Avis Return On Equity from 2010 to 2025
| CAR Stock | USD 59.70 0.96 1.58% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.78255264 | Current Value 0.82 | Quarterly Volatility 2.49060901 |
Check Avis Budget financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avis Budget's main balance sheet or income statement drivers, such as Depreciation And Amortization of 225.2 M, Interest Expense of 358.1 M or Selling General Administrative of 1.2 B, as well as many indicators such as Price To Sales Ratio of 0.34, Dividend Yield of 0.0571 or Days Sales Outstanding of 24.65. Avis financial statements analysis is a perfect complement when working with Avis Budget Valuation or Volatility modules.
Avis | Return On Equity |
Latest Avis Budget's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Avis Budget Group over the last few years. Return on Equity is the amount of Avis Budget Group net income returned as a percentage of Avis Budget equity. Return on equity measures Avis Budget profitability by revealing how much profit Avis Budget Group generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Avis Budget's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avis Budget's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -2.73 | 10 Years Trend |
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Return On Equity |
| Timeline |
Avis Return On Equity Regression Statistics
| Arithmetic Mean | (0.29) | |
| Geometric Mean | 0.64 | |
| Coefficient Of Variation | (871.03) | |
| Mean Deviation | 1.70 | |
| Median | 0.40 | |
| Standard Deviation | 2.49 | |
| Sample Variance | 6.20 | |
| Range | 10.2538 | |
| R-Value | (0.27) | |
| Mean Square Error | 6.15 | |
| R-Squared | 0.07 | |
| Significance | 0.31 | |
| Slope | (0.14) | |
| Total Sum of Squares | 93.05 |
Avis Return On Equity History
About Avis Budget Financial Statements
Avis Budget shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Avis Budget investors may analyze each financial statement separately, they are all interrelated. The changes in Avis Budget's assets and liabilities, for example, are also reflected in the revenues and expenses on on Avis Budget'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 | ||
| Return On Equity | 0.78 | 0.82 |
Pair Trading with Avis Budget
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 Avis Budget 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 Avis Budget will appreciate offsetting losses from the drop in the long position's value.Moving together with Avis Stock
Moving against Avis Stock
| 0.58 | FTAIN | Fortress Transportation | PairCorr |
| 0.51 | FTAIM | FTAI Aviation | PairCorr |
| 0.49 | TRTN-PA | Triton International | PairCorr |
| 0.41 | AER | AerCap Holdings NV | PairCorr |
| 0.36 | MWG | Multi Ways Holdings | PairCorr |
The ability to find closely correlated positions to Avis Budget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avis Budget 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 Avis Budget - 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 Avis Budget Group to buy it.
The correlation of Avis Budget 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 Avis Budget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avis Budget Group 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 Avis Budget 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 Avis Stock Analysis
When running Avis Budget's price analysis, check to measure Avis Budget'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 Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.