Avidxchange Holdings Stock Market Value
| AVDX Stock | USD 11.11 0.07 0.63% |
| Symbol | AvidXchange |
AvidXchange Holdings Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AvidXchange Holdings. If investors know AvidXchange will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AvidXchange Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 2.079 | Quarterly Revenue Growth 0.143 | Return On Assets (0) | Return On Equity (0) |
The market value of AvidXchange Holdings is measured differently than its book value, which is the value of AvidXchange that is recorded on the company's balance sheet. Investors also form their own opinion of AvidXchange Holdings' value that differs from its market value or its book value, called intrinsic value, which is AvidXchange Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AvidXchange Holdings' market value can be influenced by many factors that don't directly affect AvidXchange Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AvidXchange Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if AvidXchange Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AvidXchange Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AvidXchange Holdings '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 AvidXchange Holdings' 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 AvidXchange Holdings.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in AvidXchange Holdings on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding AvidXchange Holdings or generate 0.0% return on investment in AvidXchange Holdings over 360 days. AvidXchange Holdings is related to or competes with Evertec, NetScout Systems, EverCommerce, Consensus Cloud, CSG Systems, Radware, and Flywire Corp. AvidXchange Holdings, Inc. provides accounts payable automation software and payment solutions for middle market busines... More
AvidXchange Holdings 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 AvidXchange Holdings' 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 AvidXchange Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.1584 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.07 |
AvidXchange Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AvidXchange Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AvidXchange Holdings' standard deviation. In reality, there are many statistical measures that can use AvidXchange Holdings historical prices to predict the future AvidXchange Holdings' volatility.| Risk Adjusted Performance | 0.1573 | |||
| Jensen Alpha | 0.236 | |||
| Total Risk Alpha | 0.1144 | |||
| Sortino Ratio | 0.2274 | |||
| Treynor Ratio | 0.2119 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AvidXchange Holdings' 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.
AvidXchange Holdings Backtested Returns
AvidXchange Holdings appears to be not too volatile, given 3 months investment horizon. AvidXchange Holdings secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing AvidXchange Holdings' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of AvidXchange Holdings' Downside Deviation of 1.75, mean deviation of 1.69, and Risk Adjusted Performance of 0.1573 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AvidXchange Holdings holds a performance score of 18. The firm shows a Beta (market volatility) of 2.42, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AvidXchange Holdings will likely underperform. Please check AvidXchange Holdings' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether AvidXchange Holdings' price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
AvidXchange Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between AvidXchange Holdings time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 AvidXchange Holdings price movement. The serial correlation of -0.66 indicates that around 66.0% of current AvidXchange Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 3.38 |
AvidXchange Holdings lagged returns against current returns
Autocorrelation, which is AvidXchange Holdings 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 AvidXchange Holdings' stock expected returns. We can calculate the autocorrelation of AvidXchange Holdings returns to help us make a trade decision. For example, suppose you find that AvidXchange Holdings 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 |
AvidXchange Holdings 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 AvidXchange Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AvidXchange Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AvidXchange Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
AvidXchange Holdings Lagged Returns
When evaluating AvidXchange Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AvidXchange Holdings stock have on its future price. AvidXchange Holdings 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, AvidXchange Holdings autocorrelation shows the relationship between AvidXchange Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in AvidXchange Holdings.
Regressed Prices |
| Timeline |
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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.Additional Tools for AvidXchange Stock Analysis
When running AvidXchange Holdings' price analysis, check to measure AvidXchange Holdings' 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 AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.