| AVDX Stock | | | USD 11.15 0.01 0.09% |
AvidXchange Holdings financial indicator trend analysis is way more than just evaluating AvidXchange Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AvidXchange Holdings is a good investment. Please check the relationship between AvidXchange Holdings Free Cash Flow and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AvidXchange 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 unemployment.
For more information on how to buy AvidXchange Stock please use our
How to Invest in AvidXchange Holdings guide.
Free Cash Flow vs Net Income
Free Cash Flow vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AvidXchange Holdings Free Cash Flow account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between AvidXchange Holdings' Free Cash Flow and Net Income is 0.7. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of AvidXchange Holdings, assuming nothing else is changed. The correlation between historical values of AvidXchange Holdings' Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of AvidXchange Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., AvidXchange Holdings' Free Cash Flow and Net Income go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in AvidXchange Holdings financial statement analysis. It represents the amount of money remaining after all of AvidXchange Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from AvidXchange Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AvidXchange 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 AvidXchange 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 unemployment.
For more information on how to buy AvidXchange Stock please use our
How to Invest in AvidXchange Holdings guide.At this time, AvidXchange Holdings'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.35 in 2024, whereas
Selling General Administrative is likely to drop slightly above 87.5
M in 2024.
AvidXchange Holdings fundamental ratios Correlations
Click cells to compare fundamentals
AvidXchange Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AvidXchange Holdings fundamental ratios Accounts
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Additional Tools for AvidXchange Stock Analysis
When running AvidXchange Holdings' price analysis, check to
measure AvidXchange Holdings' 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 AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to
predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.