Avricore Health Stock Market Value
| AVCR Stock | CAD 0.07 0.01 18.18% |
| Symbol | Avricore |
Avricore Health Price To Book Ratio
Avricore Health '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 Avricore Health'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 Avricore Health.
| 07/23/2024 |
| 01/19/2025 |
If you would invest 0.00 in Avricore Health on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Avricore Health or generate 0.0% return on investment in Avricore Health over 180 days. Avricore Health is related to or competes with MedMira. Avricore Health Inc. manufactures and sells over-the-counter products in Canada More
Avricore Health 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 Avricore Health'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 Avricore Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 64.84 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Avricore Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avricore Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avricore Health's standard deviation. In reality, there are many statistical measures that can use Avricore Health historical prices to predict the future Avricore Health's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (0.84) |
Avricore Health Backtested Returns
Avricore Health secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Avricore Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avricore Health's Risk Adjusted Performance of (0.07), standard deviation of 9.45, and Mean Deviation of 4.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. Avricore Health returns are very sensitive to returns on the market. As the market goes up or down, Avricore Health is expected to follow. At this point, Avricore Health has a negative expected return of -1.0%. Please make sure to confirm Avricore Health's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Avricore Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Avricore Health has average predictability. Overlapping area represents the amount of predictability between Avricore Health time series from 23rd of July 2024 to 21st of October 2024 and 21st of October 2024 to 19th 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 Avricore Health price movement. The serial correlation of 0.46 indicates that about 46.0% of current Avricore Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avricore Health lagged returns against current returns
Autocorrelation, which is Avricore Health 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 Avricore Health's stock expected returns. We can calculate the autocorrelation of Avricore Health returns to help us make a trade decision. For example, suppose you find that Avricore Health 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 |
Avricore Health 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 Avricore Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avricore Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avricore Health stock over time.
Current vs Lagged Prices |
| Timeline |
Avricore Health Lagged Returns
When evaluating Avricore Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avricore Health stock have on its future price. Avricore Health 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, Avricore Health autocorrelation shows the relationship between Avricore Health stock current value and its past values and can show if there is a momentum factor associated with investing in Avricore Health.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avricore Stock Analysis
When running Avricore Health's price analysis, check to measure Avricore Health'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 Avricore Health is operating at the current time. Most of Avricore Health's value examination focuses on studying past and present price action to predict the probability of Avricore Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avricore Health's price. Additionally, you may evaluate how the addition of Avricore Health to your portfolios can decrease your overall portfolio volatility.