AudioEye Gross Profit Margin vs Total Current Assets Analysis
AEYE Stock | USD 14.29 0.56 3.77% |
AudioEye financial indicator trend analysis is way more than just evaluating AudioEye prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AudioEye is a good investment. Please check the relationship between AudioEye Gross Profit Margin and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioEye. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.
Gross Profit Margin vs Total Current Assets
Gross Profit Margin vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AudioEye Gross Profit Margin account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AudioEye's Gross Profit Margin and Total Current Assets is 0.53. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of AudioEye, assuming nothing else is changed. The correlation between historical values of AudioEye's Gross Profit Margin and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of AudioEye are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Gross Profit Margin i.e., AudioEye's Gross Profit Margin and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Gross Profit Margin
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from AudioEye's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AudioEye 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 AudioEye. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.The current year's Enterprise Value is expected to grow to about 220.6 M, whereas Selling General Administrative is forecasted to decline to about 7.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 33.9M | 33.1M | 29.9M | 31.4M | Cost Of Revenue | 6.1M | 7.2M | 7.0M | 7.3M |
AudioEye fundamental ratios Correlations
Click cells to compare fundamentals
AudioEye Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AudioEye fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 8.1M | 9.3M | 11.0M | 11.5M | 11.8M | 6.1M | |
Total Assets | 9.2M | 18.3M | 29.3M | 24.4M | 25.5M | 26.8M | |
Short Long Term Debt Total | 968.5K | 2.0M | 967K | 1.3M | 7.5M | 7.8M | |
Other Current Liab | 120.4K | 8.2M | 134K | 979K | 2.4M | 1.7M | |
Total Current Liabilities | 6.7M | 9.0M | 11.2M | 11.1M | 11.5M | 12.1M | |
Total Stockholder Equity | 1.6M | 7.6M | 17.6M | 10.6M | 6.7M | 5.4M | |
Property Plant And Equipment Net | 982.8K | 708K | 1.0M | 1.3M | 829K | 502.7K | |
Current Deferred Revenue | 5.4M | 6.3M | 7.1M | 7.1M | 6.5M | 3.7M | |
Net Debt | (1.0M) | (7.1M) | (18.0M) | (5.6M) | (1.8M) | (1.9M) | |
Retained Earnings | (49.9M) | (57.1M) | (71.3M) | (82.5M) | (89.5M) | (85.0M) | |
Accounts Payable | 972.7K | 2.2M | 3.5M | 2.5M | 2.3M | 1.3M | |
Cash | 2.0M | 9.1M | 19.0M | 6.9M | 9.2M | 5.1M | |
Non Current Assets Total | 3.5M | 3.6M | 4.5M | 11.5M | 10.7M | 11.3M | |
Cash And Short Term Investments | 2.0M | 9.1M | 19.0M | 6.9M | 9.2M | 5.1M | |
Net Receivables | 3.1M | 5.1M | 5.3M | 5.4M | 4.8M | 5.1M | |
Common Stock Total Equity | 1.6K | 76.0 | 89.0 | 1K | 1.2K | 763.7 | |
Liabilities And Stockholders Equity | 9.2M | 18.3M | 29.3M | 24.4M | 25.5M | 26.8M | |
Non Current Liabilities Total | 860.2K | 1.6M | 500K | 2.8M | 7.3M | 7.6M | |
Other Stockholder Equity | 51.5M | 64.7M | 88.9M | 93.1M | 96.2M | 50.9M | |
Total Liab | 7.6M | 10.6M | 11.7M | 13.8M | 18.8M | 19.7M | |
Property Plant And Equipment Gross | 156.2K | 708K | 1.2M | 1.6M | 1.1M | 1.1M | |
Total Current Assets | 5.6M | 14.6M | 24.8M | 13.0M | 14.8M | 7.8M | |
Short Term Debt | 261.5K | 497K | 472K | 506K | 319K | 240.0K | |
Common Stock | 1.6K | 76.0 | 89.0 | 1K | 1.2K | 815.44 | |
Inventory | 182.7K | 152K | 103K | 49K | 1.0 | 0.95 | |
Other Current Assets | 335.6K | 288K | 451K | 595K | 692K | 381.4K | |
Property Plant Equipment | 983K | 91K | 1.0M | 161K | 185.2K | 295.7K | |
Net Tangible Assets | (851K) | 4.8M | 14.3M | 547K | 629.1K | 597.6K | |
Capital Surpluse | 48.0M | 51.5M | 64.7M | 93.1M | 107.0M | 112.4M | |
Intangible Assets | 1.7M | 2.1M | 2.6M | 6.0M | 5.8M | 3.4M | |
Other Liab | 153K | 83K | 5K | 2.0M | 2.3M | 2.4M | |
Non Currrent Assets Other | 144.9K | 77K | 129K | 105K | 126K | 119.7K |
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 AudioEye 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, AudioEye's short interest history, or implied volatility extrapolated from AudioEye options trading.
Pair Trading with AudioEye
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 AudioEye 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 AudioEye will appreciate offsetting losses from the drop in the long position's value.Moving against AudioEye Stock
0.92 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
0.88 | U | Unity Software Aggressive Push | PairCorr |
0.85 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
0.82 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.82 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to AudioEye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioEye 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 AudioEye - 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 AudioEye to buy it.
The correlation of AudioEye 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 AudioEye moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AudioEye 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 AudioEye 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 AudioEye. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running AudioEye's price analysis, check to measure AudioEye'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 AudioEye is operating at the current time. Most of AudioEye's value examination focuses on studying past and present price action to predict the probability of AudioEye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AudioEye's price. Additionally, you may evaluate how the addition of AudioEye to your portfolios can decrease your overall portfolio volatility.
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Is AudioEye'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 AudioEye. If investors know AudioEye 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 AudioEye listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 2.684 | Quarterly Revenue Growth 0.04 | Return On Assets (0.1) | Return On Equity (0.65) |
The market value of AudioEye is measured differently than its book value, which is the value of AudioEye that is recorded on the company's balance sheet. Investors also form their own opinion of AudioEye's value that differs from its market value or its book value, called intrinsic value, which is AudioEye'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 AudioEye's market value can be influenced by many factors that don't directly affect AudioEye'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 AudioEye's value and its price as these two are different measures arrived at by different means. Investors typically determine if AudioEye is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AudioEye'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.