Anixa Free Cash Flow vs Asset Turnover Analysis

ANIX Stock  USD 3.23  0.10  3.19%   
Anixa Biosciences financial indicator trend analysis is way more than just evaluating Anixa Biosciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anixa Biosciences is a good investment. Please check the relationship between Anixa Biosciences Free Cash Flow and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anixa Biosciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Anixa Stock please use our How to Invest in Anixa Biosciences guide.

Free Cash Flow vs Asset Turnover

Free Cash Flow vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anixa Biosciences Free Cash Flow account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Anixa Biosciences' Free Cash Flow and Asset Turnover is -0.32. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Anixa Biosciences, assuming nothing else is changed. The correlation between historical values of Anixa Biosciences' Free Cash Flow and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Anixa Biosciences are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Free Cash Flow i.e., Anixa Biosciences' Free Cash Flow and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Anixa Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anixa Biosciences 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 Anixa Biosciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Anixa Stock please use our How to Invest in Anixa Biosciences guide.Selling General Administrative is likely to drop to about 4.2 M in 2024. Enterprise Value Multiple is likely to drop to -8.37 in 2024

Anixa Biosciences fundamental ratios Correlations

0.810.390.980.43-0.53-0.670.53-0.540.990.880.20.520.82-0.290.430.99-0.64-0.34-0.61-0.52-0.320.81-0.32-0.230.64
0.810.620.810.21-0.1-0.680.09-0.540.810.90.00.230.84-0.240.210.82-0.66-0.33-0.39-0.54-0.130.91-0.13-0.260.5
0.390.620.28-0.290.26-0.45-0.150.170.320.470.08-0.030.510.47-0.290.34-0.12-0.470.030.140.470.540.47-0.44-0.05
0.980.810.280.51-0.56-0.650.54-0.671.00.90.130.550.81-0.460.511.0-0.74-0.27-0.63-0.67-0.440.8-0.44-0.150.7
0.430.21-0.290.51-0.480.050.44-0.710.490.30.00.420.08-0.611.00.48-0.710.4-0.53-0.61-0.510.26-0.510.560.92
-0.53-0.10.26-0.56-0.480.29-0.980.39-0.57-0.290.04-0.81-0.240.39-0.48-0.540.370.190.350.370.30.040.310.04-0.35
-0.67-0.68-0.45-0.650.050.29-0.280.36-0.66-0.820.21-0.42-0.920.120.05-0.670.390.850.020.320.34-0.590.340.78-0.15
0.530.09-0.150.540.44-0.98-0.28-0.320.560.27-0.020.820.23-0.290.440.53-0.33-0.22-0.32-0.3-0.22-0.05-0.22-0.060.31
-0.54-0.540.17-0.67-0.710.390.36-0.32-0.62-0.660.33-0.46-0.480.88-0.71-0.620.9-0.090.460.940.74-0.50.74-0.23-0.77
0.990.810.321.00.49-0.57-0.660.56-0.620.890.140.560.81-0.380.491.0-0.7-0.31-0.62-0.6-0.390.8-0.39-0.190.68
0.880.90.470.90.3-0.29-0.820.27-0.660.89-0.120.460.95-0.380.30.9-0.75-0.49-0.44-0.63-0.440.87-0.44-0.370.58
0.20.00.080.130.00.040.21-0.020.330.14-0.12-0.37-0.090.280.00.150.340.3-0.120.250.220.20.220.110.05
0.520.23-0.030.550.42-0.81-0.420.82-0.460.560.46-0.370.39-0.360.420.54-0.54-0.33-0.36-0.42-0.290.07-0.29-0.130.39
0.820.840.510.810.08-0.24-0.920.23-0.480.810.95-0.090.39-0.20.080.82-0.53-0.68-0.25-0.44-0.380.81-0.38-0.620.38
-0.29-0.240.47-0.46-0.610.390.12-0.290.88-0.38-0.380.28-0.36-0.2-0.61-0.380.72-0.250.350.930.76-0.220.76-0.35-0.59
0.430.21-0.290.511.0-0.480.050.44-0.710.490.30.00.420.08-0.610.48-0.710.4-0.53-0.61-0.510.26-0.510.560.92
0.990.820.341.00.48-0.54-0.670.53-0.621.00.90.150.540.82-0.380.48-0.71-0.3-0.62-0.6-0.390.82-0.39-0.190.68
-0.64-0.66-0.12-0.74-0.710.370.39-0.330.9-0.7-0.750.34-0.54-0.530.72-0.71-0.71-0.020.590.870.53-0.60.53-0.23-0.81
-0.34-0.33-0.47-0.270.40.190.85-0.22-0.09-0.31-0.490.3-0.33-0.68-0.250.4-0.3-0.02-0.28-0.120.04-0.20.040.950.26
-0.61-0.390.03-0.63-0.530.350.02-0.320.46-0.62-0.44-0.12-0.36-0.250.35-0.53-0.620.59-0.280.450.26-0.520.26-0.42-0.63
-0.52-0.540.14-0.67-0.610.370.32-0.30.94-0.6-0.630.25-0.42-0.440.93-0.61-0.60.87-0.120.450.66-0.490.66-0.25-0.68
-0.32-0.130.47-0.44-0.510.30.34-0.220.74-0.39-0.440.22-0.29-0.380.76-0.51-0.390.530.040.260.66-0.291.0-0.03-0.55
0.810.910.540.80.260.04-0.59-0.05-0.50.80.870.20.070.81-0.220.260.82-0.6-0.2-0.52-0.49-0.29-0.29-0.170.59
-0.32-0.130.47-0.44-0.510.310.34-0.220.74-0.39-0.440.22-0.29-0.380.76-0.51-0.390.530.040.260.661.0-0.29-0.03-0.55
-0.23-0.26-0.44-0.150.560.040.78-0.06-0.23-0.19-0.370.11-0.13-0.62-0.350.56-0.19-0.230.95-0.42-0.25-0.03-0.17-0.030.4
0.640.5-0.050.70.92-0.35-0.150.31-0.770.680.580.050.390.38-0.590.920.68-0.810.26-0.63-0.68-0.550.59-0.550.4
Click cells to compare fundamentals

Anixa Biosciences Account Relationship Matchups

Anixa Biosciences fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.5M36.3M30.4M25.5M29.4M30.8M
Other Current Liab901.0K1.1M1.7M1.8M2.0M2.1M
Total Current Liabilities1.2M1.3M2.0M2.0M2.3M2.4M
Total Stockholder Equity8.8M35.4M29.0M24.3M28.0M29.4M
Property Plant And Equipment Net54.3K254.0K212K166K149.4K132.1K
Net Debt(6.4M)(28.9M)(12.1M)(740K)(666K)(699.3K)
Retained Earnings(191.8M)(204.8M)(218.4M)(228.2M)(205.4M)(195.1M)
Cash6.4M29.1M12.4M915K1.1M999.6K
Non Current Assets Total84.3K254.0K212K166K190.9K181.4K
Cash And Short Term Investments9.1M35.7M29.7M23.8M27.4M28.8M
Common Stock Shares Outstanding22.2M28.6M30.4M31.0M35.6M37.4M
Liabilities And Stockholders Equity9.5M36.3M30.4M25.5M29.4M30.8M
Other Current Assets2.9M6.9M513K1.2M1.4M897.9K
Other Stockholder Equity200.4M239.9M247.1M252.2M290.1M304.6M
Total Liab1.2M1.5M2.2M2.2M2.5M2.2M
Property Plant And Equipment Gross54.3K254.0K212K166K149.4K132.1K
Total Current Assets9.4M36.0M30.2M25.4M29.2M30.6M
Non Currrent Assets Other910.2K(200.6K)30K(212K)(243.8K)(231.6K)
Net Receivables66.5K2.2K46K270K243K231.6K
Accounts Payable232.4K136.2K265K206K185.4K176.1K
Non Current Liabilities Total287.6K220.1K175K123K141.5K134.4K
Common Stock Total Equity189.1K203.3K242.5K309K278.1K264.2K
Short Term Investments2.6M6.6M17.3M22.9M26.4M27.7M
Common Stock242.5K300.5K309K311K279.9K265.9K
Property Plant Equipment200.6K54.3K254.0K212K243.8K256.0K
Net Tangible Assets5.2M8.8M35.4M29.0M33.4M35.1M
Noncontrolling Interest In Consolidated Entity(251.4K)(423.0K)(497.0K)(847K)(762.3K)(724.2K)
Retained Earnings Total Equity(170.2M)(181.8M)(191.8M)(218.4M)(196.5M)(206.4M)
Capital Surpluse175.4M186.8M200.4M247.1M284.2M181.1M

Pair Trading with Anixa Biosciences

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 Anixa Biosciences 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 Anixa Biosciences will appreciate offsetting losses from the drop in the long position's value.

Moving together with Anixa Stock

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Moving against Anixa Stock

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The ability to find closely correlated positions to Anixa Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anixa Biosciences 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 Anixa Biosciences - 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 Anixa Biosciences to buy it.
The correlation of Anixa Biosciences 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 Anixa Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anixa Biosciences 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 Anixa Biosciences 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.
Pair CorrelationCorrelation Matching
When determining whether Anixa Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Anixa Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Anixa Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Anixa Biosciences Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anixa Biosciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Anixa Stock please use our How to Invest in Anixa Biosciences guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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Is Anixa Biosciences' 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 Anixa Biosciences. If investors know Anixa 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 Anixa Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.34)
Revenue Per Share
0.007
Return On Assets
(0.28)
Return On Equity
(0.43)
The market value of Anixa Biosciences is measured differently than its book value, which is the value of Anixa that is recorded on the company's balance sheet. Investors also form their own opinion of Anixa Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Anixa Biosciences' 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 Anixa Biosciences' market value can be influenced by many factors that don't directly affect Anixa Biosciences' 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 Anixa Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Anixa Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anixa Biosciences' 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.