Avinger Cash vs Other Current Assets Analysis
AVGR Stock | USD 3.93 0.13 3.42% |
Avinger financial indicator trend analysis is way more than just evaluating Avinger prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avinger is a good investment. Please check the relationship between Avinger Cash and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avinger Cash account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Avinger's Cash and Other Current Assets is 0.05. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Avinger, assuming nothing else is changed. The correlation between historical values of Avinger's Cash and Other Current 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 Cash of Avinger are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Avinger's Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Avinger, which is listed under current asset account on Avinger balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avinger customers. The amounts must be unrestricted with restricted cash listed in a different Avinger account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Avinger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avinger 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 Avinger. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.As of 05/14/2024, Selling General Administrative is likely to grow to about 16.9 M, while Issuance Of Capital Stock is likely to drop slightly above 4.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 21.5M | 18.6M | 18.6M | 24.7M | Cost Of Revenue | 6.7M | 5.6M | 5.6M | 6.0M |
Avinger fundamental ratios Correlations
Click cells to compare fundamentals
Avinger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avinger fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 23.8M | 33.2M | 29.5M | 24.2M | 13.8M | 23.4M | |
Other Current Liab | 2.4M | 2.3M | 2.2M | 1.9M | 3.0M | 3.0M | |
Total Current Liabilities | 12.8M | 7.5M | 4.7M | 17.9M | 19.3M | 14.3M | |
Total Stockholder Equity | 6.9M | 13.1M | 9.7M | 4.1M | (6.2M) | (6.5M) | |
Other Liab | 7K | 9.4M | 575K | 1.0M | 1.2M | 1.5M | |
Property Plant And Equipment Net | 6.5M | 4.8M | 3.3M | 2.9M | 1.6M | 2.9M | |
Net Debt | 2.9M | (5.1M) | (4.0M) | 1.8M | 10.1M | 10.6M | |
Retained Earnings | (348.3M) | (367.3M) | (384.8M) | (402.4M) | (420.7M) | (441.7M) | |
Accounts Payable | 663K | 694K | 1.4M | 631K | 777K | 837.3K | |
Cash | 10.9M | 22.2M | 19.5M | 14.6M | 5.3M | 5.0M | |
Non Current Assets Total | 7.2M | 5.3M | 3.7M | 3.2M | 1.6M | 1.5M | |
Non Currrent Assets Other | 684K | 510K | 421K | 312K | 19.0K | 18.0K | |
Cash And Short Term Investments | 10.9M | 22.2M | 19.5M | 14.6M | 5.3M | 5.0M | |
Net Receivables | 1.5M | 1.5M | 1.4M | 1.1M | 1.0M | 1.3M | |
Common Stock Shares Outstanding | 24.1K | 164.1K | 314.8K | 416.6K | 786K | 825.3K | |
Liabilities And Stockholders Equity | 23.8M | 33.2M | 29.5M | 24.2M | 13.8M | 23.4M | |
Non Current Liabilities Total | 4.1M | 12.7M | 15.1M | 2.1M | 672K | 638.4K | |
Inventory | 3.9M | 3.9M | 4.6M | 5.0M | 5.3M | 5.2M | |
Other Current Assets | 311K | 350K | 300K | 362K | 575K | 448.1K | |
Other Stockholder Equity | 355.2M | 380.3M | 394.4M | 406.5M | 414.5M | 275.0M | |
Total Liab | 16.9M | 20.1M | 19.8M | 20.0M | 20.0M | 19.0M | |
Property Plant And Equipment Gross | 6.5M | 4.8M | 95K | 2.9M | 5.7M | 2.9M | |
Total Current Assets | 16.6M | 27.9M | 25.8M | 21.0M | 12.2M | 20.1M | |
Property Plant Equipment | 1.7M | 727K | 3.3M | 2.9M | 2.6M | 2.4M | |
Short Long Term Debt Total | 13.8M | 17.1M | 15.5M | 16.4M | 15.4M | 19.2M | |
Net Tangible Assets | 6.9M | 13.1M | 9.7M | 4.1M | 4.8M | 5.0M | |
Short Long Term Debt | 7.5M | 9.0M | 3.6M | 14.2M | 14.3M | 14.8M | |
Short Term Debt | 9.7M | 4.4M | 985K | 15.3M | 15.4M | 13.7M | |
Common Stock | 34K | 10K | 85K | 96K | 8K | 1.1K | |
Common Stock Total Equity | 34K | 10K | 85K | 96K | 110.4K | 115.9K | |
Retained Earnings Total Equity | (328.9M) | (348.3M) | (367.3M) | (384.8M) | (346.3M) | (363.6M) | |
Capital Surpluse | 338.3M | 355.2M | 380.3M | 394.4M | 453.5M | 346.1M | |
Non Current Liabilities Other | 41K | 4.1M | 2.8M | 1.0M | 672K | 638.4K | |
Net Invested Capital | 15.9M | 26.1M | 22.0M | 18.3M | 8.1M | 7.7M | |
Net Working Capital | 3.8M | 20.4M | 21.1M | 3.0M | (7.1M) | (6.8M) |
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 Avinger 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, Avinger's short interest history, or implied volatility extrapolated from Avinger options trading.
Pair Trading with Avinger
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 Avinger 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 Avinger will appreciate offsetting losses from the drop in the long position's value.Moving against Avinger Stock
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The ability to find closely correlated positions to Avinger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avinger 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 Avinger - 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 Avinger to buy it.
The correlation of Avinger 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 Avinger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avinger 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 Avinger 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 Avinger. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.Note that the Avinger information on this page should be used as a complementary analysis to other Avinger'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Avinger Stock analysis
When running Avinger's price analysis, check to measure Avinger'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 Avinger is operating at the current time. Most of Avinger's value examination focuses on studying past and present price action to predict the probability of Avinger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avinger's price. Additionally, you may evaluate how the addition of Avinger to your portfolios can decrease your overall portfolio volatility.
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Is Avinger'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 Avinger. If investors know Avinger 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 Avinger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (23.31) | Revenue Per Share 5.978 | Quarterly Revenue Growth (0.05) | Return On Assets (0.55) | Return On Equity (9.73) |
The market value of Avinger is measured differently than its book value, which is the value of Avinger that is recorded on the company's balance sheet. Investors also form their own opinion of Avinger's value that differs from its market value or its book value, called intrinsic value, which is Avinger'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 Avinger's market value can be influenced by many factors that don't directly affect Avinger'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 Avinger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avinger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avinger'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.