Avanos Medical Stock Market Value
| AVNS Stock | USD 14.46 0.01 0.07% |
| Symbol | Avanos |
Avanos Medical Price To Book Ratio
Is Health Care Equipment & Supplies 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 Avanos Medical. If investors know Avanos 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 Avanos Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Earnings Share (8.40) | Revenue Per Share | Quarterly Revenue Growth 0.036 | Return On Assets |
The market value of Avanos Medical is measured differently than its book value, which is the value of Avanos that is recorded on the company's balance sheet. Investors also form their own opinion of Avanos Medical's value that differs from its market value or its book value, called intrinsic value, which is Avanos Medical's 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 Avanos Medical's market value can be influenced by many factors that don't directly affect Avanos Medical's 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 Avanos Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avanos Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avanos Medical's 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.
Avanos Medical '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 Avanos Medical'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 Avanos Medical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Avanos Medical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Avanos Medical or generate 0.0% return on investment in Avanos Medical over 90 days. Avanos Medical is related to or competes with Artivion, Anika Therapeutics, Sight Sciences, Orthofix Medical, Axogen, SurModics, and Paragon 28. Avanos Medical, Inc., a medical technology company, focuses on delivering medical device solutions in North America, Eur... More
Avanos Medical 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 Avanos Medical'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 Avanos Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.49 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.61 |
Avanos Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avanos Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avanos Medical's standard deviation. In reality, there are many statistical measures that can use Avanos Medical historical prices to predict the future Avanos Medical's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.43) |
Avanos Medical Backtested Returns
Avanos Medical secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of standard deviation over the last 3 months. Avanos Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avanos Medical's risk adjusted performance of (0.15), and Mean Deviation of 1.38 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avanos Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avanos Medical is expected to be smaller as well. At this point, Avanos Medical has a negative expected return of -0.31%. Please make sure to confirm Avanos Medical's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Avanos Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Avanos Medical has insignificant predictability. Overlapping area represents the amount of predictability between Avanos Medical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Avanos Medical price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Avanos Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Avanos Medical lagged returns against current returns
Autocorrelation, which is Avanos Medical 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 Avanos Medical's stock expected returns. We can calculate the autocorrelation of Avanos Medical returns to help us make a trade decision. For example, suppose you find that Avanos Medical 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 |
Avanos Medical 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 Avanos Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avanos Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avanos Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Avanos Medical Lagged Returns
When evaluating Avanos Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avanos Medical stock have on its future price. Avanos Medical 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, Avanos Medical autocorrelation shows the relationship between Avanos Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Avanos Medical.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Avanos Stock Analysis
When running Avanos Medical's price analysis, check to measure Avanos Medical'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 Avanos Medical is operating at the current time. Most of Avanos Medical's value examination focuses on studying past and present price action to predict the probability of Avanos Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanos Medical's price. Additionally, you may evaluate how the addition of Avanos Medical to your portfolios can decrease your overall portfolio volatility.