Avenira (Australia) Market Value
| AEV Stock | 0.01 0 12.50% |
| Symbol | Avenira |
Avenira '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 Avenira'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 Avenira.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Avenira on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Avenira or generate 0.0% return on investment in Avenira over 30 days. Avenira is related to or competes with Everest Metals, Global Health, FireFly Metals, Sonic Healthcare, and Healthco Healthcare. Avenira is entity of Australia. It is traded as Stock on AU exchange. More
Avenira 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 Avenira'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 Avenira upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Avenira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avenira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avenira's standard deviation. In reality, there are many statistical measures that can use Avenira historical prices to predict the future Avenira's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.4821 |
Avenira Backtested Returns
Currently, Avenira is out of control. Avenira secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Avenira, which you can use to evaluate the volatility of the firm. Please confirm Avenira's risk adjusted performance of (0.03), and Mean Deviation of 4.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0317%. The firm shows a Beta (market volatility) of -0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Avenira are expected to decrease at a much lower rate. During the bear market, Avenira is likely to outperform the market. Avenira right now shows a risk of 6.43%. Please confirm Avenira standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Avenira will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Avenira has virtually no predictability. Overlapping area represents the amount of predictability between Avenira time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Avenira price movement. The serial correlation of 0.02 indicates that only 2.0% of current Avenira price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avenira lagged returns against current returns
Autocorrelation, which is Avenira 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 Avenira's stock expected returns. We can calculate the autocorrelation of Avenira returns to help us make a trade decision. For example, suppose you find that Avenira 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 |
Avenira 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 Avenira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avenira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avenira stock over time.
Current vs Lagged Prices |
| Timeline |
Avenira Lagged Returns
When evaluating Avenira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avenira stock have on its future price. Avenira 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, Avenira autocorrelation shows the relationship between Avenira stock current value and its past values and can show if there is a momentum factor associated with investing in Avenira.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avenira Stock Analysis
When running Avenira's price analysis, check to measure Avenira'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 Avenira is operating at the current time. Most of Avenira's value examination focuses on studying past and present price action to predict the probability of Avenira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avenira's price. Additionally, you may evaluate how the addition of Avenira to your portfolios can decrease your overall portfolio volatility.