Avax SA (Greece) Market Value
| AVAX Stock | EUR 2.10 0.02 0.94% |
| Symbol | Avax |
Avax SA '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 Avax SA'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 Avax SA.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Avax SA on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Avax SA or generate 0.0% return on investment in Avax SA over 90 days. Avax SA is related to or competes with Ellaktor, GEK TERNA, LAMDA Development, Public Power, and Hellenic Petroleum. Avax S.A., together with its subsidiaries, operates as a construction company in Greece and internationally More
Avax SA 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 Avax SA'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 Avax SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.273 | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 5.03 |
Avax SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avax SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avax SA's standard deviation. In reality, there are many statistical measures that can use Avax SA historical prices to predict the future Avax SA's volatility.| Risk Adjusted Performance | 0.2109 | |||
| Jensen Alpha | 0.6275 | |||
| Total Risk Alpha | 0.9191 | |||
| Sortino Ratio | 0.2986 | |||
| Treynor Ratio | 2.04 |
Avax SA Backtested Returns
Avax SA appears to be unstable, given 3 months investment horizon. Avax SA secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22 % return per unit of standard deviation over the last 3 months. By analyzing Avax SA's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Avax SA's mean deviation of 1.92, and Risk Adjusted Performance of 0.2109 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avax SA holds a performance score of 17. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avax SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avax SA is expected to be smaller as well. Please check Avax SA's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Avax SA's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Avax SA has good predictability. Overlapping area represents the amount of predictability between Avax SA time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Avax SA price movement. The serial correlation of 0.74 indicates that around 74.0% of current Avax SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Avax SA lagged returns against current returns
Autocorrelation, which is Avax SA 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 Avax SA's stock expected returns. We can calculate the autocorrelation of Avax SA returns to help us make a trade decision. For example, suppose you find that Avax SA 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 |
Avax SA 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 Avax SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avax SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avax SA stock over time.
Current vs Lagged Prices |
| Timeline |
Avax SA Lagged Returns
When evaluating Avax SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avax SA stock have on its future price. Avax SA 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, Avax SA autocorrelation shows the relationship between Avax SA stock current value and its past values and can show if there is a momentum factor associated with investing in Avax SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Avax Stock Analysis
When running Avax SA's price analysis, check to measure Avax SA'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 Avax SA is operating at the current time. Most of Avax SA's value examination focuses on studying past and present price action to predict the probability of Avax SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avax SA's price. Additionally, you may evaluate how the addition of Avax SA to your portfolios can decrease your overall portfolio volatility.