Airnet Other Current Liab vs Treasury Stock Analysis
| ANTE Stock | USD 1.32 0.03 2.33% |
Airnet Technology financial indicator trend analysis is way more than just evaluating Airnet Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Airnet Technology is a good investment. Please check the relationship between Airnet Technology Other Current Liab and its Treasury Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airnet Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Airnet Stock refer to our How to Trade Airnet Stock guide.
Other Current Liab vs Treasury Stock
Other Current Liab vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Airnet Technology Other Current Liab account and Treasury Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Airnet Technology's Other Current Liab and Treasury Stock is 0.62. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Airnet Technology, assuming nothing else is changed. The correlation between historical values of Airnet Technology's Other Current Liab and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Airnet Technology are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Other Current Liab i.e., Airnet Technology's Other Current Liab and Treasury Stock go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Liab
Treasury Stock
Most indicators from Airnet Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Airnet Technology 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 Airnet Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Airnet Stock refer to our How to Trade Airnet Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 1.90, whereas Selling General Administrative is forecasted to decline to about 6.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 10.9M | 7.2M | 8.3M | 7.9M | Cost Of Revenue | 14.8M | 5.2M | 4.7M | 4.5M |
Airnet Technology fundamental ratios Correlations
Click cells to compare fundamentals
Airnet Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Airnet Technology
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 Airnet Technology 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 Airnet Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Airnet Stock
| 0.77 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
Moving against Airnet Stock
| 0.62 | WMG | Warner Music Group Financial Report 14th of May 2024 | PairCorr |
| 0.58 | CMCSA | Comcast Corp Financial Report 25th of July 2024 | PairCorr |
| 0.57 | BATRA | Atlanta Braves Holdings | PairCorr |
| 0.57 | BATRK | Atlanta Braves Holdings | PairCorr |
| 0.54 | CCO | Clear Channel Outdoor Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Airnet Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airnet Technology 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 Airnet Technology - 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 Airnet Technology to buy it.
The correlation of Airnet Technology 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 Airnet Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airnet Technology 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 Airnet Technology 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 Airnet Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Airnet Stock refer to our How to Trade Airnet Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Airnet Technology's price analysis, check to measure Airnet Technology'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 Airnet Technology is operating at the current time. Most of Airnet Technology's value examination focuses on studying past and present price action to predict the probability of Airnet Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airnet Technology's price. Additionally, you may evaluate how the addition of Airnet Technology to your portfolios can decrease your overall portfolio volatility.
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Is Airnet Technology'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 Airnet Technology. If investors know Airnet 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 Airnet Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.54) | Revenue Per Share 0.146 | Quarterly Revenue Growth (0.78) | Return On Assets (0.05) | Return On Equity (16.31) |
The market value of Airnet Technology is measured differently than its book value, which is the value of Airnet that is recorded on the company's balance sheet. Investors also form their own opinion of Airnet Technology's value that differs from its market value or its book value, called intrinsic value, which is Airnet Technology'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 Airnet Technology's market value can be influenced by many factors that don't directly affect Airnet Technology'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 Airnet Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Airnet Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airnet Technology'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.