Avis Budget Group Stock Return On Asset
| CAR Stock | USD 100.25 6.31 5.92% |
Avis Budget Group fundamentals help investors to digest information that contributes to Avis Budget's financial success or failures. It also enables traders to predict the movement of Avis Stock. The fundamental analysis module provides a way to measure Avis Budget'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 Avis Budget stock.
As of 11/17/2024, Return On Assets is likely to drop to 0.03. Avis | Return On Asset |
Avis Budget Group Company Return On Asset Analysis
Avis Budget's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Avis Budget Return On Asset | 0.0329 |
Most of Avis Budget's fundamental indicators, such as Return On Asset, 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, Avis Budget Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Avis Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Avis Budget is extremely important. It helps to project a fair market value of Avis Stock properly, considering its historical fundamentals such as Return On Asset. Since Avis Budget'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 Avis Budget'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 Avis Budget's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Avis Total Assets
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Based on the latest financial disclosure, Avis Budget Group has a Return On Asset of 0.0329. This is 106.45% lower than that of the Ground Transportation sector and 98.56% lower than that of the Industrials industry. The return on asset for all United States stocks is 123.5% lower than that of the firm.
Avis Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avis Budget's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avis Budget could also be used in its relative valuation, which is a method of valuing Avis Budget by comparing valuation metrics of similar companies.Avis Budget is currently under evaluation in return on asset category among its peers.
Avis Budget ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Avis Budget's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Avis Budget's managers, analysts, and investors.Environmental | Governance | Social |
Avis Fundamentals
| Return On Equity | -2.73 | |||
| Return On Asset | 0.0329 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.19 % | |||
| Current Valuation | 29.75 B | |||
| Shares Outstanding | 35.14 M | |||
| Shares Owned By Insiders | 2.87 % | |||
| Shares Owned By Institutions | 97.13 % | |||
| Number Of Shares Shorted | 3.34 M | |||
| Price To Earning | 4.30 X | |||
| Price To Book | 7.14 X | |||
| Price To Sales | 0.30 X | |||
| Revenue | 12.01 B | |||
| Gross Profit | 6.01 B | |||
| EBITDA | 6.43 B | |||
| Net Income | 1.63 B | |||
| Cash And Equivalents | 579 M | |||
| Cash Per Share | 12.05 X | |||
| Total Debt | 26.45 B | |||
| Current Ratio | 0.76 X | |||
| Book Value Per Share | (6.68) X | |||
| Cash Flow From Operations | 3.83 B | |||
| Short Ratio | 5.13 X | |||
| Earnings Per Share | 11.21 X | |||
| Price To Earnings To Growth | 1.76 X | |||
| Target Price | 124.22 | |||
| Number Of Employees | 18 K | |||
| Beta | 2.14 | |||
| Market Capitalization | 3.52 B | |||
| Total Asset | 32.57 B | |||
| Retained Earnings | 3.85 B | |||
| Working Capital | (520 M) | |||
| Current Asset | 1.63 B | |||
| Current Liabilities | 1.51 B | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 32.57 B |
About Avis Budget Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avis Budget Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avis Budget using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avis Budget Group 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 Avis Budget
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 Avis Budget 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 Avis Budget will appreciate offsetting losses from the drop in the long position's value.Moving together with Avis Stock
Moving against Avis Stock
| 0.38 | MWG | Multi Ways Holdings | PairCorr |
| 0.35 | YAYO | Yayyo Inc | PairCorr |
| 0.32 | TRTN-PD | Triton International | PairCorr |
| 0.31 | ZCAR | Zoomcar Holdings Symbol Change | PairCorr |
The ability to find closely correlated positions to Avis Budget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avis Budget 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 Avis Budget - 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 Avis Budget Group to buy it.
The correlation of Avis Budget 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 Avis Budget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avis Budget Group 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 Avis Budget 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 Avis Stock Analysis
When running Avis Budget's price analysis, check to measure Avis Budget'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 Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.