Avinger Ev To Free Cash Flow from 2010 to 2024
| AVGR Stock | USD 0.82 0.02 2.38% |
EV To Free Cash Flow | First Reported 2010-12-31 | Previous Quarter (0.85) | Current Value (0.89) | Quarterly Volatility 2.1139314 |
Check Avinger financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avinger's main balance sheet or income statement drivers, such as Depreciation And Amortization of 274.6 K, Interest Expense of 2.6 M or Selling General Administrative of 16.9 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.58 or Days Sales Outstanding of 60.81. Avinger financial statements analysis is a perfect complement when working with Avinger Valuation or Volatility modules.
Avinger | Ev To Free Cash Flow |
Latest Avinger's Ev To Free Cash Flow Growth Pattern
Below is the plot of the Ev To Free Cash Flow of Avinger over the last few years. It is a valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued. Avinger's EV To Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avinger's overall financial position and show how it may be relating to other accounts over time.
| Ev To Free Cash Flow | 10 Years Trend |
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Ev To Free Cash Flow |
| Timeline |
Avinger Ev To Free Cash Flow Regression Statistics
| Arithmetic Mean | (2.39) | |
| Geometric Mean | 1.68 | |
| Coefficient Of Variation | (88.56) | |
| Mean Deviation | 1.65 | |
| Median | (1.72) | |
| Standard Deviation | 2.11 | |
| Sample Variance | 4.47 | |
| Range | 7.1335 | |
| R-Value | 0.60 | |
| Mean Square Error | 3.09 | |
| R-Squared | 0.36 | |
| Significance | 0.02 | |
| Slope | 0.28 | |
| Total Sum of Squares | 62.56 |
Avinger Ev To Free Cash Flow History
About Avinger Financial Statements
Avinger shareholders use historical fundamental indicators, such as Ev To Free Cash Flow, to determine how well the company is positioned to perform in the future. Although Avinger investors may analyze each financial statement separately, they are all interrelated. The changes in Avinger's assets and liabilities, for example, are also reflected in the revenues and expenses on on Avinger's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| EV To Free Cash Flow | (0.85) | (0.89) |
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 together with Avinger Stock
| 0.66 | CI | Cigna Corp Downward Rally | PairCorr |
Moving against Avinger Stock
| 0.75 | MD | Mednax Inc | PairCorr |
| 0.75 | ECOR | Electrocore LLC | PairCorr |
| 0.66 | VREX | Varex Imaging Corp | PairCorr |
| 0.57 | DOCS | Doximity | PairCorr |
| 0.56 | LH | Laboratory | PairCorr |
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.Additional 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.