Avante Logixx Stock Beta
| XX Stock | CAD 0.91 0.01 1.11% |
Avante Logixx fundamentals help investors to digest information that contributes to Avante Logixx's financial success or failures. It also enables traders to predict the movement of Avante Stock. The fundamental analysis module provides a way to measure Avante Logixx'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 Avante Logixx stock.
Avante | Beta |
Avante Logixx Company Beta Analysis
Avante Logixx's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Avante Logixx Beta | 1.44 |
Most of Avante Logixx's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avante Logixx is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Avante Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Avante Logixx is extremely important. It helps to project a fair market value of Avante Stock properly, considering its historical fundamentals such as Beta. Since Avante Logixx's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avante Logixx's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avante Logixx's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Avante Logixx has a Beta of 1.442. This is 5.26% higher than that of the Electronic Equipment, Instruments & Components sector and 279.47% higher than that of the Information Technology industry. The beta for all Canada stocks is notably lower than that of the firm.
Avante Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avante Logixx's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avante Logixx could also be used in its relative valuation, which is a method of valuing Avante Logixx by comparing valuation metrics of similar companies.Avante Logixx is currently under evaluation in beta category among its peers.
Avante Logixx Current Valuation Drivers
We derive many important indicators used in calculating different scores of Avante Logixx from analyzing Avante Logixx's financial statements. These drivers represent accounts that assess Avante Logixx's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Avante Logixx's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 32.2M | 20.5M | 26.2M | 23.1M | 3.7M | 3.5M | |
| Enterprise Value | 44.5M | 29.9M | 18.2M | 18.6M | 16.7M | 18.2M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avante Logixx will likely underperform.
Avante Fundamentals
| Return On Equity | -0.27 | ||||
| Return On Asset | -0.0675 | ||||
| Profit Margin | (0.13) % | ||||
| Operating Margin | 0.0005 % | ||||
| Current Valuation | 20.7 M | ||||
| Shares Outstanding | 26.64 M | ||||
| Shares Owned By Insiders | 58.69 % | ||||
| Number Of Shares Shorted | 720 | ||||
| Price To Earning | 110.00 X | ||||
| Price To Book | 1.95 X | ||||
| Price To Sales | 0.77 X | ||||
| Revenue | 24.95 M | ||||
| Gross Profit | 13.13 M | ||||
| EBITDA | (1.48 M) | ||||
| Net Income | (3.05 M) | ||||
| Cash And Equivalents | 2.92 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 1.47 M | ||||
| Debt To Equity | 1.49 % | ||||
| Current Ratio | 1.87 X | ||||
| Book Value Per Share | 0.47 X | ||||
| Cash Flow From Operations | (992.58 K) | ||||
| Short Ratio | 0.02 X | ||||
| Earnings Per Share | (0.15) X | ||||
| Target Price | 2.25 | ||||
| Number Of Employees | 187 | ||||
| Beta | 1.44 | ||||
| Market Capitalization | 26.64 M | ||||
| Total Asset | 25.17 M | ||||
| Retained Earnings | (18.73 M) | ||||
| Working Capital | 6.52 M | ||||
| Net Asset | 25.17 M |
About Avante Logixx Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avante Logixx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avante Logixx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avante Logixx 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.
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Additional Tools for Avante Stock Analysis
When running Avante Logixx's price analysis, check to measure Avante Logixx'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 Avante Logixx is operating at the current time. Most of Avante Logixx's value examination focuses on studying past and present price action to predict the probability of Avante Logixx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avante Logixx's price. Additionally, you may evaluate how the addition of Avante Logixx to your portfolios can decrease your overall portfolio volatility.