts Payable 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 Aeva Technologies are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Property Plant Equipment i.e., Aeva Technologies' Property Plant Equipment and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Property Plant Equipment
Accounts Payable
An accounting item on the balance sheet that represents Aeva Technologies obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Aeva Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Aeva Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aeva 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 Aeva Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Aeva Stock refer to our How to Trade Aeva Stock guide.At present, Aeva Technologies' Issuance Of Capital Stock is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 7.73, whereas Selling General Administrative is forecasted to decline to about 22.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 372K | 3.7M | 8.2M | 8.6M | Net Interest Income | 372K | 3.7M | 8.2M | 8.6M |
Aeva Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Aeva Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aeva Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 1K | 44K | 733K | 14.0M | 11.2M | 11.8M | |
| Total Current Liabilities | 81.8K | 5.7M | 14.3M | 21.8M | 18.4M | 11.2M | |
| Other Liab | 39K | 45K | 1.1M | 90K | 103.5K | 98.3K | |
| Net Tangible Assets | (30.6M) | (52.3M) | 452.0M | 326.4M | 375.4M | 394.1M | |
| Retained Earnings | (1K) | (61.1M) | (163.0M) | (310.3M) | (459.6M) | (436.6M) | |
| Accounts Payable | 713K | 2.1M | 4.4M | 5.2M | 3.6M | 3.0M | |
| Other Assets | 59K | 64K | 859K | 862K | 1.0 | 0.95 | |
| Inventory | 354K | 1.2M | 2.1M | 3.0M | 2.4M | 1.8M | |
| Other Current Assets | 1.3M | 4.3M | 9.1M | 5.5M | 5.1M | 4.7M | |
| Total Current Assets | 25.0 | 31.0M | 458.5M | 335.1M | 229.2M | 198.6M | |
| Property Plant Equipment | 1.6M | 1.6M | 15.4M | 9.7M | 11.2M | 6.6M |
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 Aeva Technologies 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, Aeva Technologies' short interest history, or implied volatility extrapolated from Aeva Technologies options trading.
Pair Trading with Aeva 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 Aeva 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 Aeva Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Aeva Stock
| 0.74 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Aeva Stock
| 0.82 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
| 0.54 | GB | Global Blue Group | PairCorr |
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| 0.47 | VERI | Veritone Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aeva 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 Aeva 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 Aeva 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 Aeva Technologies to buy it.
The correlation of Aeva 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 Aeva Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeva 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 Aeva 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 Aeva Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Aeva Stock refer to our How to Trade Aeva Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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When running Aeva Technologies' price analysis, check to measure Aeva 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 Aeva Technologies is operating at the current time. Most of Aeva Technologies' value examination focuses on studying past and present price action to predict the probability of Aeva Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aeva Technologies' price. Additionally, you may evaluate how the addition of Aeva Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Aeva 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 Aeva Technologies. If investors know Aeva 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 Aeva 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 (3.30) | Revenue Per Share 0.095 | Quarterly Revenue Growth 7.569 | Return On Assets (0.30) | Return On Equity (0.53) |
The market value of Aeva Technologies is measured differently than its book value, which is the value of Aeva that is recorded on the company's balance sheet. Investors also form their own opinion of Aeva Technologies' value that differs from its market value or its book value, called intrinsic value, which is Aeva 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 Aeva Technologies' market value can be influenced by many factors that don't directly affect Aeva 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 Aeva Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aeva Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aeva 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.