Advanced Container Technologies Etf Market Value
| ACTX Etf | USD 0.0001 0.00 0.00% |
| Symbol | Advanced |
Advanced Container '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 Advanced Container's pink sheet 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 Advanced Container.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Advanced Container on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Advanced Container Technologies or generate 0.0% return on investment in Advanced Container over 720 days. Advanced Container is related to or competes with Sonoco Products, Avery Dennison, Ardagh Metal, Ball, Sealed Air, Packaging Corp, and Reynolds Consumer. Advanced Container Technologies, Inc. engages in designing, branding, and selling plastic medical grade containers More
Advanced Container 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 Advanced Container's pink sheet 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 Advanced Container Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 50.0 |
Advanced Container Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Container's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Container's standard deviation. In reality, there are many statistical measures that can use Advanced Container historical prices to predict the future Advanced Container's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.6754 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advanced Container's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Advanced Container Backtested Returns
Advanced Container secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the etf had a -0.12% return per unit of risk over the last 3 months. Advanced Container Technologies exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Container's Mean Deviation of 1.49, risk adjusted performance of (0.09), and Standard Deviation of 6.15 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -1.14, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Advanced Container are expected to decrease slowly. On the other hand, during market turmoil, Advanced Container is expected to outperform it slightly.
Auto-correlation | -0.41 |
Modest reverse predictability
Advanced Container Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Advanced Container time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Advanced Container price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Advanced Container price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advanced Container lagged returns against current returns
Autocorrelation, which is Advanced Container pink sheet'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 Advanced Container's pink sheet expected returns. We can calculate the autocorrelation of Advanced Container returns to help us make a trade decision. For example, suppose you find that Advanced Container has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Advanced Container 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 Advanced Container pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Container pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Container pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Advanced Container Lagged Returns
When evaluating Advanced Container's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Container pink sheet have on its future price. Advanced Container 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, Advanced Container autocorrelation shows the relationship between Advanced Container pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Advanced Container Technologies.
Regressed Prices |
| Timeline |
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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 Advanced Pink Sheet
Advanced Container financial ratios help investors to determine whether Advanced Pink Sheet 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 Advanced with respect to the benefits of owning Advanced Container security.