AvidXchange Net Working Capital vs Intangible Assets Analysis
| AVDX Stock | USD 11.66 0.30 2.51% |
AvidXchange Holdings financial indicator trend analysis is way more than just evaluating AvidXchange Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AvidXchange Holdings is a good investment. Please check the relationship between AvidXchange Holdings Net Working Capital and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvidXchange Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.
Net Working Capital vs Intangible Assets
Net Working Capital vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AvidXchange Holdings Net Working Capital account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AvidXchange Holdings' Net Working Capital and Intangible Assets is 0.96. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of AvidXchange Holdings, assuming nothing else is changed. The correlation between historical values of AvidXchange Holdings' Net Working Capital and Intangible Assets 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 Working Capital of AvidXchange Holdings are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Working Capital i.e., AvidXchange Holdings' Net Working Capital and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Working Capital
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from AvidXchange Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AvidXchange Holdings 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 AvidXchange Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.At this time, AvidXchange Holdings' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.35 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.5 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 148.3M | 198.5M | 223.5M | 165.2M | Total Revenue | 248.4M | 316.4M | 380.7M | 281.8M |
AvidXchange Holdings fundamental ratios Correlations
Click cells to compare fundamentals
AvidXchange Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AvidXchange Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 99.7M | 213.1M | 1.3B | 1.4B | 1.7B | 1.8B | |
| Net Tangible Assets | (571.6M) | (689.2M) | 456.7M | 392.8M | 451.7M | 474.3M | |
| Retained Earnings | (423.6M) | (672.3M) | (871.9M) | (974.8M) | (1.0B) | (971.1M) | |
| Accounts Payable | 10.9M | 25.4M | 17.1M | 13.5M | 16.8M | 10.6M | |
| Total Current Assets | 308.3M | 432.3M | 1.9B | 1.8B | 2.1B | 2.2B | |
| Common Stock | 44.0K | 50.1K | 197K | 199K | 204K | 214.2K | |
| Other Current Liab | 82.9M | 178.1M | 1.3B | 1.4B | 1.6B | 1.7B | |
| Other Liab | 10.4M | 16.6M | 26.4M | 20.9M | 24.0M | 25.2M | |
| Other Assets | 23.6M | 26.0M | 32.5M | 33.5M | 1.0 | 0.95 | |
| Other Stockholder Equity | 11.8M | 161.1M | 1.6B | 1.6B | 1.7B | 931.0M | |
| Property Plant Equipment | 82.1M | 90.0M | 109.5M | 103.9M | 119.5M | 84.8M |
Pair Trading with AvidXchange Holdings
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 AvidXchange Holdings 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 AvidXchange Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against AvidXchange Stock
| 0.55 | EGIO | Edgio Inc Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to AvidXchange Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AvidXchange Holdings 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 AvidXchange Holdings - 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 AvidXchange Holdings to buy it.
The correlation of AvidXchange Holdings 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 AvidXchange Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AvidXchange Holdings 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 AvidXchange Holdings 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 AvidXchange Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.Note that the AvidXchange Holdings information on this page should be used as a complementary analysis to other AvidXchange Holdings' 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 CEOs Directory module to screen CEOs from public companies around the world.
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Is AvidXchange Holdings' 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 AvidXchange Holdings. If investors know AvidXchange 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 AvidXchange Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 1.886 | Quarterly Revenue Growth 0.208 | Return On Assets (0.01) | Return On Equity (0.07) |
The market value of AvidXchange Holdings is measured differently than its book value, which is the value of AvidXchange that is recorded on the company's balance sheet. Investors also form their own opinion of AvidXchange Holdings' value that differs from its market value or its book value, called intrinsic value, which is AvidXchange Holdings' 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 AvidXchange Holdings' market value can be influenced by many factors that don't directly affect AvidXchange Holdings' 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 AvidXchange Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if AvidXchange Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AvidXchange Holdings' 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.