Adva Optical Networking Stock Market Value
| ADVOF Stock | USD 20.56 0.00 0.00% |
| Symbol | ADVA |
ADVA Optical '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 ADVA Optical'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 ADVA Optical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ADVA Optical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ADVA Optical Networking or generate 0.0% return on investment in ADVA Optical over 90 days. ADVA Optical is related to or competes with Sun Country, Toro, IDP Education, Afya, Old Dominion, and Ihuman. ADVA Optical Networking SE engages in the development, manufacture, and sale of optical and Ethernet-based networking so... More
ADVA Optical 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 ADVA Optical'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 ADVA Optical Networking upside and downside potential and time the market with a certain degree of confidence.
ADVA Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADVA Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADVA Optical's standard deviation. In reality, there are many statistical measures that can use ADVA Optical historical prices to predict the future ADVA Optical's volatility.ADVA Optical Networking Backtested Returns
We have found three technical indicators for ADVA Optical Networking, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ADVA Optical are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ADVA Optical Networking has no correlation between past and present. Overlapping area represents the amount of predictability between ADVA Optical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 ADVA Optical Networking price movement. The serial correlation of 0.0 indicates that just 0.0% of current ADVA Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ADVA Optical Networking lagged returns against current returns
Autocorrelation, which is ADVA Optical 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 ADVA Optical's pink sheet expected returns. We can calculate the autocorrelation of ADVA Optical returns to help us make a trade decision. For example, suppose you find that ADVA Optical 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 |
ADVA Optical 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 ADVA Optical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADVA Optical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADVA Optical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ADVA Optical Lagged Returns
When evaluating ADVA Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADVA Optical pink sheet have on its future price. ADVA Optical 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, ADVA Optical autocorrelation shows the relationship between ADVA Optical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ADVA Optical Networking.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ADVA Pink Sheet
ADVA Optical financial ratios help investors to determine whether ADVA 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 ADVA with respect to the benefits of owning ADVA Optical security.