AVALON TECHNOLOGIES (India) Market Value
| AVALON Stock | 938.05 32.05 3.54% |
| Symbol | AVALON |
AVALON TECHNOLOGIES '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 AVALON TECHNOLOGIES'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 AVALON TECHNOLOGIES.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AVALON TECHNOLOGIES on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AVALON TECHNOLOGIES LTD or generate 0.0% return on investment in AVALON TECHNOLOGIES over 30 days. AVALON TECHNOLOGIES is related to or competes with Tata Consultancy, Reliance Industries, SIS, Wipro, and State Bank. AVALON TECHNOLOGIES is entity of India. It is traded as Stock on NSE exchange. More
AVALON TECHNOLOGIES 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 AVALON TECHNOLOGIES'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 AVALON TECHNOLOGIES LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1912 | |||
| Maximum Drawdown | 22.19 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 10.78 |
AVALON TECHNOLOGIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVALON TECHNOLOGIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVALON TECHNOLOGIES's standard deviation. In reality, there are many statistical measures that can use AVALON TECHNOLOGIES historical prices to predict the future AVALON TECHNOLOGIES's volatility.| Risk Adjusted Performance | 0.1768 | |||
| Jensen Alpha | 0.9809 | |||
| Total Risk Alpha | 0.2924 | |||
| Sortino Ratio | 0.315 | |||
| Treynor Ratio | (3.40) |
AVALON TECHNOLOGIES LTD Backtested Returns
AVALON TECHNOLOGIES is very steady given 3 months investment horizon. AVALON TECHNOLOGIES LTD retains Efficiency (Sharpe Ratio) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use AVALON TECHNOLOGIES LTD coefficient of variation of 454.64, and Market Risk Adjusted Performance of (3.39) to evaluate company specific risk that cannot be diversified away. AVALON TECHNOLOGIES holds a performance score of 19 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AVALON TECHNOLOGIES are expected to decrease at a much lower rate. During the bear market, AVALON TECHNOLOGIES is likely to outperform the market. Use AVALON TECHNOLOGIES LTD coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on AVALON TECHNOLOGIES LTD.
Auto-correlation | 0.77 |
Good predictability
AVALON TECHNOLOGIES LTD has good predictability. Overlapping area represents the amount of predictability between AVALON TECHNOLOGIES time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 AVALON TECHNOLOGIES LTD price movement. The serial correlation of 0.77 indicates that around 77.0% of current AVALON TECHNOLOGIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1855.02 |
AVALON TECHNOLOGIES LTD lagged returns against current returns
Autocorrelation, which is AVALON TECHNOLOGIES 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 AVALON TECHNOLOGIES's stock expected returns. We can calculate the autocorrelation of AVALON TECHNOLOGIES returns to help us make a trade decision. For example, suppose you find that AVALON TECHNOLOGIES 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 |
AVALON TECHNOLOGIES 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 AVALON TECHNOLOGIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVALON TECHNOLOGIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVALON TECHNOLOGIES stock over time.
Current vs Lagged Prices |
| Timeline |
AVALON TECHNOLOGIES Lagged Returns
When evaluating AVALON TECHNOLOGIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVALON TECHNOLOGIES stock have on its future price. AVALON TECHNOLOGIES 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, AVALON TECHNOLOGIES autocorrelation shows the relationship between AVALON TECHNOLOGIES stock current value and its past values and can show if there is a momentum factor associated with investing in AVALON TECHNOLOGIES LTD.
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 AVALON Stock
AVALON TECHNOLOGIES financial ratios help investors to determine whether AVALON 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 AVALON with respect to the benefits of owning AVALON TECHNOLOGIES security.