Avino Free Cash Flow vs Invested Capital Average Analysis

ASM
 Stock
  

USD 0.61  0.01  1.61%   

Avino Silver financial indicator trend analysis is way more than just evaluating Avino Silver Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avino Silver Gold is a good investment. Please check the relationship between Avino Silver Free Cash Flow and its Invested Capital Average accounts. Please continue to Trending Equities.

Free Cash Flow vs Invested Capital Average

Free Cash Flow vs Invested Capital Average Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Free Cash Flow account and Invested Capital Average. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Avino Silver's Free Cash Flow and Invested Capital Average is -0.06. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Invested Capital Average in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Free Cash Flow and Invested Capital Average 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 Avino Silver Gold are associated (or correlated) with its Invested Capital Average. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital Average has no effect on the direction of Free Cash Flow i.e., Avino Silver's Free Cash Flow and Invested Capital Average go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus Capital Expenditure.

Invested Capital Average

Average invested capital value for the period used in the calculation of [ROIC]; and derived from [InvCap]. Invested capital is an input into the calculation of [ROIC]; and is calculated as: Total Debt plus Total Assets minus [Intangibles] minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.
Most indicators from Avino Silver fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver Gold 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. Please continue to Trending Equities.Avino Silver Net Cash Flow Investment Acquisitions and Disposals is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow Investment Acquisitions and Disposals is estimated at 96,781.58. Enterprise Value over EBITDA is expected to hike to 170.51 this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (3.1 M).
 2019 2020 2021 2022 (projected)
Revenues USD24.23 M12.57 M8.77 M9 M
Revenues31.75 M16.02 M11.23 M11.52 M

Avino Silver fundamental ratios Correlations

0.870.970.350.640.570.66-0.290.950.870.48-0.70.290.760.810.720.850.950.750.880.26
0.870.730.680.440.450.4-0.560.920.670.75-0.650.50.490.630.420.650.690.440.730.05
0.970.730.140.680.580.72-0.130.870.890.29-0.660.150.830.830.810.871.00.830.870.35
0.350.680.14-0.24-0.18-0.27-0.930.570.090.51-0.50.77-0.26-0.01-0.330.160.09-0.220.23-0.43
0.640.440.68-0.240.960.970.340.390.60.36-0.09-0.260.940.920.90.590.710.790.560.56
0.570.450.58-0.180.960.850.350.340.460.5-0.1-0.110.840.880.780.470.590.640.580.46
0.660.40.72-0.270.970.850.30.40.670.22-0.07-0.360.960.890.940.640.760.860.510.6
-0.29-0.56-0.13-0.930.340.350.3-0.51-0.15-0.220.47-0.620.30.130.33-0.13-0.090.14-0.110.37
0.950.920.870.570.390.340.4-0.510.770.5-0.820.510.520.620.470.770.840.530.850.03
0.870.670.890.090.60.460.67-0.150.770.21-0.60.030.770.720.780.810.90.840.760.33
0.480.750.290.510.360.50.22-0.220.50.21-0.230.40.280.460.190.290.260.070.430.01
-0.7-0.65-0.66-0.5-0.09-0.1-0.070.47-0.82-0.6-0.23-0.74-0.22-0.33-0.17-0.56-0.6-0.23-0.840.35
0.290.50.150.77-0.26-0.11-0.36-0.620.510.030.4-0.74-0.270.02-0.380.210.07-0.330.48-0.58
0.760.490.83-0.260.940.840.960.30.520.770.28-0.22-0.270.920.990.730.860.920.650.64
0.810.630.83-0.010.920.880.890.130.620.720.46-0.330.020.920.850.820.840.790.740.53
0.720.420.81-0.330.90.780.940.330.470.780.19-0.17-0.380.990.850.670.840.940.590.66
0.850.650.870.160.590.470.64-0.130.770.810.29-0.560.210.730.820.670.860.690.750.4
0.950.691.00.090.710.590.76-0.090.840.90.26-0.60.070.860.840.840.860.870.840.4
0.750.440.83-0.220.790.640.860.140.530.840.07-0.23-0.330.920.790.940.690.870.570.7
0.880.730.870.230.560.580.51-0.110.850.760.43-0.840.480.650.740.590.750.840.570.04
0.260.050.35-0.430.560.460.60.370.030.330.010.35-0.580.640.530.660.40.40.70.04
Click cells to compare fundamentals

Avino Silver Account Relationship Matchups

Avino Silver fundamental ratios Accounts

201720182019202020212022 (projected)
Accumulated Other Comprehensive Income(4.07 M)(6.12 M)(4.56 M)(4.81 M)(4.97 M)(5.36 M)
Total Assets102.83 M108.59 M72.57 M68.78 M86.28 M84.6 M
Current Assets26.59 M22.95 M22.77 M19.7 M35.48 M29.82 M
Assets Non Current76.24 M85.64 M49.8 M49.08 M50.8 M54.78 M
Cash and Equivalents3.42 M3.25 M9.62 M11.71 M24.77 M26.72 M
Cash and Equivalents USD2.69 M2.41 M7.35 M9.19 M19.35 M20.88 M
Total Debt12.26 M9.65 M7.32 M3.07 M1.07 M1.1 M
Debt Current5.96 M2.48 M4.28 M2.79 M389 K399.24 K
Debt Non Current6.3 M7.16 M3.04 M278 K680 K697.89 K
Total Debt USD9.63 M7.15 M5.59 M2.41 M835.16 K857.13 K
Shareholders Equity69 M75.17 M53.92 M59.01 M78.51 M70.24 M
Shareholders Equity USD54.21 M55.68 M41.16 M46.28 M61.33 M55.34 M
Inventory9.1 M9.23 M5.59 M1.66 M5.18 M5.49 M
Investments1.75 M10 K4.31 M4.18 M3.94 M3.41 M
Investments Non Current748 K10 K4.31 M4.18 M3.94 M4.25 M
Total Liabilities33.83 M33.42 M18.65 M9.77 M7.77 M7.98 M
Current Liabilities10.19 M9.84 M9.56 M5.02 M3.84 M5.78 M
Liabilities Non Current23.64 M23.58 M9.09 M4.75 M3.93 M4.03 M
Trade and Non Trade Payables3.7 M6.04 M5.06 M2.22 M3.42 M3.67 M
Property Plant and Equipment Net75.5 M85.52 M45.48 M44.9 M46.73 M51.87 M
Trade and Non Trade Receivables4.63 M4.09 M1.48 M529 K1.21 M1.84 M
Accumulated Retained Earnings Deficit(18.88 M)(16.5 M)(47.2 M)(54.34 M)(55.95 M)(57.43 M)
Tax Assets6.37 M5.34 M5.48 M5.04 M3.36 M3.55 M
Tax Liabilities5.07 M4.07 M2.98 M1.38 M1.81 M2.6 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avino Silver without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Portfolio Holdings

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Pair Trading with Avino Silver

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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avino Silver

0.65ARCHArch Resources Normal TradingPairCorr
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver is a statistical measure of how it moves in relation to other equities. 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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
Please continue to Trending Equities. Note that the Avino Silver Gold information on this page should be used as a complementary analysis to other Avino Silver's 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Avino Silver Gold price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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Is Avino Silver'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 Avino Silver. If investors know Avino 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 Avino Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
72.8 M
Quarterly Revenue Growth YOY
380.03
Return On Assets
0.0508
Return On Equity
0.0613
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver'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 Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver'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 Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine Avino Silver value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver'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.