Avenira financial indicator trend analysis is way more than just evaluating Avenira prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avenira is a good investment. Please check the relationship between Avenira Total Current Assets and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avenira. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Current Assets vs Net Debt
Total Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Avenira Total Current Assets account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Avenira's Total Current Assets and Net Debt is -0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Avenira, assuming nothing else is changed. The correlation between historical values of Avenira's Total Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Avenira are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Avenira's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Avenira's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avenira 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 Avenira. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 486.6
K in 2025.
Discontinued Operations is likely to drop to about (2.1
M) in 2025
Avenira fundamental ratios Correlations
Click cells to compare fundamentals
Avenira Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avenira fundamental ratios Accounts
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Additional Tools for Avenira Stock Analysis
When running Avenira's price analysis, check to
measure Avenira'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 Avenira is operating at the current time. Most of Avenira's value examination focuses on studying past and present price action to
predict the probability of Avenira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avenira's price. Additionally, you may evaluate how the addition of Avenira to your portfolios can decrease your overall portfolio volatility.