Axon Days Of Inventory On Hand from 2010 to 2024

AXON Stock  USD 313.30  5.07  1.64%   
Axon Enterprise Days Of Inventory On Hand yearly trend continues to be very stable with very little volatility. Days Of Inventory On Hand is likely to drop to 131.91. During the period from 2010 to 2024, Axon Enterprise Days Of Inventory On Hand quarterly data regression pattern had sample variance of  1,162 and median of  106.20. View All Fundamentals
 
Days Of Inventory On Hand  
First Reported
2010-12-31
Previous Quarter
161.99937008
Current Value
131.91
Quarterly Volatility
34.0919256
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Axon Enterprise financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Axon main balance sheet or income statement drivers, such as Depreciation And Amortization of 34.3 M, Interest Expense of 7.1 M or Selling General Administrative of 425.4 M, as well as many exotic indicators such as Price To Sales Ratio of 12.87, Dividend Yield of 0.0 or PTB Ratio of 12.48. Axon financial statements analysis is a perfect complement when working with Axon Enterprise Valuation or Volatility modules.
  
This module can also supplement Axon Enterprise's financial leverage analysis and stock options assessment as well as various Axon Enterprise Technical models . Check out the analysis of Axon Enterprise Correlation against competitors.
To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.

Latest Axon Enterprise's Days Of Inventory On Hand Growth Pattern

Below is the plot of the Days Of Inventory On Hand of Axon Enterprise over the last few years. It is Axon Enterprise's Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Axon Enterprise's overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory On Hand10 Years Trend
Slightly volatile
   Days Of Inventory On Hand   
       Timeline  

Axon Days Of Inventory On Hand Regression Statistics

Arithmetic Mean105.62
Geometric Mean100.12
Coefficient Of Variation32.28
Mean Deviation28.53
Median106.20
Standard Deviation34.09
Sample Variance1,162
Range115
R-Value0.72
Mean Square Error610.39
R-Squared0.51
Significance0
Slope5.46
Total Sum of Squares16,272

Axon Days Of Inventory On Hand History

2024 131.91
2023 162.0
2022 160.2
2021 123.02
2020 124.06
2019 63.42
2018 76.31

About Axon Enterprise Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Axon Enterprise income statement, its balance sheet, and the statement of cash flows. Axon Enterprise investors use historical funamental indicators, such as Axon Enterprise's Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Axon Enterprise investors may use each financial statement separately, they are all related. The changes in Axon Enterprise's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Axon Enterprise's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Axon Enterprise Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Axon Enterprise. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 162.00  131.91 

Pair Trading with Axon Enterprise

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 Axon Enterprise 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 Axon Enterprise will appreciate offsetting losses from the drop in the long position's value.

Moving together with Axon Stock

  0.81CW Curtiss Wright Financial Report 1st of May 2024 PairCorr
  0.68EH Ehang HoldingsPairCorr
  0.7GD General Dynamics Earnings Call TomorrowPairCorr

Moving against Axon Stock

  0.85EVEX Eve Holding Financial Report 14th of May 2024 PairCorr
  0.77DPRO Draganfly Financial Report 14th of May 2024 PairCorr
  0.66AZ A2Z Smart TechnologiesPairCorr
  0.63BA Boeing Financial Report 24th of July 2024 PairCorr
  0.6CVU CPI AerostructuresPairCorr
The ability to find closely correlated positions to Axon Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axon Enterprise 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 Axon Enterprise - 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 Axon Enterprise to buy it.
The correlation of Axon Enterprise 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 Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise 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 Axon Enterprise 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.
Pair CorrelationCorrelation Matching
When determining whether Axon Enterprise offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axon Enterprise's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Axon Enterprise Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axon Enterprise Stock:
Check out the analysis of Axon Enterprise Correlation against competitors.
To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Axon Stock analysis

When running Axon Enterprise's price analysis, check to measure Axon Enterprise'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 Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Is Axon Enterprise'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 Axon Enterprise. If investors know Axon 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 Axon Enterprise 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
0.866
Earnings Share
2.31
Revenue Per Share
21.071
Quarterly Revenue Growth
0.286
Return On Assets
0.0312
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise'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 Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise'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 Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise'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.