AVNT Stock | | | USD 49.16 0.16 0.32% |
Avient Corp financial indicator trend analysis is way more than just evaluating Avient Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avient Corp is a good investment. Please check the relationship between Avient Corp Non Current Assets Total and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avient Corp. 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.
For more information on how to buy Avient Stock please use our
How to Invest in Avient Corp guide.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Avient Corp Non Current Assets Total account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Avient Corp's Non Current Assets Total and Cash is 0.52. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of Avient Corp, assuming nothing else is changed. The correlation between historical values of Avient Corp's Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Avient Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Avient Corp's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Cash
Cash refers to the most liquid asset of Avient Corp, which is listed under current asset account on Avient Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avient Corp customers. The amounts must be unrestricted with restricted cash listed in a different Avient Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Avient Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avient Corp 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 Avient Corp. 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.
For more information on how to buy Avient Stock please use our
How to Invest in Avient Corp guide.At this time, Avient Corp's
Discontinued Operations is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 14.25 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
Avient Corp fundamental ratios Correlations
Click cells to compare fundamentals
Avient Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avient Corp fundamental ratios Accounts
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Additional Tools for Avient Stock Analysis
When running Avient Corp's price analysis, check to
measure Avient Corp'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 Avient Corp is operating at the current time. Most of Avient Corp's value examination focuses on studying past and present price action to
predict the probability of Avient Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avient Corp's price. Additionally, you may evaluate how the addition of Avient Corp to your portfolios can decrease your overall portfolio volatility.