Arena Ev To Free Cash Flow vs Free Cash Flow Yield Analysis
| AREN Stock | USD 1.63 0.03 1.87% |
Arena Group financial indicator trend analysis is way more than just evaluating Arena Group Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arena Group Holdings is a good investment. Please check the relationship between Arena Group Ev To Free Cash Flow and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arena Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Ev To Free Cash Flow vs Free Cash Flow Yield
Ev To Free Cash Flow vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arena Group Holdings Ev To Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Arena Group's Ev To Free Cash Flow and Free Cash Flow Yield is -0.44. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Arena Group Holdings, assuming nothing else is changed. The correlation between historical values of Arena Group's Ev To Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Arena Group Holdings are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ev To Free Cash Flow i.e., Arena Group's Ev To Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Arena Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arena Group 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 Arena Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Arena Group's Selling General Administrative is very stable compared to the past year. As of the 20th of December 2024, Tax Provision is likely to grow to about 233.1 K, while Discontinued Operations is likely to drop (3.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 189.1M | 220.9M | 244.2M | 256.4M | Interest Expense | 10.5M | 11.4M | 18.0M | 18.9M |
Arena Group fundamental ratios Correlations
Click cells to compare fundamentals
Arena Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Arena Group
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 Arena Group 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 Arena Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Arena Stock
Moving against Arena Stock
| 0.78 | IAC | IAC Inc | PairCorr |
| 0.73 | MAX | MediaAlpha | PairCorr |
| 0.57 | FENG | Phoenix New Media | PairCorr |
| 0.52 | TC | TuanChe ADR | PairCorr |
| 0.34 | EVER | EverQuote Class A | PairCorr |
The ability to find closely correlated positions to Arena Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Group 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 Arena Group - 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 Arena Group Holdings to buy it.
The correlation of Arena Group 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 Arena Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group 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 Arena Group 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 Arena Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Movies & Entertainment space 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 Arena Group. If investors know Arena 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 Arena Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 9.104 | Quarterly Revenue Growth (0.20) | Return On Assets (0.12) |
The market value of Arena Group Holdings is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group'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 Arena Group's market value can be influenced by many factors that don't directly affect Arena Group'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 Arena Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arena Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group'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.