Avnet Common Stock Total Equity vs Short Term Debt Analysis
AVT Stock | USD 53.43 0.28 0.52% |
Avnet financial indicator trend analysis is way more than just evaluating Avnet Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avnet Inc is a good investment. Please check the relationship between Avnet Common Stock Total Equity and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avnet Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Common Stock Total Equity vs Short Term Debt
Common Stock Total Equity vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avnet Inc Common Stock Total Equity account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Avnet's Common Stock Total Equity and Short Term Debt is 0.66. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Avnet Inc, assuming nothing else is changed. The correlation between historical values of Avnet's Common Stock Total Equity and Short Term 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 Common Stock Total Equity of Avnet Inc are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock Total Equity i.e., Avnet's Common Stock Total Equity and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Short Term Debt
Most indicators from Avnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avnet Inc 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 Avnet Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. At this time, Avnet's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.72 in 2024, whereas Enterprise Value is likely to drop slightly above 837.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.0B | 3.2B | 3.7B | 1.9B | Total Revenue | 24.3B | 26.5B | 30.5B | 32.0B |
Avnet fundamental ratios Correlations
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Avnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avnet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.1B | 8.9B | 10.4B | 12.5B | 14.3B | 15.1B | |
Short Long Term Debt Total | 1.7B | 1.5B | 1.9B | 3.3B | 3.8B | 4.0B | |
Other Current Liab | 472.9M | 572.5M | 591.0M | 753.1M | 866.1M | 909.4M | |
Total Current Liabilities | 2.3B | 3.1B | 4.3B | 4.2B | 4.9B | 5.1B | |
Total Stockholder Equity | 3.7B | 4.1B | 4.2B | 4.8B | 5.5B | 2.9B | |
Property Plant And Equipment Net | 680.5M | 634.4M | 542.3M | 663.3M | 762.7M | 800.9M | |
Net Debt | 1.3B | 1.3B | 1.7B | 3.0B | 3.5B | 3.6B | |
Retained Earnings | 2.4B | 2.5B | 2.9B | 3.4B | 3.9B | 1.9B | |
Cash | 477.0M | 199.7M | 153.7M | 288.2M | 331.5M | 452.7M | |
Non Current Assets Total | 1.8B | 1.8B | 1.5B | 1.7B | 2.0B | 1.4B | |
Cash And Short Term Investments | 477.0M | 199.7M | 153.7M | 288.2M | 331.5M | 460.8M | |
Net Receivables | 2.9B | 3.6B | 4.3B | 4.8B | 5.5B | 5.8B | |
Common Stock Shares Outstanding | 100.5M | 100.2M | 99.8M | 93.4M | 107.4M | 119.8M | |
Liabilities And Stockholders Equity | 8.1B | 8.9B | 10.4B | 12.5B | 14.3B | 15.1B | |
Non Current Liabilities Total | 2.1B | 1.8B | 1.9B | 3.5B | 4.0B | 4.2B | |
Inventory | 2.7B | 3.2B | 4.2B | 5.5B | 6.3B | 6.6B | |
Other Current Assets | 191.4M | 150.8M | 177.8M | 233.8M | 268.9M | 141.3M | |
Other Stockholder Equity | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Total Liab | 4.4B | 4.8B | 6.2B | 7.7B | 8.9B | 9.3B | |
Property Plant And Equipment Gross | 680.5M | 634.4M | 542.3M | 663.3M | 762.7M | 800.9M | |
Total Current Assets | 6.3B | 7.2B | 8.9B | 10.8B | 12.4B | 13.0B | |
Accumulated Other Comprehensive Income | (388.4M) | (153.7M) | (481.2M) | (409.4M) | (368.4M) | (350.0M) | |
Short Term Debt | 53.4M | 81.4M | 229.0M | 122.4M | 140.8M | 239.9M | |
Intangible Assets | 143.5M | 65.4M | 28.5M | 12.7M | 11.4M | 10.8M | |
Non Currrent Assets Other | 256.7M | 260.9M | 198.1M | 282.4M | 324.8M | 233.1M | |
Accounts Payable | 1.8B | 2.4B | 3.4B | 3.4B | 3.9B | 4.1B | |
Good Will | 773.7M | 838.1M | 758.8M | 780.6M | 702.6M | 667.4M | |
Common Stock Total Equity | 98.8M | 99.6M | 95.7M | 91.5M | 105.2M | 119.5M | |
Common Stock | 98.8M | 99.6M | 95.7M | 91.5M | 105.2M | 119.5M | |
Other Assets | 256.7M | 521.8M | 198.1M | 282.4M | 324.8M | 322.5M | |
Long Term Debt | 1.4B | 1.2B | 1.4B | 3.0B | 3.4B | 3.6B | |
Property Plant Equipment | 680.5M | 1.3B | 542.3M | 441.6M | 507.8M | 474.1M | |
Other Liab | 419.9M | 709.7M | 307.3M | 297.5M | 342.1M | 233.5M | |
Net Tangible Assets | 2.9B | 6.4B | 3.4B | 4.0B | 4.6B | 3.8B | |
Retained Earnings Total Equity | 2.4B | 2.5B | 2.9B | 3.4B | 3.9B | 3.2B | |
Long Term Debt Total | 1.4B | 1.2B | 1.4B | 3.0B | 3.4B | 3.6B | |
Capital Surpluse | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 1.6B | |
Non Current Liabilities Other | 419.9M | 354.8M | 506.7M | 297.5M | 342.1M | 311.5M |
Pair Trading with Avnet
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 Avnet 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 Avnet will appreciate offsetting losses from the drop in the long position's value.Moving together with Avnet Stock
Moving against Avnet Stock
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0.77 | TAIT | Taitron Components | PairCorr |
The ability to find closely correlated positions to Avnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avnet 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 Avnet - 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 Avnet Inc to buy it.
The correlation of Avnet 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 Avnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avnet Inc 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 Avnet 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.Additional Tools for Avnet Stock Analysis
When running Avnet's price analysis, check to measure Avnet'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 Avnet is operating at the current time. Most of Avnet's value examination focuses on studying past and present price action to predict the probability of Avnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avnet's price. Additionally, you may evaluate how the addition of Avnet to your portfolios can decrease your overall portfolio volatility.