Avicanna Net Income Per Share vs Roe Analysis
AVCN Stock | CAD 0.40 0.02 5.26% |
Avicanna financial indicator trend analysis is way more than just evaluating Avicanna prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avicanna is a good investment. Please check the relationship between Avicanna Net Income Per Share and its Roe accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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.
Net Income Per Share vs Roe
Net Income Per Share vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avicanna Net Income Per Share account and Roe. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Avicanna's Net Income Per Share and Roe is 0.19. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Roe in the same time period over historical financial statements of Avicanna, assuming nothing else is changed. The correlation between historical values of Avicanna's Net Income Per Share and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Avicanna are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Net Income Per Share i.e., Avicanna's Net Income Per Share and Roe go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income Per Share
Roe
Most indicators from Avicanna's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avicanna 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 Avicanna. 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. As of the 13th of December 2024, Enterprise Value is likely to grow to about 59.2 M, while Selling General Administrative is likely to drop about 11 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 437.1K | 2.9M | 10.2M | 10.7M | Reconciled Depreciation | 894.0K | 887.3K | 777.3K | 755.1K |
Avicanna fundamental ratios Correlations
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Avicanna Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avicanna fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 45.2M | 30.2M | 22.3M | 17.6M | 22.0M | 23.0M | |
Short Long Term Debt Total | 1.3M | 1.9M | 1.7M | 3.2M | 1.8M | 1.6M | |
Other Current Liab | 3.3M | 145.2K | 3.7M | 3.8M | 1.4M | 1.9M | |
Total Current Liabilities | 8.7M | 12.8M | 12.2M | 11.4M | 12.0M | 8.3M | |
Total Stockholder Equity | 22.4M | 6.0M | 1.1M | (383.6K) | (112.5K) | (106.9K) | |
Net Tangible Assets | 4.4M | 8.1M | 5.5M | 847.0K | 974.0K | 925.3K | |
Net Debt | 829.2K | 671.2K | 1.6M | 2.0M | 1.3M | 723.3K | |
Retained Earnings | (30.8M) | (62.0M) | (77.4M) | (90.8M) | (98.7M) | (93.8M) | |
Accounts Payable | 5.2M | 6.6M | 7.3M | 4.8M | 8.9M | 4.8M | |
Cash | 441.8K | 1.3M | 31.0K | 1.2M | 477.2K | 652.9K | |
Non Current Assets Total | 41.2M | 23.4M | 14.9M | 10.6M | 13.5M | 18.1M | |
Non Currrent Assets Other | 3.8M | 526.3K | (14.9M) | (10.6M) | (9.5M) | (9.0M) | |
Cash And Short Term Investments | 441.8K | 2.5M | 31.0K | 1.2M | 477.2K | 826.1K | |
Net Receivables | 1.2M | 1.0M | 2.3M | 2.1M | 3.0M | 3.1M | |
Common Stock Shares Outstanding | 20.5M | 29.4M | 41.3M | 59.2M | 84.7M | 88.9M | |
Long Term Debt Total | 1.0M | 161.1K | 415.8K | 401.4K | 461.6K | 320.4K | |
Liabilities And Stockholders Equity | 45.2M | 30.2M | 22.3M | 17.6M | 22.0M | 23.0M | |
Non Current Liabilities Total | 6.6M | 3.4M | 3.2M | 2.8M | 2.0M | 2.5M | |
Inventory | 1.6M | 1.9M | 4.1M | 3.2M | 4.5M | 4.8M | |
Other Current Assets | 117.4K | 1.3M | 901.3K | 481.0K | 470.7K | 577.8K | |
Total Liab | 15.3M | 16.2M | 15.4M | 14.2M | 14.0M | 10.8M | |
Total Current Assets | 4.0M | 6.8M | 7.4M | 7.1M | 8.5M | 5.0M | |
Short Term Debt | 225.0K | 1.8M | 1.2M | 2.8M | 1.7M | 1.1M | |
Intangible Assets | 11.1M | 497.5K | 299.2K | 167.6K | 1.2M | 1.1M | |
Common Stock | 46.0M | 57.5M | 66.2M | 74.9M | 81.0M | 48.1M | |
Property Plant Equipment | 23.2M | 21.8M | 14.5M | 10.4M | 11.9M | 13.6M | |
Property Plant And Equipment Net | 23.2M | 21.8M | 14.5M | 10.4M | 12.0M | 15.5M | |
Other Stockholder Equity | 8.3M | 12.7M | 16.5M | 18.5M | 21.3M | 11.6M | |
Net Invested Capital | 23.1M | 7.6M | 2.7M | 2.5M | 1.4M | 1.4M | |
Property Plant And Equipment Gross | 23.2M | 23.4M | 16.3M | 11.9M | 14.3M | 16.6M | |
Accumulated Other Comprehensive Income | (1.1M) | (2.1M) | (4.2M) | (3.0M) | 17.6M | 18.5M | |
Net Working Capital | (4.8M) | (6.1M) | (4.8M) | (4.3M) | (3.5M) | (3.7M) | |
Other Liab | 5.5M | 3.3M | 2.8M | 2.4M | 2.1M | 2.7M | |
Capital Stock | 46.0M | 57.5M | 66.2M | 74.9M | 81.0M | 63.6M |
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
Balance Sheet is a snapshot of the financial position of Avicanna at a specified time, usually calculated after every quarter, six months, or one year. Avicanna Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Avicanna and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Avicanna currently owns. An asset can also be divided into two categories, current and non-current.