Avino Gross Profit vs Interest Expense Analysis
ASM Stock | USD 0.74 0.01 1.33% |
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 Gross Profit and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Gross Profit vs Interest Expense
Gross Profit vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Gross Profit account and Interest Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Avino Silver's Gross Profit and Interest Expense is 0.59. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Expense 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 Gross Profit and Interest Expense 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 of Avino Silver Gold are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Gross Profit i.e., Avino Silver's Gross Profit and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Avino Silver Gold minus its cost of goods sold. It is profit before Avino Silver operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Avino Silver's 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. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 19th of April 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, while Tax Provision is likely to drop about 171.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 76K | 372K | 381K | 307.3K | Depreciation And Amortization | 2.1M | 2.2M | 3.0M | 3.2M |
Avino Silver fundamental ratios Correlations
Click cells to compare fundamentals
Avino Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avino Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 72.6M | 68.8M | 86.3M | 121.2M | 129.7M | 136.2M | |
Short Long Term Debt Total | 7.3M | 3.1M | 1.1M | 6.7M | 3.1M | 5.8M | |
Other Current Liab | 178K | 161K | 194K | 1.4M | 289.5K | 567.5K | |
Total Current Liabilities | 9.6M | 5.0M | 3.8M | 16.8M | 13.7M | 14.4M | |
Total Stockholder Equity | 53.9M | 59.0M | 78.5M | 98.0M | 105.5M | 110.7M | |
Property Plant And Equipment Net | 45.5M | 44.9M | 46.7M | 93.9M | 52.8M | 29.4M | |
Net Debt | (2.3M) | (8.6M) | (23.7M) | (4.6M) | 404.9K | 425.2K | |
Retained Earnings | (47.2M) | (54.3M) | (56.0M) | (52.0M) | (51.2M) | (48.6M) | |
Accounts Payable | 4.9M | 2.1M | 3.3M | 9.5M | 11.8M | 12.4M | |
Cash | 9.6M | 11.7M | 24.8M | 11.2M | 2.7M | 2.5M | |
Non Current Assets Total | 49.8M | 49.1M | 50.8M | 95.6M | 106.3M | 111.6M | |
Cash And Short Term Investments | 9.6M | 11.7M | 24.8M | 11.2M | 2.7M | 2.5M | |
Net Receivables | 7.0M | 5.6M | 4.6M | 6.4M | 10.0M | 10.5M | |
Common Stock Shares Outstanding | 70.0M | 83.2M | 100.2M | 117.6M | 125.3M | 131.6M | |
Liabilities And Stockholders Equity | 72.6M | 68.8M | 86.3M | 121.2M | 129.7M | 136.2M | |
Non Current Liabilities Total | 9.1M | 4.8M | 3.9M | 6.4M | 10.5M | 6.2M | |
Other Current Assets | 594K | 757K | 962K | 1.7M | 2.0M | 2.1M | |
Total Liab | 18.6M | 9.8M | 7.8M | 23.2M | 24.2M | 25.5M | |
Property Plant And Equipment Gross | 45.5M | 44.9M | 69.7M | 118.9M | 130.4M | 137.0M | |
Total Current Assets | 22.8M | 19.7M | 35.5M | 25.6M | 23.4M | 11.9M | |
Other Liab | 16.4M | 6.0M | 4.5M | 3.2M | 3.7M | 3.5M | |
Net Tangible Assets | 75.2M | 53.9M | 59.0M | 78.5M | 90.3M | 94.8M | |
Long Term Debt | 5.1M | 6.3M | 2.6M | 195K | 224.3K | 213.0K | |
Common Stock Total Equity | 81.5M | 88.0M | 96.4M | 108.3M | 124.5M | 130.8M | |
Inventory | 5.6M | 1.7M | 5.2M | 6.3M | 8.8M | 9.2M | |
Long Term Investments | 3.2M | 4.2M | 3.9M | 1.7M | 934K | 629.7K | |
Short Long Term Debt | 1.5M | 3.6M | 72K | 4.9M | 164K | 155.8K | |
Accumulated Other Comprehensive Income | 4.8M | 5.1M | 4.6M | 4.6M | 5.8M | 3.9M | |
Short Term Debt | 4.3M | 2.8M | 389K | 5.9M | 1.6M | 1.7M | |
Common Stock | 96.4M | 108.3M | 130.0M | 145.5M | 150.9M | 158.5M | |
Property Plant Equipment | 45.5M | 44.9M | 46.7M | 93.9M | 107.9M | 113.3M | |
Long Term Debt Total | 3.0M | 278K | 680K | 745K | 670.5K | 637.0K | |
Capital Lease Obligations | 1.1M | 486K | 1.1M | 1.7M | 3.1M | 3.2M | |
Net Invested Capital | 56.7M | 59.1M | 78.5M | 102.9M | 106.4M | 88.0M |
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 Avino Silver 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, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.
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 Stock
0.95 | HL | Hecla Mining Financial Report 8th of May 2024 | PairCorr |
0.71 | VOXR | Vox Royalty Corp | PairCorr |
0.97 | EXK | Endeavour Silver Corp Financial Report 8th of May 2024 | PairCorr |
Moving against Avino Stock
0.79 | MPVDF | Mountain Province | PairCorr |
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 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 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Avino Stock analysis
When running Avino Silver's 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 the 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.
Quarterly Earnings Growth (0.60) | Revenue Per Share 0.362 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0015 | Return On Equity 0.0053 |
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 if Avino Silver is a good investment 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.