Anavex Interest Expense vs Income Tax Expense Analysis

AVXL Stock  USD 5.15  0.09  1.78%   
Anavex Life financial indicator trend analysis is way more than just evaluating Anavex Life Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anavex Life Sciences is a good investment. Please check the relationship between Anavex Life Interest Expense and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anavex Life Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

Interest Expense vs Income Tax Expense

Interest Expense vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anavex Life Sciences Interest Expense account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Anavex Life's Interest Expense and Income Tax Expense is -0.13. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Anavex Life Sciences, assuming nothing else is changed. The correlation between historical values of Anavex Life's Interest Expense and Income Tax 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 Interest Expense of Anavex Life Sciences are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Interest Expense i.e., Anavex Life's Interest Expense and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Income Tax Expense

Most indicators from Anavex Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anavex Life Sciences 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 Anavex Life Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
At this time, Anavex Life's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 47.1 M this year, although the value of Tax Provision will most likely fall to 7,648.
 2021 2022 2023 2024 (projected)
Tax Provision358.5K7K8.1K7.6K
Interest Income947.0K6.5M7.5M7.9M

Anavex Life fundamental ratios Correlations

0.930.961.0-0.98-0.931.01.00.90.910.980.931.00.910.78-0.220.05-0.36-0.080.58-0.26-0.080.850.641.00.32
0.930.950.93-0.89-0.910.930.930.90.920.950.90.930.910.81-0.290.01-0.27-0.110.73-0.07-0.110.780.450.930.21
0.960.950.96-0.93-0.960.960.960.950.960.990.960.960.950.85-0.280.14-0.32-0.110.69-0.27-0.110.850.630.960.22
1.00.930.96-0.98-0.931.01.00.890.910.980.931.00.90.78-0.240.04-0.37-0.090.56-0.26-0.090.840.641.00.33
-0.98-0.89-0.93-0.980.93-0.98-0.98-0.87-0.88-0.95-0.89-0.98-0.87-0.760.25-0.040.360.11-0.550.240.11-0.79-0.68-0.98-0.4
-0.93-0.91-0.96-0.930.93-0.93-0.93-0.94-0.97-0.97-0.93-0.93-0.95-0.870.25-0.230.380.08-0.710.220.08-0.8-0.61-0.93-0.33
1.00.930.961.0-0.98-0.931.00.90.910.980.931.00.910.78-0.220.04-0.35-0.080.57-0.26-0.080.850.621.00.33
1.00.930.961.0-0.98-0.931.00.90.910.980.931.00.910.78-0.220.04-0.35-0.080.57-0.26-0.080.850.621.00.33
0.90.90.950.89-0.87-0.940.90.90.930.940.960.91.00.88-0.080.21-0.210.120.83-0.210.120.860.620.890.26
0.910.920.960.91-0.88-0.970.910.910.930.960.90.910.940.93-0.320.29-0.48-0.120.71-0.08-0.120.740.610.910.27
0.980.950.990.98-0.95-0.970.980.980.940.960.960.980.950.84-0.240.14-0.37-0.070.66-0.25-0.070.860.580.980.28
0.930.90.960.93-0.89-0.930.930.930.960.90.960.930.970.790.020.09-0.220.10.71-0.330.10.960.590.930.2
1.00.930.961.0-0.98-0.931.01.00.90.910.980.930.910.78-0.220.05-0.36-0.080.58-0.26-0.080.850.641.00.32
0.910.910.950.9-0.87-0.950.910.911.00.940.950.970.910.87-0.080.2-0.210.110.82-0.220.110.870.60.90.24
0.780.810.850.78-0.76-0.870.780.780.880.930.840.790.780.87-0.320.32-0.520.050.760.080.050.610.620.780.13
-0.22-0.29-0.28-0.240.250.25-0.22-0.22-0.08-0.32-0.240.02-0.22-0.08-0.32-0.170.370.59-0.06-0.130.590.21-0.2-0.24-0.08
0.050.010.140.04-0.04-0.230.040.040.210.290.140.090.050.20.32-0.17-0.25-0.090.290.02-0.09-0.010.150.04-0.07
-0.36-0.27-0.32-0.370.360.38-0.35-0.35-0.21-0.48-0.37-0.22-0.36-0.21-0.520.37-0.250.20.09-0.180.2-0.12-0.28-0.36-0.1
-0.08-0.11-0.11-0.090.110.08-0.08-0.080.12-0.12-0.070.1-0.080.110.050.59-0.090.20.18-0.071.00.19-0.11-0.09-0.05
0.580.730.690.56-0.55-0.710.570.570.830.710.660.710.580.820.76-0.060.290.090.180.040.180.550.340.570.07
-0.26-0.07-0.27-0.260.240.22-0.26-0.26-0.21-0.08-0.25-0.33-0.26-0.220.08-0.130.02-0.18-0.070.04-0.07-0.47-0.24-0.25-0.16
-0.08-0.11-0.11-0.090.110.08-0.08-0.080.12-0.12-0.070.1-0.080.110.050.59-0.090.21.00.18-0.070.19-0.11-0.09-0.05
0.850.780.850.84-0.79-0.80.850.850.860.740.860.960.850.870.610.21-0.01-0.120.190.55-0.470.190.520.840.1
0.640.450.630.64-0.68-0.610.620.620.620.610.580.590.640.60.62-0.20.15-0.28-0.110.34-0.24-0.110.520.640.14
1.00.930.961.0-0.98-0.931.01.00.890.910.980.931.00.90.78-0.240.04-0.36-0.090.57-0.25-0.090.840.640.33
0.320.210.220.33-0.4-0.330.330.330.260.270.280.20.320.240.13-0.08-0.07-0.1-0.050.07-0.16-0.050.10.140.33
Click cells to compare fundamentals

Anavex Life Account Relationship Matchups

Anavex Life fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.5M161.6M152.7M154.4M177.5M186.4M
Other Current Liab3.3M5.6M5.9M7.3M8.4M8.8M
Total Current Liabilities7.3M10.8M10.2M12.5M14.4M15.1M
Total Stockholder Equity27.2M150.8M142.5M141.9M163.1M171.3M
Net Debt(29.2M)(152.1M)(149.2M)(151.0M)(135.9M)(129.1M)
Retained Earnings(159.7M)(197.6M)(245.6M)(293.1M)(263.8M)(250.6M)
Cash29.2M152.1M149.2M151.0M173.7M182.4M
Cash And Short Term Investments29.2M152.1M149.2M151.0M173.7M182.4M
Common Stock Total Equity52.7K62.0K75.9K77.9K89.6K94.1K
Common Stock Shares Outstanding58.2M69.8M76.9M79.8M91.8M96.3M
Liabilities And Stockholders Equity34.5M161.6M152.7M154.4M177.5M186.4M
Other Stockholder Equity186.9M348.3M388.0M434.8M500.1M525.1M
Total Liab7.3M10.8M10.2M12.5M14.4M15.1M
Total Current Assets34.5M161.6M152.7M154.4M177.5M186.4M
Common Stock62.0K75.9K77.9K82K94.3K99.0K
Accounts Payable4.0M4.7M3.8M4.3M5.0M5.2M
Other Current Assets443.8K355.5K354.2K653K751.0K495.2K
Non Current Liabilities Total3.3M5.6M4.3M7.3M8.4M8.8M
Net Receivables4.8M9.1M3.2M2.7M3.1M2.1M
Net Tangible Assets27.2M150.8M142.5M141.9M163.1M171.3M
Retained Earnings Total Equity(133.4M)(159.7M)(197.6M)(245.6M)(221.0M)(210.0M)
Capital Surpluse153.6M186.9M348.3M388.0M446.2M468.5M
Net Invested Capital27.2M150.8M142.5M141.9M163.1M82.9M
Net Working Capital27.2M150.8M142.5M141.9M163.1M82.9M
Capital Stock62.0K75.9K77.9K82K94.3K72.7K

Anavex Life Investors Sentiment

The influence of Anavex Life's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Anavex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Anavex Life's public news can be used to forecast risks associated with an investment in Anavex. The trend in average sentiment can be used to explain how an investor holding Anavex can time the market purely based on public headlines and social activities around Anavex Life Sciences. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Anavex Life's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Anavex Life's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Anavex Life's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Anavex Life.

Anavex Life Implied Volatility

    
  156.42  
Anavex Life's implied volatility exposes the market's sentiment of Anavex Life Sciences stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Anavex Life's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Anavex Life stock will not fluctuate a lot when Anavex Life's options are near their expiration.
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 Anavex Life 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, Anavex Life's short interest history, or implied volatility extrapolated from Anavex Life options trading.

Pair Trading with Anavex Life

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

Moving together with Anavex Stock

  0.64MCRB Seres Therapeutics Financial Report 14th of May 2024 PairCorr

Moving against Anavex Stock

  0.85MRK Merck Company Fiscal Quarter End 31st of March 2024 PairCorr
  0.76DNTH Dianthus Therapeutics Symbol ChangePairCorr
  0.75MDWD Mediwound Financial Report 4th of June 2024 PairCorr
  0.69EQ Equillium Financial Report 9th of May 2024 PairCorr
  0.66MGNX MacroGenics Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Anavex Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anavex Life 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 Anavex Life - 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 Anavex Life Sciences to buy it.
The correlation of Anavex Life 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 Anavex Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anavex Life Sciences 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 Anavex Life 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
When determining whether Anavex Life Sciences is a strong investment it is important to analyze Anavex Life'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 Anavex Life's future performance. For an informed investment choice regarding Anavex Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anavex Life Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Anavex Stock analysis

When running Anavex Life's price analysis, check to measure Anavex Life'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 Anavex Life is operating at the current time. Most of Anavex Life's value examination focuses on studying past and present price action to predict the probability of Anavex Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anavex Life's price. Additionally, you may evaluate how the addition of Anavex Life to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Is Anavex Life'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 Anavex Life. If investors know Anavex 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 Anavex Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.54)
Return On Assets
(0.21)
Return On Equity
(0.32)
The market value of Anavex Life Sciences is measured differently than its book value, which is the value of Anavex that is recorded on the company's balance sheet. Investors also form their own opinion of Anavex Life's value that differs from its market value or its book value, called intrinsic value, which is Anavex Life'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 Anavex Life's market value can be influenced by many factors that don't directly affect Anavex Life'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 Anavex Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anavex Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anavex Life'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.