Avance Gas Holding Stock Market Value
| AVACF Stock | USD 6.75 0.08 1.17% |
| Symbol | Avance |
Avance Gas '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 Avance Gas' 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 Avance Gas.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Avance Gas on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Avance Gas Holding or generate 0.0% return on investment in Avance Gas over 30 days. Avance Gas is related to or competes with GasLog Partners, GasLog Partners, NGL Energy, Kinder Morgan, ONEOK, MPLX LP, and Enterprise Products. Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas More
Avance Gas 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 Avance Gas' 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 Avance Gas Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 42.23 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 4.71 |
Avance Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avance Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avance Gas' standard deviation. In reality, there are many statistical measures that can use Avance Gas historical prices to predict the future Avance Gas' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avance Gas' 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.
Avance Gas Holding Backtested Returns
Avance Gas Holding secures Sharpe Ratio (or Efficiency) of -0.0884, which signifies that the company had a -0.0884% return per unit of standard deviation over the last 3 months. Avance Gas Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avance Gas' risk adjusted performance of (0.05), and Mean Deviation of 2.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avance Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Avance Gas is expected to be smaller as well. At this point, Avance Gas Holding has a negative expected return of -0.47%. Please make sure to confirm Avance Gas' maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Avance Gas Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Avance Gas Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between Avance Gas time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Avance Gas Holding price movement. The serial correlation of -0.17 indicates that over 17.0% of current Avance Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Avance Gas Holding lagged returns against current returns
Autocorrelation, which is Avance Gas 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 Avance Gas' pink sheet expected returns. We can calculate the autocorrelation of Avance Gas returns to help us make a trade decision. For example, suppose you find that Avance Gas 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 |
Avance Gas 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 Avance Gas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avance Gas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avance Gas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Avance Gas Lagged Returns
When evaluating Avance Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avance Gas pink sheet have on its future price. Avance Gas 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, Avance Gas autocorrelation shows the relationship between Avance Gas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Avance Gas Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Avance Pink Sheet
Avance Gas financial ratios help investors to determine whether Avance 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 Avance with respect to the benefits of owning Avance Gas security.