AeroVironment Net Receivables vs Common Stock Analysis

AVAV Stock

USD 158.09 2.45 1.57%

AeroVironment financial indicator trend analysis is way more than just evaluating AeroVironment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AeroVironment is a good investment. Please check the relationship between AeroVironment Net Receivables and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AeroVironment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AeroVironment Net Receivables account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between AeroVironment's Net Receivables and Common Stock is -0.37. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of AeroVironment, assuming nothing else is changed. The correlation between historical values of AeroVironment's Net Receivables and Common 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 Net Receivables of AeroVironment are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., AeroVironment's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Common Stock

Most indicators from AeroVironment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AeroVironment 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 AeroVironment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.At this time, AeroVironment's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 126.4 M in 2024, whereas Discontinued Operations is likely to drop (320 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	141.2M	173.5M	199.5M	112.6M
Total Revenue	445.7M	540.5M	621.6M	652.7M

Gross Profit Total Revenue

AeroVironment fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.82	0.58	0.7	0.92	0.94	0.85	0.92	0.92	0.64	0.94	0.63	0.57	0.58	0.73	0.37	0.91	0.66	0.77	0.07	0.92	0.9	0.84	0.68	0.94	0.67
Total Stockholder Equity	0.82		0.22	0.89	0.66	0.67	0.72	0.65	0.62	0.57	0.7	0.24	0.27	0.78	0.74	0.6	0.67	0.62	0.7	0.34	0.67	0.63	0.53	0.66	0.7	0.89
Other Assets	0.58	0.22		0.25	0.82	0.66	0.48	0.72	0.79	0.03	0.58	0.84	0.5	-0.26	0.65	-0.04	0.51	0.26	0.27	-0.26	0.74	0.59	0.86	0.3	0.58	0.27
Common Stock Shares Outstanding	0.7	0.89	0.25		0.65	0.49	0.45	0.48	0.54	0.37	0.51	0.17	0.05	0.65	0.75	0.61	0.45	0.4	0.44	0.49	0.58	0.41	0.54	0.5	0.51	0.91
Other Stockholder Equity	0.92	0.66	0.82	0.65		0.88	0.72	0.91	0.96	0.38	0.85	0.8	0.52	0.26	0.79	0.3	0.77	0.54	0.62	0.01	0.95	0.81	0.97	0.56	0.85	0.63
Total Liab	0.94	0.67	0.66	0.49	0.88		0.94	0.96	0.94	0.7	0.99	0.76	0.79	0.35	0.7	0.11	0.97	0.56	0.7	-0.26	0.88	0.99	0.85	0.74	0.99	0.44
Short Long Term Debt Total	0.85	0.72	0.48	0.45	0.72	0.94		0.86	0.8	0.8	0.94	0.6	0.82	0.41	0.66	0.07	0.96	0.52	0.69	-0.32	0.74	0.96	0.68	0.79	0.94	0.42
Other Current Liab	0.92	0.65	0.72	0.48	0.91	0.96	0.86		0.97	0.53	0.94	0.84	0.66	0.32	0.72	0.24	0.89	0.63	0.73	-0.18	0.96	0.92	0.87	0.64	0.94	0.51
Total Current Liabilities	0.92	0.62	0.79	0.54	0.96	0.94	0.8	0.97		0.48	0.91	0.85	0.64	0.24	0.79	0.2	0.85	0.55	0.64	-0.15	0.96	0.88	0.93	0.68	0.91	0.53
Other Liab	0.64	0.57	0.03	0.37	0.38	0.7	0.8	0.53	0.48		0.77	0.21	0.75	0.52	0.32	-0.12	0.83	0.25	0.43	-0.32	0.39	0.77	0.36	0.71	0.77	0.16
Property Plant And Equipment Net	0.94	0.7	0.58	0.51	0.85	0.99	0.94	0.94	0.91	0.77		0.71	0.79	0.44	0.65	0.12	0.99	0.56	0.72	-0.24	0.87	0.98	0.82	0.73	1.0	0.45
Current Deferred Revenue	0.63	0.24	0.84	0.17	0.8	0.76	0.6	0.84	0.85	0.21	0.71		0.6	-0.19	0.59	-0.02	0.63	0.41	0.48	-0.42	0.81	0.7	0.87	0.43	0.71	0.21
Net Debt	0.57	0.27	0.5	0.05	0.52	0.79	0.82	0.66	0.64	0.75	0.79	0.6		-0.01	0.37	-0.49	0.84	0.08	0.32	-0.73	0.51	0.85	0.58	0.62	0.79	-0.1
Retained Earnings	0.58	0.78	-0.26	0.65	0.26	0.35	0.41	0.32	0.24	0.52	0.44	-0.19	-0.01		0.23	0.62	0.44	0.57	0.64	0.57	0.34	0.36	0.1	0.36	0.44	0.65
Accounts Payable	0.73	0.74	0.65	0.75	0.79	0.7	0.66	0.72	0.79	0.32	0.65	0.59	0.37	0.23		0.36	0.6	0.47	0.42	0.03	0.76	0.62	0.74	0.71	0.65	0.74
Cash	0.37	0.6	-0.04	0.61	0.3	0.11	0.07	0.24	0.2	-0.12	0.12	-0.02	-0.49	0.62	0.36		0.04	0.71	0.53	0.81	0.34	0.04	0.13	0.09	0.12	0.81
Non Current Assets Total	0.91	0.67	0.51	0.45	0.77	0.97	0.96	0.89	0.85	0.83	0.99	0.63	0.84	0.44	0.6	0.04		0.5	0.67	-0.3	0.78	0.99	0.74	0.73	0.99	0.36
Non Currrent Assets Other	0.66	0.62	0.26	0.4	0.54	0.56	0.52	0.63	0.55	0.25	0.56	0.41	0.08	0.57	0.47	0.71	0.5		0.86	0.35	0.65	0.53	0.42	0.48	0.56	0.64
Long Term Debt	0.77	0.7	0.27	0.44	0.62	0.7	0.69	0.73	0.64	0.43	0.72	0.48	0.32	0.64	0.42	0.53	0.67	0.86		0.2	0.74	0.69	0.54	0.57	0.72	0.62
Cash And Short Term Investments	0.07	0.34	-0.26	0.49	0.01	-0.26	-0.32	-0.18	-0.15	-0.32	-0.24	-0.42	-0.73	0.57	0.03	0.81	-0.3	0.35	0.2		-0.01	-0.33	-0.15	-0.21	-0.24	0.61
Net Receivables	0.92	0.67	0.74	0.58	0.95	0.88	0.74	0.96	0.96	0.39	0.87	0.81	0.51	0.34	0.76	0.34	0.78	0.65	0.74	-0.01		0.81	0.9	0.62	0.87	0.63
Non Current Liabilities Total	0.9	0.63	0.59	0.41	0.81	0.99	0.96	0.92	0.88	0.77	0.98	0.7	0.85	0.36	0.62	0.04	0.99	0.53	0.69	-0.33	0.81		0.78	0.73	0.98	0.35
Inventory	0.84	0.53	0.86	0.54	0.97	0.85	0.68	0.87	0.93	0.36	0.82	0.87	0.58	0.1	0.74	0.13	0.74	0.42	0.54	-0.15	0.9	0.78		0.52	0.82	0.49
Other Current Assets	0.68	0.66	0.3	0.5	0.56	0.74	0.79	0.64	0.68	0.71	0.73	0.43	0.62	0.36	0.71	0.09	0.73	0.48	0.57	-0.21	0.62	0.73	0.52		0.73	0.46
Property Plant And Equipment Gross	0.94	0.7	0.58	0.51	0.85	0.99	0.94	0.94	0.91	0.77	1.0	0.71	0.79	0.44	0.65	0.12	0.99	0.56	0.72	-0.24	0.87	0.98	0.82	0.73		0.45
Total Current Assets	0.67	0.89	0.27	0.91	0.63	0.44	0.42	0.51	0.53	0.16	0.45	0.21	-0.1	0.65	0.74	0.81	0.36	0.64	0.62	0.61	0.63	0.35	0.49	0.46	0.45

Click cells to compare fundamentals

AeroVironment Account Relationship Matchups

AeroVironment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	585.0M	928.6M	914.2M	824.6M	948.3M	995.7M
Total Stockholder Equity	509.9M	612.1M	608.0M	551.0M	633.6M	345.1M
Other Assets	5.1M	12.5M	9.1M	32.4M	37.3M	39.2M
Common Stock Shares Outstanding	24.1M	24.4M	24.7M	25.0M	28.8M	22.5M
Liabilities And Stockholders Equity	585.0M	928.6M	914.2M	824.6M	948.3M	995.7M
Other Stockholder Equity	181.5M	260.3M	267.2M	384.4M	442.1M	464.2M
Total Liab	75.1M	316.5M	306.0M	273.6M	314.6M	330.4M
Other Current Liab	35.8M	48.0M	56.4M	57.6M	66.2M	69.6M
Total Current Liabilities	67.0M	96.2M	101.4M	121.3M	139.5M	146.5M
Other Liab	1.3M	13.7M	14.0M	5.2M	6.0M	4.8M
Property Plant And Equipment Net	30.5M	81.8M	89.1M	67.2M	77.2M	81.1M
Current Deferred Revenue	7.9M	7.2M	9.0M	16.6M	19.1M	20.1M
Net Debt	(244.9M)	74.0M	139.3M	30.0M	34.5M	36.2M
Retained Earnings	328.1M	351.4M	347.2M	171.0M	196.7M	199.9M
Accounts Payable	19.9M	24.8M	19.2M	31.4M	36.1M	21.0M
Cash	255.1M	148.7M	77.2M	132.9M	152.8M	110.2M
Non Current Assets Total	81.0M	526.9M	545.3M	347.6M	399.7M	419.7M
Non Currrent Assets Other	10.6M	10.4M	1.9M	5.2M	6.0M	6.3M
Cash And Short Term Investments	302.6M	180.7M	101.9M	132.9M	152.8M	177.5M
Net Receivables	149.5M	134.3M	164.8M	193.3M	222.3M	233.4M
Non Current Liabilities Total	8.1M	220.3M	204.6M	152.3M	175.1M	183.9M
Inventory	45.5M	71.6M	90.6M	138.8M	159.6M	167.6M
Other Current Assets	6.2M	15.0M	11.5M	12.0M	13.8M	7.1M
Property Plant And Equipment Gross	30.5M	81.8M	89.1M	67.2M	77.2M	81.1M
Total Current Assets	503.9M	401.6M	368.9M	477.0M	548.6M	331.5M
Accumulated Other Comprehensive Income	328K	343K	(6.5M)	(4.5M)	(5.1M)	(5.4M)
Short Term Debt	3.4M	16.2M	16.8M	15.7M	18.1M	14.9M
Property Plant Equipment	21.7M	81.8M	90.2M	67.2M	77.2M	81.1M
Short Term Investments	113.6M	150.5M	47.5M	32.0M	24.7M	0.0
Net Tangible Assets	496.8M	191.6M	163.4M	347.8M	313.0M	274.8M
Noncontrolling Interest In Consolidated Entity	23K	4K	14K	241K	277.2K	291.0K
Good Will	6.3M	314.2M	334.3M	180.8M	207.9M	218.3M
Retained Earnings Total Equity	328.1M	351.4M	347.2M	171.0M	196.7M	248.5M
Capital Surpluse	181.5M	260.3M	267.2M	384.4M	442.1M	464.2M
Deferred Long Term Liab	1.6M	1.2M	2.6M	1.7M	2.0M	1.5M
Long Term Investments	15.0M	12.2M	15.4M	23.6M	21.3M	27.8M
Non Current Liabilities Other	1.3M	13.7M	2.2M	3.5M	4.0M	3.5M

Pair Trading with AeroVironment

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

Moving together with AeroVironment Stock

0.69

Curtiss Wright Financial Report 1st of May 2024

Pair Corr

Moving against AeroVironment Stock

0.77	EVEX	Eve Holding Financial Report 14th of May 2024	Pair Corr
0.63	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.62	AZ	A2Z Smart Technologies	Pair Corr
0.62	DPRO	Draganfly Financial Report 14th of May 2024	Pair Corr
0.45	CVU	CPI Aerostructures	Pair Corr

The ability to find closely correlated positions to AeroVironment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AeroVironment 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 AeroVironment - 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 AeroVironment to buy it.

The correlation of AeroVironment 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 AeroVironment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AeroVironment 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 AeroVironment 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 Correlation Correlation Matching

When determining whether AeroVironment is a strong investment it is important to analyze AeroVironment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AeroVironment's future performance. For an informed investment choice regarding AeroVironment Stock, refer to the following important reports:

How To Invest In AeroVironment

Details

Is AeroVironment Stock a good investment?

Details

What is AeroVironment's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AeroVironment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.

Note that the AeroVironment information on this page should be used as a complementary analysis to other AeroVironment'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 the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for AeroVironment Stock analysis

When running AeroVironment's price analysis, check to measure AeroVironment'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 AeroVironment is operating at the current time. Most of AeroVironment's value examination focuses on studying past and present price action to predict the probability of AeroVironment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AeroVironment's price. Additionally, you may evaluate how the addition of AeroVironment to your portfolios can decrease your overall portfolio volatility.

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Is AeroVironment'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 AeroVironment. If investors know AeroVironment 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 AeroVironment 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

(0.36)

Earnings Share

(4.43)

Revenue Per Share

26.551

Quarterly Revenue Growth

0.388

Return On Assets

0.068

The market value of AeroVironment is measured differently than its book value, which is the value of AeroVironment that is recorded on the company's balance sheet. Investors also form their own opinion of AeroVironment's value that differs from its market value or its book value, called intrinsic value, which is AeroVironment'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 AeroVironment's market value can be influenced by many factors that don't directly affect AeroVironment'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 AeroVironment's value and its price as these two are different measures arrived at by different means. Investors typically determine if AeroVironment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AeroVironment'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.

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AeroVironment Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

AeroVironment fundamental ratios Correlations

AeroVironment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AeroVironment fundamental ratios Accounts

Pair Trading with AeroVironment

Moving together with AeroVironment Stock

Moving against AeroVironment Stock

Complementary Tools for AeroVironment Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Liab
Non Current Liabilities Total	+ 0.99	Total Liab
Property Plant And Equipment Gross	+ 0.99	Total Liab
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total

Cash And Short Term Investments	- 0.73	Net Debt
Cash	- 0.49	Net Debt
Cash And Short Term Investments	- 0.42	Current Deferred Revenue
Non Current Liabilities Total	- 0.33	Cash And Short Term Investments
Cash And Short Term Investments	- 0.32	Other Liab
Cash And Short Term Investments	- 0.32	Short Long Term Debt Total