Avino Extraordinary Items vs Operating Income Analysis
ASM Stock | CAD 1.22 0.02 1.67% |
Avino Silver financial indicator trend analysis is way more than just evaluating Avino Silver Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avino Silver Gold is a good investment. Please check the relationship between Avino Silver Extraordinary Items and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Extraordinary Items vs Operating Income
Extraordinary Items vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Extraordinary Items account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Avino Silver's Extraordinary Items and Operating Income is -0.13. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Operating Income in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Extraordinary Items and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Avino Silver Gold are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Extraordinary Items i.e., Avino Silver's Extraordinary Items and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Extraordinary Items
Operating Income
Operating Income is the amount of profit realized from Avino Silver Gold operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Avino Silver Gold is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Avino Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver Gold 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 Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 16th of May 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, though Tax Provision is likely to grow to (999.4 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 76K | 372K | 381K | 337.8K | Depreciation And Amortization | 2.1M | 2.2M | 2.5M | 2.6M |
Avino Silver fundamental ratios Correlations
Click cells to compare fundamentals
Avino Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avino Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 72.6M | 68.8M | 86.3M | 121.2M | 128.3M | 134.8M | |
Short Long Term Debt Total | 7.3M | 3.1M | 1.1M | 6.7M | 7.7M | 5.9M | |
Other Current Liab | 380K | 161K | 194K | 1.4M | 1.6M | 1.7M | |
Total Current Liabilities | 9.6M | 5.0M | 3.8M | 16.8M | 13.8M | 14.5M | |
Total Stockholder Equity | 53.9M | 59.0M | 78.5M | 98.0M | 106.0M | 111.3M | |
Property Plant And Equipment Net | 45.5M | 44.9M | 46.7M | 93.9M | 103.2M | 108.3M | |
Net Debt | (2.3M) | (8.6M) | (23.7M) | (4.6M) | (4.1M) | (3.9M) | |
Retained Earnings | (47.2M) | (54.3M) | (56.0M) | (52.0M) | (51.4M) | (48.9M) | |
Accounts Payable | 4.9M | 2.1M | 3.3M | 9.5M | 11.9M | 12.5M | |
Cash | 9.6M | 11.7M | 24.8M | 11.2M | 2.7M | 2.6M | |
Non Current Assets Total | 49.8M | 49.1M | 50.8M | 95.6M | 104.8M | 110.0M | |
Cash And Short Term Investments | 9.6M | 11.7M | 24.8M | 11.2M | 12.9M | 13.6M | |
Net Receivables | 7.0M | 5.6M | 4.6M | 6.4M | 3.3M | 3.0M | |
Common Stock Shares Outstanding | 70.0M | 83.2M | 100.2M | 117.6M | 128.7M | 135.2M | |
Liabilities And Stockholders Equity | 72.6M | 68.8M | 86.3M | 121.2M | 139.4M | 146.3M | |
Non Current Liabilities Total | 9.1M | 4.8M | 3.9M | 6.4M | 8.5M | 6.1M | |
Other Current Assets | 594K | 757K | 962K | 1.7M | 2.0M | 2.1M | |
Total Liab | 18.6M | 9.8M | 7.8M | 23.2M | 22.3M | 23.5M | |
Property Plant And Equipment Gross | 45.5M | 44.9M | 69.7M | 118.9M | 130.4M | 137.0M | |
Total Current Assets | 22.8M | 19.7M | 35.5M | 25.6M | 23.5M | 12.6M | |
Accumulated Other Comprehensive Income | 4.8M | 5.1M | 4.6M | 4.6M | 5.3M | 3.8M | |
Common Stock Total Equity | 81.5M | 88.0M | 96.4M | 108.3M | 124.5M | 75.8M | |
Inventory | 5.6M | 1.7M | 5.2M | 6.3M | 8.8M | 5.7M | |
Short Term Debt | 4.3M | 2.8M | 389K | 5.9M | 6.8M | 3.7M | |
Common Stock | 96.4M | 108.3M | 130.0M | 145.5M | 167.3M | 89.6M | |
Other Liab | 16.4M | 6.0M | 4.5M | 3.2M | 2.9M | 2.8M | |
Net Tangible Assets | 75.2M | 53.9M | 59.0M | 78.5M | 90.3M | 61.7M | |
Long Term Investments | 3.2M | 4.2M | 3.9M | 1.7M | 934K | 1.4M | |
Short Long Term Debt | 1.5M | 3.6M | 72K | 5.0M | 164K | 155.8K | |
Property Plant Equipment | 45.5M | 44.9M | 46.7M | 93.9M | 107.9M | 63.4M | |
Long Term Debt | 6.3M | 2.6M | 0.0 | 195K | 175.5K | 166.7K | |
Long Term Debt Total | 3.0M | 278K | 680K | 745K | 670.5K | 637.0K | |
Capital Lease Obligations | 1.1M | 486K | 1.1M | 1.7M | 3.1M | 3.2M | |
Net Invested Capital | 56.7M | 59.1M | 78.5M | 103.0M | 106.4M | 88.1M | |
Net Working Capital | 13.2M | 14.7M | 31.6M | 8.8M | 9.7M | 12.3M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avino Silver in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.
Pair Trading with Avino Silver
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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Avino Stock
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Moving against Avino Stock
0.48 | IBM | International Business | PairCorr |
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Avino Stock analysis
When running Avino Silver's price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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