Abivax SA (France) Market Value
| ABVX Stock | EUR 7.95 0.26 3.38% |
| Symbol | Abivax |
Abivax SA '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 Abivax SA'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 Abivax SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Abivax SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Abivax SA or generate 0.0% return on investment in Abivax SA over 360 days. Abivax SA is related to or competes with Cellectis, and Innate Pharma. ABIVAX Socit Anonyme, a biotechnology company, develops, markets, and commercializes anti-viral therapies and therapeuti... More
Abivax SA 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 Abivax SA'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 Abivax SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 14.83 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.35 |
Abivax SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abivax SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abivax SA's standard deviation. In reality, there are many statistical measures that can use Abivax SA historical prices to predict the future Abivax SA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (5.69) |
Abivax SA Backtested Returns
Abivax SA secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Abivax SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abivax SA's Mean Deviation of 2.03, risk adjusted performance of (0.14), and Standard Deviation of 2.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0923, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abivax SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abivax SA is expected to be smaller as well. At this point, Abivax SA has a negative expected return of -0.55%. Please make sure to confirm Abivax SA's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Abivax SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Abivax SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Abivax SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Abivax SA price movement. The serial correlation of -0.85 indicates that around 85.0% of current Abivax SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
Abivax SA lagged returns against current returns
Autocorrelation, which is Abivax SA 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 Abivax SA's stock expected returns. We can calculate the autocorrelation of Abivax SA returns to help us make a trade decision. For example, suppose you find that Abivax SA 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 |
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Abivax SA 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 Abivax SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abivax SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abivax SA stock over time.
Current vs Lagged Prices |
| Timeline |
Abivax SA Lagged Returns
When evaluating Abivax SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abivax SA stock have on its future price. Abivax SA 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, Abivax SA autocorrelation shows the relationship between Abivax SA stock current value and its past values and can show if there is a momentum factor associated with investing in Abivax SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Abivax Stock
Abivax SA financial ratios help investors to determine whether Abivax 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 Abivax with respect to the benefits of owning Abivax SA security.