Avinger Historical Cash Flow
| AVGR Stock | USD 0.82 0.02 2.38% |
Analysis of Avinger cash flow over time is an excellent tool to project Avinger future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 196.3 K or Begin Period Cash Flow of 15.5 M as it is a great indicator of Avinger ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Avinger latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avinger is a good buy for the upcoming year.
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About Avinger Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Avinger balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Avinger's non-liquid assets can be easily converted into cash.
Avinger Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Depreciation
Depreciation indicates how much of Avinger value has been used up. For tax purposes Avinger can deduct the cost of the tangible assets it purchases as business expenses. However, Avinger must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Capital Expenditures
Capital Expenditures are funds used by Avinger to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Avinger operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most accounts from Avinger's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Avinger current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Avinger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.At this time, Avinger's Cash Flows Other Operating is relatively stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Non Cash Items | 1.7M | 2.3M | 1.4M | 2.4M | Depreciation | 687K | 196K | 1.4M | 889.7K |
Avinger cash flow statement Correlations
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Avinger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avinger cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.2M) | (490K) | (849K) | (1.4M) | (802K) | (842.1K) | |
| Change In Cash | (5.5M) | 11.2M | (2.7M) | (4.9M) | (9.3M) | (8.9M) | |
| Stock Based Compensation | 2.1M | 1.5M | 1.0M | 127K | 940K | 893K | |
| Free Cash Flow | (17.4M) | (14.8M) | (15.7M) | (16.8M) | (14.4M) | (15.2M) | |
| Change In Working Capital | (2.8M) | (574K) | 456K | (1.8M) | 187K | 196.4K | |
| Begin Period Cash Flow | 16.4M | 10.9M | 22.2M | 19.5M | 14.6M | 15.5M | |
| Other Cashflows From Financing Activities | 20.9M | 10.0M | 4.2M | 6.7M | (8K) | (7.6K) | |
| Depreciation | 890K | 897K | 687K | 196K | 1.4M | 889.7K | |
| Other Non Cash Items | 1.7M | 1.6M | 1.7M | 2.3M | 1.4M | 2.4M | |
| Capital Expenditures | 88K | 65K | 34K | 51K | 8K | 7.6K | |
| Total Cash From Operating Activities | (17.3M) | (14.8M) | (15.7M) | (16.8M) | (14.4M) | (15.2M) | |
| Change To Account Receivables | (248K) | (1K) | 89K | 269K | 75K | 78.8K | |
| Net Income | (19.5M) | (19.0M) | (17.4M) | (17.6M) | (18.3M) | (19.2M) | |
| Total Cash From Financing Activities | 11.9M | 26.0M | 13.0M | 11.9M | 5.1M | 4.9M | |
| End Period Cash Flow | 10.9M | 22.2M | 19.5M | 14.6M | 5.3M | 5.0M | |
| Sale Purchase Of Stock | 21K | 63K | 36K | (6.7M) | (6.0M) | (5.7M) | |
| Total Cashflows From Investing Activities | (70K) | 65K | (34K) | (51K) | (58.7K) | (61.6K) | |
| Dividends Paid | 6.5M | 3.9M | 4.2M | 4.51 | 4.06 | 3.86 | |
| Change To Operating Activities | (860K) | (114K) | 537K | 110K | 126.5K | 132.8K | |
| Other Cashflows From Investing Activities | 4K | 28K | 18K | 65K | 58.5K | 71.4K | |
| Change To Netincome | 2.3M | 2.0M | (1.2M) | 1.3M | 1.1M | 1.1M | |
| Change To Liabilities | (729K) | (40K) | 1.2M | (764K) | (687.6K) | (722.0K) | |
| Change Receivables | (160K) | (248K) | (1K) | 89K | 102.4K | 77.5K | |
| Cash And Cash Equivalents Changes | 11.0M | (5.5M) | 11.2M | (2.7M) | (2.4M) | (2.3M) | |
| Cash Flows Other Operating | 5.7M | 959K | 1.7M | 1.7M | 2.0M | 2.4M | |
| Investments | (70K) | 65K | (34K) | (51K) | (8K) | (8.4K) | |
| Issuance Of Capital Stock | 3.8M | 23.6M | 13.0M | 11.9M | 5.1M | 4.9M |
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
Moving against Avinger Stock
| 0.75 | ECOR | Electrocore LLC | PairCorr |
| 0.73 | MD | Mednax Inc | PairCorr |
| 0.65 | VREX | Varex Imaging Corp | PairCorr |
| 0.57 | DOCS | Doximity | PairCorr |
| 0.55 | 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.