Avino Capex To Operating Cash Flow vs Average Inventory Analysis
ASM Stock | CAD 1.61 0.05 3.01% |
Avino Silver financial indicator trend analysis is way more than just evaluating Avino Silver Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avino Silver Gold is a good investment. Please check the relationship between Avino Silver Capex To Operating Cash Flow and its Average Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Capex To Operating Cash Flow vs Average Inventory
Capex To Operating Cash Flow vs Average Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Capex To Operating Cash Flow account and Average Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Avino Silver's Capex To Operating Cash Flow and Average Inventory is 0.47. Overlapping area represents the amount of variation of Capex To Operating Cash Flow that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Capex To Operating Cash Flow and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Operating Cash Flow of Avino Silver Gold are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Capex To Operating Cash Flow i.e., Avino Silver's Capex To Operating Cash Flow and Average Inventory go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capex To Operating Cash Flow
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Most indicators from Avino Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver Gold 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 Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, though Tax Provision is likely to grow to (999.4 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 76K | 372K | 381K | 337.8K | Depreciation And Amortization | 2.1M | 2.2M | 2.9M | 3.1M |
Avino Silver fundamental ratios Correlations
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Avino Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avino Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 72.6M | 68.8M | 86.3M | 121.2M | 128.3M | 134.8M | |
Short Long Term Debt Total | 7.3M | 3.1M | 1.1M | 6.7M | 3.5M | 5.8M | |
Other Current Liab | 3.7M | 154K | 163K | 503K | 127K | 120.7K | |
Total Current Liabilities | 9.6M | 5.0M | 3.8M | 16.8M | 13.8M | 14.5M | |
Total Stockholder Equity | 53.9M | 59.0M | 78.5M | 98.0M | 106.0M | 111.3M | |
Property Plant And Equipment Net | 45.5M | 44.9M | 46.7M | 93.9M | 103.2M | 108.3M | |
Net Debt | (2.3M) | (8.6M) | (23.7M) | (4.6M) | 766K | 804.3K | |
Retained Earnings | (47.2M) | (54.3M) | (56.0M) | (52.0M) | (51.4M) | (48.9M) | |
Accounts Payable | 4.9M | 2.1M | 3.3M | 9.5M | 11.9M | 12.5M | |
Cash | 9.6M | 11.7M | 24.8M | 11.2M | 2.7M | 2.6M | |
Non Current Assets Total | 49.8M | 49.1M | 50.8M | 95.6M | 104.8M | 110.0M | |
Cash And Short Term Investments | 9.6M | 11.7M | 24.8M | 11.2M | 2.7M | 2.6M | |
Net Receivables | 1.5M | 529K | 4.6M | 2.7M | 3.3M | 2.1M | |
Common Stock Shares Outstanding | 70.0M | 83.2M | 100.2M | 117.6M | 125.3M | 131.6M | |
Liabilities And Stockholders Equity | 72.6M | 68.8M | 86.3M | 121.2M | 128.3M | 134.8M | |
Non Current Liabilities Total | 9.1M | 4.8M | 3.9M | 6.4M | 8.5M | 6.2M | |
Inventory | 5.6M | 1.7M | 5.2M | 6.3M | 8.8M | 9.3M | |
Other Current Assets | 6.1M | 5.8M | 962K | 5.4M | 8.7M | 9.2M | |
Total Liab | 18.6M | 9.8M | 7.8M | 23.2M | 22.3M | 23.5M | |
Property Plant And Equipment Gross | 45.5M | 44.9M | 69.7M | 118.9M | 130.4M | 137.0M | |
Total Current Assets | 22.8M | 19.7M | 35.5M | 25.6M | 23.5M | 12.6M | |
Accumulated Other Comprehensive Income | 4.8M | 5.1M | 4.6M | 4.6M | 5.8M | 3.9M | |
Common Stock | 96.4M | 108.3M | 130.0M | 145.5M | 151.7M | 91.4M | |
Common Stock Total Equity | 81.5M | 88.0M | 96.4M | 108.3M | 124.5M | 75.8M | |
Short Term Debt | 891K | 2.8M | 389K | 5.9M | 1.8M | 3.2M | |
Other Liab | 16.4M | 6.0M | 4.5M | 3.2M | 2.9M | 2.8M | |
Net Tangible Assets | 75.2M | 53.9M | 59.0M | 78.5M | 90.3M | 61.7M | |
Long Term Investments | 3.2M | 4.2M | 3.9M | 1.7M | 934K | 1.4M | |
Short Long Term Debt | 1.5M | 3.6M | 72K | 5.0M | 164K | 155.8K | |
Property Plant Equipment | 45.5M | 44.9M | 46.7M | 93.9M | 107.9M | 63.4M | |
Long Term Debt | 6.3M | 2.6M | 0.0 | 195K | 175.5K | 166.7K | |
Long Term Debt Total | 3.0M | 278K | 680K | 745K | 670.5K | 637.0K | |
Capital Lease Obligations | 1.1M | 486K | 1.1M | 1.7M | 3.1M | 3.2M |
Pair Trading with Avino Silver
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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Avino Stock
Moving against Avino Stock
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.