Avicanna Stock Filter Stocks by Fundamentals
| AVCN Stock | CAD 0.40 0.02 5.26% |
Avicanna fundamentals help investors to digest information that contributes to Avicanna's financial success or failures. It also enables traders to predict the movement of Avicanna Stock. The fundamental analysis module provides a way to measure Avicanna's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Avicanna stock.
Avicanna | Shares Owned by Insiders |
Avicanna Current Valuation Drivers
We derive many important indicators used in calculating different scores of Avicanna from analyzing Avicanna's financial statements. These drivers represent accounts that assess Avicanna's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avicanna's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 50.9M | 38.5M | 32.2M | 24.3M | 29.6M | 58.5M | |
| Enterprise Value | 51.8M | 39.2M | 33.8M | 26.3M | 31.0M | 59.2M |
Avicanna Fundamentals
| Return On Equity | -1.12 | ||||
| Return On Asset | -0.21 | ||||
| Profit Margin | (0.30) % | ||||
| Operating Margin | (0.29) % | ||||
| Current Valuation | 41.05 M | ||||
| Shares Outstanding | 109.57 M | ||||
| Shares Owned By Insiders | 23.21 % | ||||
| Number Of Shares Shorted | 303.15 K | ||||
| Price To Book | 25.22 X | ||||
| Price To Sales | 1.74 X | ||||
| Revenue | 16.79 M | ||||
| Gross Profit | 1.12 M | ||||
| EBITDA | (6.9 M) | ||||
| Net Income | (7.89 M) | ||||
| Cash And Equivalents | 12.98 M | ||||
| Cash Per Share | 0.66 X | ||||
| Total Debt | 1.8 M | ||||
| Debt To Equity | 6.30 % | ||||
| Current Ratio | 4.31 X | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (1.4 M) | ||||
| Short Ratio | 1.26 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Target Price | 0.7 | ||||
| Number Of Employees | 87 | ||||
| Beta | 1.43 | ||||
| Market Capitalization | 27.94 M | ||||
| Total Asset | 21.97 M | ||||
| Retained Earnings | (98.71 M) | ||||
| Working Capital | (3.51 M) | ||||
| Net Asset | 21.97 M |
About Avicanna Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avicanna's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avicanna using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avicanna based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Avicanna
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 Avicanna 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 Avicanna will appreciate offsetting losses from the drop in the long position's value.Moving against Avicanna Stock
The ability to find closely correlated positions to Avicanna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avicanna 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 Avicanna - 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 Avicanna to buy it.
The correlation of Avicanna 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 Avicanna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avicanna 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 Avicanna 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.Other Information on Investing in Avicanna Stock
Avicanna financial ratios help investors to determine whether Avicanna Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Avicanna with respect to the benefits of owning Avicanna security.