Allovir Capital Expenditures vs Free Cash Flow Analysis

ALVR Stock

USD 0.77 0.03 3.75%

Allovir financial indicator trend analysis is way more than just evaluating Allovir prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allovir is a good investment. Please check the relationship between Allovir Capital Expenditures and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allovir. 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.

To learn how to invest in Allovir Stock, please use our How to Invest in Allovir guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allovir Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Allovir's Capital Expenditures and Free Cash Flow is 0.96. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Allovir, assuming nothing else is changed. The correlation between historical values of Allovir's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Allovir are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Allovir's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Allovir to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Allovir operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Allovir's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allovir 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 Allovir. 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.

To learn how to invest in Allovir Stock, please use our How to Invest in Allovir guide.At this time, Allovir's Issuance Of Capital Stock is relatively stable compared to the past year. As of 10/20/2024, Sales General And Administrative To Revenue is likely to grow to 60.81, while Selling General Administrative is likely to drop slightly above 33.9 M.

	2021	2022	2023	2024 (projected)
Interest Income	1.3M	1.9M	5.3M	5.5M
Net Interest Income	1.3M	1.9M	5.3M	5.5M

Interest Income Net Interest Income

Allovir fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Short Long Term Debt Total	Property Plant And Equipment Net
Total Assets		0.84	0.79	0.96	0.94	-0.33	-0.87	-0.65	0.65	0.91	0.72	0.52	0.59	1.0	-0.19	0.48	-0.35	-0.92	0.89	0.69	-0.11	0.96	1.0	0.99	0.61	0.27
Other Current Liab	0.84		0.97	0.79	0.79	-0.33	-0.91	-0.72	0.91	0.97	0.85	0.16	0.77	0.81	-0.57	0.65	-0.33	-0.81	0.84	0.8	-0.03	0.79	0.82	0.78	0.85	0.5
Total Current Liabilities	0.79	0.97		0.75	0.79	-0.42	-0.84	-0.82	0.97	0.92	0.76	0.06	0.68	0.77	-0.63	0.77	-0.37	-0.79	0.81	0.87	-0.07	0.75	0.77	0.72	0.89	0.39
Total Stockholder Equity	0.96	0.79	0.75		0.98	-0.3	-0.84	-0.64	0.63	0.86	0.64	0.36	0.51	0.96	-0.32	0.38	-0.59	-0.79	0.89	0.7	-0.38	1.0	0.96	0.96	0.59	0.26
Net Tangible Assets	0.94	0.79	0.79	0.98		-0.36	-0.81	-0.72	0.7	0.84	0.59	0.32	0.46	0.94	-0.34	0.5	-0.6	-0.8	0.86	0.76	-0.38	0.98	0.94	0.93	0.62	0.17
Current Deferred Revenue	-0.33	-0.33	-0.42	-0.3	-0.36		0.14	0.78	-0.44	-0.31	0.11	0.15	0.09	-0.34	0.23	-0.56	0.32	0.43	-0.29	-0.72	0.09	-0.3	-0.34	-0.32	-0.43	0.51
Net Debt	-0.87	-0.91	-0.84	-0.84	-0.81	0.14		0.48	-0.78	-0.98	-0.77	-0.38	-0.89	-0.86	0.38	-0.37	0.33	0.76	-0.73	-0.56	0.09	-0.84	-0.86	-0.84	-0.58	-0.46
Retained Earnings	-0.65	-0.72	-0.82	-0.64	-0.72	0.78	0.48		-0.78	-0.64	-0.42	0.1	-0.17	-0.64	0.52	-0.87	0.44	0.72	-0.74	-0.98	0.16	-0.64	-0.65	-0.61	-0.85	0.03
Accounts Payable	0.65	0.91	0.97	0.63	0.7	-0.44	-0.78	-0.78		0.85	0.63	-0.06	0.68	0.63	-0.67	0.77	-0.39	-0.67	0.65	0.83	-0.1	0.63	0.64	0.58	0.83	0.28
Cash	0.91	0.97	0.92	0.86	0.84	-0.31	-0.98	-0.64	0.85		0.8	0.32	0.82	0.89	-0.44	0.52	-0.35	-0.84	0.81	0.72	-0.07	0.86	0.89	0.87	0.71	0.42
Non Current Assets Total	0.72	0.85	0.76	0.64	0.59	0.11	-0.77	-0.42	0.63	0.8		0.24	0.7	0.67	-0.44	0.46	-0.09	-0.67	0.83	0.51	0.12	0.64	0.67	0.65	0.75	0.83
Non Currrent Assets Other	0.52	0.16	0.06	0.36	0.32	0.15	-0.38	0.1	-0.06	0.32	0.24		0.34	0.54	0.69	-0.02	0.42	-0.59	0.2	-0.16	0.46	0.36	0.54	0.57	-0.22	-0.05
Other Assets	0.59	0.77	0.68	0.51	0.46	0.09	-0.89	-0.17	0.68	0.82	0.7	0.34		0.57	-0.31	0.21	-0.03	-0.54	0.41	0.26	0.16	0.51	0.56	0.54	0.39	0.53
Cash And Short Term Investments	1.0	0.81	0.77	0.96	0.94	-0.34	-0.86	-0.64	0.63	0.89	0.67	0.54	0.57		-0.15	0.46	-0.36	-0.92	0.86	0.67	-0.12	0.96	1.0	1.0	0.56	0.22
Net Receivables	-0.19	-0.57	-0.63	-0.32	-0.34	0.23	0.38	0.52	-0.67	-0.44	-0.44	0.69	-0.31	-0.15		-0.38	0.66	0.05	-0.45	-0.64	0.51	-0.32	-0.16	-0.11	-0.74	-0.47
Common Stock Shares Outstanding	0.48	0.65	0.77	0.38	0.5	-0.56	-0.37	-0.87	0.77	0.52	0.46	-0.02	0.21	0.46	-0.38		-0.05	-0.69	0.58	0.81	0.22	0.38	0.46	0.42	0.82	0.06
Non Current Liabilities Total	-0.35	-0.33	-0.37	-0.59	-0.6	0.32	0.33	0.44	-0.39	-0.35	-0.09	0.42	-0.03	-0.36	0.66	-0.05		0.05	-0.44	-0.55	0.94	-0.59	-0.36	-0.35	-0.37	-0.03
Inventory	-0.92	-0.81	-0.79	-0.79	-0.8	0.43	0.76	0.72	-0.67	-0.84	-0.67	-0.59	-0.54	-0.92	0.05	-0.69	0.05		-0.79	-0.69	-0.23	-0.79	-0.91	-0.9	-0.62	-0.15
Other Current Assets	0.89	0.84	0.81	0.89	0.86	-0.29	-0.73	-0.74	0.65	0.81	0.83	0.2	0.41	0.86	-0.45	0.58	-0.44	-0.79		0.8	-0.2	0.89	0.87	0.85	0.82	0.5
Other Stockholder Equity	0.69	0.8	0.87	0.7	0.76	-0.72	-0.56	-0.98	0.83	0.72	0.51	-0.16	0.26	0.67	-0.64	0.81	-0.55	-0.69	0.8		-0.26	0.7	0.68	0.64	0.9	0.11
Total Liab	-0.11	-0.03	-0.07	-0.38	-0.38	0.09	0.09	0.16	-0.1	-0.07	0.12	0.46	0.16	-0.12	0.51	0.22	0.94	-0.23	-0.2	-0.26		-0.38	-0.13	-0.13	-0.1	0.03
Net Invested Capital	0.96	0.79	0.75	1.0	0.98	-0.3	-0.84	-0.64	0.63	0.86	0.64	0.36	0.51	0.96	-0.32	0.38	-0.59	-0.79	0.89	0.7	-0.38		0.96	0.96	0.59	0.26
Total Current Assets	1.0	0.82	0.77	0.96	0.94	-0.34	-0.86	-0.65	0.64	0.89	0.67	0.54	0.56	1.0	-0.16	0.46	-0.36	-0.91	0.87	0.68	-0.13	0.96		1.0	0.57	0.22
Net Working Capital	0.99	0.78	0.72	0.96	0.93	-0.32	-0.84	-0.61	0.58	0.87	0.65	0.57	0.54	1.0	-0.11	0.42	-0.35	-0.9	0.85	0.64	-0.13	0.96	1.0		0.52	0.2
Short Long Term Debt Total	0.61	0.85	0.89	0.59	0.62	-0.43	-0.58	-0.85	0.83	0.71	0.75	-0.22	0.39	0.56	-0.74	0.82	-0.37	-0.62	0.82	0.9	-0.1	0.59	0.57	0.52		0.48
Property Plant And Equipment Net	0.27	0.5	0.39	0.26	0.17	0.51	-0.46	0.03	0.28	0.42	0.83	-0.05	0.53	0.22	-0.47	0.06	-0.03	-0.15	0.5	0.11	0.03	0.26	0.22	0.2	0.48

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Allovir Account Relationship Matchups

Allovir fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	139.4M	370.8M	286.6M	277.1M	190.8M	236.5M
Other Current Liab	5.4M	8.1M	22.9M	14.2M	10.8M	11.4M
Total Current Liabilities	9.1M	12.3M	37.9M	24.3M	28.4M	21.2M
Total Stockholder Equity	(51.5M)	353.1M	225.3M	224.5M	145.8M	158.9M
Net Tangible Assets	(51.5M)	353.1M	225.3M	224.5M	258.2M	158.6M
Net Debt	(49.3M)	(114.0M)	(171.6M)	(70.7M)	(62.7M)	(65.8M)
Retained Earnings	(55.3M)	(125.1M)	(297.1M)	(465.8M)	(656.2M)	(623.4M)
Accounts Payable	630K	963K	8.4M	3.0M	6.8M	3.6M
Cash	61.1M	122.7M	201.7M	106.1M	90.1M	110.7M
Non Current Assets Total	12.1M	9.5M	33.2M	34.0M	3.2M	3.0M
Cash And Short Term Investments	126.1M	356.3M	248.1M	233.8M	183.9M	214.6M
Net Receivables	560K	450K	50K	157K	206K	230K
Common Stock Shares Outstanding	65.1M	26.9M	62.8M	76.7M	104.1M	68.3M
Short Term Investments	65.0M	233.7M	46.5M	127.7M	93.8M	103.9M
Liabilities And Stockholders Equity	139.4M	370.8M	286.6M	277.1M	190.8M	236.5M
Non Current Liabilities Total	181.8M	5.5M	23.5M	28.2M	16.6M	15.8M
Capital Lease Obligations	11.8M	8.7M	30.1M	35.4M	27.4M	20.8M
Other Current Assets	676K	5.0M	5.2M	9.3M	3.5M	4.3M
Other Stockholder Equity	(169.4M)	107.5M	522.5M	690.8M	802.0M	842.1M
Total Liab	190.9M	17.8M	61.3M	52.6M	45.0M	56.5M
Net Invested Capital	(51.5M)	353.1M	225.3M	224.5M	145.8M	158.9M
Total Current Assets	127.3M	361.3M	253.3M	243.1M	187.6M	219.6M
Net Working Capital	118.2M	349.0M	215.5M	218.7M	159.3M	198.4M

Pair Trading with Allovir

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

Moving together with Allovir Stock

0.7	A	Agilent Technologies Fiscal Year End 18th of November 2024	Pair Corr
0.63	BMY	Bristol Myers Squibb	Pair Corr

Moving against Allovir Stock

0.66	ERNA	Eterna Therapeutics	Pair Corr
0.62	PTN	Palatin Technologies	Pair Corr
0.59	DYAI	Dyadic International	Pair Corr
0.57	VALN	Valneva SE ADR	Pair Corr
0.57	MBIO	Mustang Bio	Pair Corr

The ability to find closely correlated positions to Allovir could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allovir 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 Allovir - 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 Allovir to buy it.

The correlation of Allovir 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 Allovir moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allovir 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 Allovir 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 Correlation Correlation Matching

Additional Tools for Allovir Stock Analysis

When running Allovir's price analysis, check to measure Allovir'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 Allovir is operating at the current time. Most of Allovir's value examination focuses on studying past and present price action to predict the probability of Allovir's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allovir's price. Additionally, you may evaluate how the addition of Allovir to your portfolios can decrease your overall portfolio volatility.

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