Aerovironment Stock Beta
| AVAV Stock | USD 168.77 3.05 1.84% |
AeroVironment fundamentals help investors to digest information that contributes to AeroVironment's financial success or failures. It also enables traders to predict the movement of AeroVironment Stock. The fundamental analysis module provides a way to measure AeroVironment'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 AeroVironment stock.
AeroVironment | Beta |
AeroVironment Company Beta Analysis
AeroVironment'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 AeroVironment Beta | 0.45 |
Most of AeroVironment'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, AeroVironment is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AeroVironment Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for AeroVironment is extremely important. It helps to project a fair market value of AeroVironment Stock properly, considering its historical fundamentals such as Beta. Since AeroVironment'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 AeroVironment'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 AeroVironment'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, AeroVironment has a Beta of 0.448. This is 67.3% lower than that of the Aerospace & Defense sector and 51.83% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
AeroVironment Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AeroVironment'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 AeroVironment could also be used in its relative valuation, which is a method of valuing AeroVironment by comparing valuation metrics of similar companies.AeroVironment is currently under evaluation in beta category among related companies.
AeroVironment Current Valuation Drivers
We derive many important indicators used in calculating different scores of AeroVironment from analyzing AeroVironment's financial statements. These drivers represent accounts that assess AeroVironment's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AeroVironment's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.4B | 2.7B | 2.0B | 2.5B | 2.3B | 2.4B | |
| Enterprise Value | 1.2B | 2.7B | 2.1B | 2.6B | 2.3B | 2.4B |
AeroVironment Institutional Holders
Institutional Holdings refers to the ownership stake in AeroVironment that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AeroVironment's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AeroVironment's value.| Shares | Fmr Inc | 2023-12-31 | 424.4 K | Sumitomo Mitsui Trust Holdings Inc | 2023-12-31 | 378.6 K | Nikko Asset Management Americas Inc | 2023-12-31 | 378.1 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 366.2 K | Bank Of New York Mellon Corp | 2023-12-31 | 365.3 K | Congress Asset Management Company, Llp | 2023-12-31 | 322.4 K | Nuveen Asset Management, Llc | 2023-12-31 | 303.4 K | Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 288.2 K | Northern Trust Corp | 2023-12-31 | 278.3 K | Blackrock Inc | 2023-12-31 | 4.5 M | Vanguard Group Inc | 2023-12-31 | 2.9 M |
As returns on the market increase, AeroVironment's returns are expected to increase less than the market. However, during the bear market, the loss of holding AeroVironment is expected to be smaller as well.
AeroVironment Fundamentals
| Return On Equity | -0.15 | ||||
| Return On Asset | 0.068 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 4.59 B | ||||
| Shares Outstanding | 28.14 M | ||||
| Shares Owned By Insiders | 1.06 % | ||||
| Shares Owned By Institutions | 87.55 % | ||||
| Number Of Shares Shorted | 848.9 K | ||||
| Price To Earning | 71.89 X | ||||
| Price To Book | 5.09 X | ||||
| Price To Sales | 5.86 X | ||||
| Revenue | 540.54 M | ||||
| Gross Profit | 173.51 M | ||||
| EBITDA | 77.01 M | ||||
| Net Income | (176.17 M) | ||||
| Cash And Equivalents | 132.86 M | ||||
| Cash Per Share | 4.27 X | ||||
| Total Debt | 162.82 M | ||||
| Debt To Equity | 0.35 % | ||||
| Current Ratio | 3.73 X | ||||
| Book Value Per Share | 29.08 X | ||||
| Cash Flow From Operations | 11.4 M | ||||
| Short Ratio | 2.57 X | ||||
| Earnings Per Share | (4.43) X | ||||
| Price To Earnings To Growth | 1.72 X | ||||
| Target Price | 162.6 | ||||
| Number Of Employees | 1.26 K | ||||
| Beta | 0.45 | ||||
| Market Capitalization | 4.66 B | ||||
| Total Asset | 824.58 M | ||||
| Retained Earnings | 171.02 M | ||||
| Working Capital | 355.67 M | ||||
| Current Asset | 349.7 M | ||||
| Current Liabilities | 46.34 M | ||||
| Net Asset | 824.58 M |
About AeroVironment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AeroVironment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AeroVironment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AeroVironment 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 AeroVironment
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 AeroVironment 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 AeroVironment will appreciate offsetting losses from the drop in the long position's value.Moving together with AeroVironment Stock
| 0.69 | CW | Curtiss Wright | PairCorr |
Moving against AeroVironment Stock
| 0.74 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.63 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.62 | AZ | A2Z Smart Technologies | PairCorr |
| 0.57 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to AeroVironment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AeroVironment 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 AeroVironment - 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 AeroVironment to buy it.
The correlation of AeroVironment 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 AeroVironment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AeroVironment 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 AeroVironment 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.Check out AeroVironment Piotroski F Score and AeroVironment Altman Z Score analysis. For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.Note that the AeroVironment information on this page should be used as a complementary analysis to other AeroVironment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for AeroVironment Stock analysis
When running AeroVironment's price analysis, check to measure AeroVironment'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 AeroVironment is operating at the current time. Most of AeroVironment's value examination focuses on studying past and present price action to predict the probability of AeroVironment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AeroVironment's price. Additionally, you may evaluate how the addition of AeroVironment to your portfolios can decrease your overall portfolio volatility.
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Is AeroVironment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AeroVironment. If investors know AeroVironment will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AeroVironment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.36) | Earnings Share (4.43) | Revenue Per Share 26.551 | Quarterly Revenue Growth 0.388 | Return On Assets 0.068 |
The market value of AeroVironment is measured differently than its book value, which is the value of AeroVironment that is recorded on the company's balance sheet. Investors also form their own opinion of AeroVironment's value that differs from its market value or its book value, called intrinsic value, which is AeroVironment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AeroVironment's market value can be influenced by many factors that don't directly affect AeroVironment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AeroVironment's value and its price as these two are different measures arrived at by different means. Investors typically determine if AeroVironment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AeroVironment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.