AYRO Short Term Debt vs Short Long Term Debt Analysis
| AYRO Stock | USD 1.40 0.01 0.71% |
AYRO financial indicator trend analysis is way more than just evaluating AYRO Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AYRO Inc is a good investment. Please check the relationship between AYRO Short Term Debt and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Short Term Debt vs Short Long Term Debt
Short Term Debt vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AYRO Inc Short Term Debt account and Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AYRO's Short Term Debt and Short Long Term Debt is 0.4. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of AYRO Inc, assuming nothing else is changed. The correlation between historical values of AYRO's Short Term Debt and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of AYRO Inc are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Short Term Debt i.e., AYRO's Short Term Debt and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Short Term Debt
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Most indicators from AYRO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AYRO Inc 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 AYRO Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of the 29th of April 2024, Sales General And Administrative To Revenue is likely to grow to 30.27, while Selling General Administrative is likely to drop about 8.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 31.0M | 20.2M | 23.5M | 13.4M | Cost Of Revenue | 4.8M | 6.0M | 5.1M | 4.9M |
AYRO fundamental ratios Correlations
Click cells to compare fundamentals
AYRO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AYRO fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 55.5M | |
| Short Long Term Debt Total | 1.3M | 1.1M | 1.1M | 859.5K | 699.5K | 664.5K | |
| Other Current Liab | 612.1K | 665.1K | 3.0M | 964.9K | 1.7M | 1.6M | |
| Total Current Liabilities | 2.4M | 1.6M | 3.8M | 2.2M | 4.3M | 8.3M | |
| Total Stockholder Equity | 68.9K | 39.4M | 73.4M | 52.1M | 25.3M | 21.2M | |
| Net Debt | 683.2K | (35.4M) | (68.1M) | (38.2M) | (42.7M) | (40.6M) | |
| Retained Earnings | (14.0M) | (25.2M) | (58.2M) | (81.2M) | (115.3M) | (109.6M) | |
| Non Current Assets Total | 782.2K | 1.9M | 2.0M | 3.1M | 3.9M | 4.1M | |
| Common Stock Shares Outstanding | 73.5K | 1.9M | 4.4M | 4.6M | 4.8M | 3.1M | |
| Liabilities And Stockholders Equity | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 32.1M | |
| Non Current Liabilities Total | 318.0K | 1.0M | 859.5K | 693.8K | 23.2M | 24.4M | |
| Other Stockholder Equity | 5.0M | 64.5M | 131.7M | 133.2M | 140.7M | 147.7M | |
| Total Liab | 2.7M | 2.6M | 4.7M | 2.9M | 27.5M | 28.9M | |
| Short Term Debt | 1.0M | 130.7K | 206.4K | 165.8K | 196.7K | 186.8K | |
| Common Stock | 395.0 | 2.7K | 3.7K | 3.7K | 492.0 | 467.4 | |
| Accounts Payable | 772.1K | 767.2K | 647.1K | 1.1M | 2.5M | 1.5M | |
| Property Plant And Equipment Net | 489.4K | 1.7M | 1.8M | 3.0M | 3.8M | 4.0M | |
| Non Currrent Assets Other | 48.8K | 22.5K | 41.3K | 73.7K | 95.5K | 104.8K | |
| Net Receivables | 71.1K | 765.9K | 969.4K | 510.1K | 219K | 208.1K | |
| Other Current Assets | 164.4K | 1.6M | 2.3M | 1.5M | 1.9M | 1.6M | |
| Total Current Assets | 2.0M | 40.1M | 76.2M | 51.9M | 49.0M | 28.0M | |
| Cash | 641.8K | 36.5M | 69.2M | 39.1M | 43.4M | 24.3M | |
| Other Assets | 397.6K | 292.9K | 22.5K | 41.3K | 37.2K | 35.3K | |
| Cash And Short Term Investments | 641.8K | 36.5M | 69.2M | 48.9M | 43.4M | 25.5M | |
| Net Tangible Assets | (4.2M) | (9.0M) | 39.2M | 73.3M | 84.3M | 88.6M | |
| Inventory | 1.1M | 1.2M | 3.7M | 970.4K | 3.4M | 2.4M | |
| Intangible Assets | 659.1K | 244.1K | 143.8K | 88.3K | 79.5K | 75.5K | |
| Property Plant Equipment | 726.0K | 489.4K | 1.7M | 1.8M | 2.1M | 1.1M | |
| Property Plant And Equipment Gross | 489.4K | 1.7M | 3.1M | 4.5M | 6.3M | 6.6M |
Pair Trading with AYRO
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 AYRO 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 AYRO will appreciate offsetting losses from the drop in the long position's value.Moving against AYRO Stock
| 0.64 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.53 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
| 0.42 | AN | AutoNation Buyout Trend | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO 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 AYRO - 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 AYRO Inc to buy it.
The correlation of AYRO 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 AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc 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 AYRO 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 AYRO Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running AYRO's price analysis, check to measure AYRO'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 AYRO is operating at the current time. Most of AYRO's value examination focuses on studying past and present price action to predict the probability of AYRO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AYRO's price. Additionally, you may evaluate how the addition of AYRO to your portfolios can decrease your overall portfolio volatility.
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Is AYRO'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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.19) | Revenue Per Share 0.105 | Quarterly Revenue Growth (0.74) | Return On Assets (0.33) | Return On Equity (0.88) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.