Aldeyra Historical Financial Ratios
| ALDX Stock | USD 3.94 0.11 2.72% |
Aldeyra is presently reporting on over 108 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 1.62 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate Aldeyra financial condition quickly.
Aldeyra |
About Aldeyra Financial Ratios Analysis
AldeyraFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Aldeyra investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Aldeyra financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Aldeyra history.
Aldeyra Financial Ratios Chart
Aldeyra financial ratios usually calculated using numerical values taken directly from Aldeyra financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Aldeyra. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Aldeyra's Book Value Per Share is fairly stable compared to the past year. Average Payables is likely to rise to about 594.4 K in 2024, whereas PTB Ratio is likely to drop 1.62 in 2024. Add Fundamental
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Aldeyra's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Aldeyra current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Aldeyra. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.At this time, Aldeyra's Book Value Per Share is fairly stable compared to the past year. Average Payables is likely to rise to about 594.4 K in 2024, whereas PTB Ratio is likely to drop 1.62 in 2024.
Aldeyra fundamentals Correlations
Click cells to compare fundamentals
Aldeyra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aldeyra fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 3.28 | 3.92 | 1.05 | 2.69 | 1.73 | 1.62 | |
| Book Value Per Share | 1.77 | 1.75 | 3.81 | 2.59 | 2.03 | 2.13 | |
| Operating Cash Flow Per Share | (1.66) | (1.1) | (0.79) | (0.97) | (0.51) | (0.54) | |
| Capex To Depreciation | (3.7) | (0.0989) | (0.0295) | (0.0631) | (0.0568) | (0.0596) | |
| Pb Ratio | 3.28 | 3.92 | 1.05 | 2.69 | 1.73 | 1.62 | |
| Free Cash Flow Per Share | (1.66) | (1.1) | (0.79) | (0.97) | (0.51) | (0.54) | |
| Roic | (0.98) | (0.48) | (0.26) | (0.37) | (0.32) | (0.3) | |
| Net Income Per Share | (2.24) | (1.11) | (1.1) | (1.05) | (0.64) | (0.61) | |
| Cash Per Share | 2.71 | 2.29 | 4.25 | 2.98 | 2.42 | 2.48 | |
| Pocfratio | (3.5) | (6.21) | (5.08) | (7.18) | (6.82) | (7.16) | |
| Interest Coverage | (104.45) | (19.13) | (32.27) | (37.0) | (20.66) | (21.69) | |
| Capex To Operating Cash Flow | 0.008807 | 2.12E-4 | 1.83E-4 | 2.88E-4 | 3.31E-4 | 3.15E-4 | |
| Pfcf Ratio | (3.5) | (6.21) | (5.08) | (7.18) | (6.82) | (7.16) | |
| Roe | (1.27) | (0.63) | (0.29) | (0.41) | (0.31) | (0.3) | |
| Ev To Operating Cash Flow | (2.84) | (4.55) | (0.0525) | (4.91) | (2.63) | (2.76) | |
| Pe Ratio | (2.59) | (6.2) | (3.65) | (6.62) | (5.51) | (5.79) | |
| Return On Tangible Assets | (0.41) | (0.81) | (0.45) | (0.25) | (0.34) | (0.27) | |
| Ev To Free Cash Flow | (2.84) | (4.55) | (0.0525) | (4.91) | (2.63) | (2.76) | |
| Earnings Yield | (0.39) | (0.16) | (0.27) | (0.15) | (0.18) | (0.17) | |
| Current Ratio | 5.82 | 6.69 | 19.77 | 11.78 | 6.44 | 7.18 | |
| Tangible Book Value Per Share | 1.77 | 1.75 | 3.81 | 2.59 | 2.03 | 2.13 | |
| Graham Number | 9.46 | 6.6 | 9.69 | 7.82 | 5.4 | 5.13 | |
| Shareholders Equity Per Share | 1.77 | 1.75 | 3.81 | 2.59 | 2.03 | 2.13 | |
| Capex Per Share | (0.0121) | (3.51E-4) | (1.44E-4) | (2.79E-4) | (2.51E-4) | (2.64E-4) | |
| Graham Net Net | 1.95 | 1.84 | 4.32 | 2.48 | 1.94 | 2.04 | |
| Interest Debt Per Share | 0.006769 | 0.57 | 0.51 | 0.33 | 0.3 | 0.29 | |
| Enterprise Value Over E B I T D A | (2.33) | (4.97) | (0.0399) | (4.61) | (1.87) | (1.97) | |
| Price Earnings Ratio | (2.59) | (6.2) | (3.65) | (6.62) | (5.51) | (5.79) |
Pair Trading with Aldeyra
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 Aldeyra 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 Aldeyra will appreciate offsetting losses from the drop in the long position's value.Moving against Aldeyra Stock
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The ability to find closely correlated positions to Aldeyra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aldeyra 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 Aldeyra - 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 Aldeyra to buy it.
The correlation of Aldeyra 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 Aldeyra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aldeyra 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 Aldeyra 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 Aldeyra. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.Note that the Aldeyra information on this page should be used as a complementary analysis to other Aldeyra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Aldeyra Stock analysis
When running Aldeyra's price analysis, check to measure Aldeyra'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 Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.
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Is Aldeyra'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 Aldeyra. If investors know Aldeyra 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 Aldeyra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.64) | Return On Assets (0.16) | Return On Equity (0.28) |
The market value of Aldeyra is measured differently than its book value, which is the value of Aldeyra that is recorded on the company's balance sheet. Investors also form their own opinion of Aldeyra's value that differs from its market value or its book value, called intrinsic value, which is Aldeyra'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 Aldeyra's market value can be influenced by many factors that don't directly affect Aldeyra'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 Aldeyra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aldeyra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aldeyra'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.