AYR WELLNESS's market value is the price at which a share of AYR WELLNESS trades on a public exchange. It measures the collective expectations of AYR WELLNESS INCRESVTG investors about its performance. AYR WELLNESS is trading at 0.49 as of the 6th of January 2025. This is a 11.36% up since the beginning of the trading day. The stock's lowest day price was 0.49. With this module, you can estimate the performance of a buy and hold strategy of AYR WELLNESS INCRESVTG and determine expected loss or profit from investing in AYR WELLNESS over a given investment horizon. Check out AYR WELLNESS Correlation, AYR WELLNESS Volatility and AYR WELLNESS Alpha and Beta module to complement your research on AYR WELLNESS.
Please note, there is a significant difference between AYR WELLNESS's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYR WELLNESS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYR WELLNESS'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.
AYR WELLNESS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AYR WELLNESS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AYR WELLNESS.
0.00
10/08/2024
No Change 0.00
0.0
In 3 months and 1 day
01/06/2025
0.00
If you would invest 0.00 in AYR WELLNESS on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding AYR WELLNESS INCRESVTG or generate 0.0% return on investment in AYR WELLNESS over 90 days. AYR WELLNESS is related to or competes with Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, Identiv, and INTUITIVE SURGICAL. Ayr Wellness Inc., a vertically-integrated cannabis multi-state operator, cultivates, extracts, manufactures, distribute... More
AYR WELLNESS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AYR WELLNESS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AYR WELLNESS INCRESVTG upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AYR WELLNESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AYR WELLNESS's standard deviation. In reality, there are many statistical measures that can use AYR WELLNESS historical prices to predict the future AYR WELLNESS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AYR WELLNESS. Your research has to be compared to or analyzed against AYR WELLNESS's peers to derive any actionable benefits. When done correctly, AYR WELLNESS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AYR WELLNESS INCRESVTG.
AYR WELLNESS INCRESVTG Backtested Returns
AYR WELLNESS INCRESVTG secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. AYR WELLNESS INCRESVTG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AYR WELLNESS's mean deviation of 6.47, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.36, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AYR WELLNESS will likely underperform. At this point, AYR WELLNESS INCRESVTG has a negative expected return of -1.27%. Please make sure to confirm AYR WELLNESS's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if AYR WELLNESS INCRESVTG performance from the past will be repeated at future time.
Auto-correlation
-0.03
Very weak reverse predictability
AYR WELLNESS INCRESVTG has very weak reverse predictability. Overlapping area represents the amount of predictability between AYR WELLNESS time series from 8th of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AYR WELLNESS INCRESVTG price movement. The serial correlation of -0.03 indicates that only 3.0% of current AYR WELLNESS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.03
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
0.01
AYR WELLNESS INCRESVTG lagged returns against current returns
Autocorrelation, which is AYR WELLNESS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AYR WELLNESS's stock expected returns. We can calculate the autocorrelation of AYR WELLNESS returns to help us make a trade decision. For example, suppose you find that AYR WELLNESS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
AYR WELLNESS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AYR WELLNESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AYR WELLNESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AYR WELLNESS stock over time.
Current vs Lagged Prices
Timeline
AYR WELLNESS Lagged Returns
When evaluating AYR WELLNESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AYR WELLNESS stock have on its future price. AYR WELLNESS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AYR WELLNESS autocorrelation shows the relationship between AYR WELLNESS stock current value and its past values and can show if there is a momentum factor associated with investing in AYR WELLNESS INCRESVTG.
AYR WELLNESS financial ratios help investors to determine whether AYR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AYR with respect to the benefits of owning AYR WELLNESS security.