Avicanna Stock Price on October 9, 2024
| AVCN Stock | CAD 0.31 0.01 3.13% |
Below is the normalized historical share price chart for Avicanna extending back to July 18, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Avicanna stands at 0.31, as last reported on the 28th of November, with the highest price reaching 0.36 and the lowest price hitting 0.31 during the day.
If you're considering investing in Avicanna Stock, it is important to understand the factors that can impact its price. Avicanna secures Sharpe Ratio (or Efficiency) of -0.0136, which signifies that the company had a -0.0136% return per unit of risk over the last 3 months. Avicanna exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avicanna's Downside Deviation of 7.45, risk adjusted performance of 0.0134, and Mean Deviation of 5.65 to double-check the risk estimate we provide.
At this time, Avicanna's Common Stock Total Equity is very stable compared to the past year. As of the 28th of November 2024, Common Stock Shares Outstanding is likely to grow to about 88.9 M, though Total Stockholder Equity is likely to grow to (106.9 K). . As of the 28th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.05, while Price To Sales Ratio is likely to drop 1.68. Avicanna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.3648 | 50 Day MA 0.3197 | Beta 1.426 |
Avicanna |
Sharpe Ratio = -0.0136
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| Negative Returns | AVCN |
Estimated Market Risk
| 7.37 actual daily | 65 65% of assets are less volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Avicanna is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Avicanna by adding Avicanna to a well-diversified portfolio.
Price Book 20.1119 | Enterprise Value Ebitda (4.26) | Price Sales 1.3876 | Shares Float 75.5 M | Wall Street Target Price 0.7 |
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Avicanna Valuation on October 9, 2024
It is possible to determine the worth of Avicanna on a given historical date. On October 9, 2024 Avicanna was worth 0.36 at the beginning of the trading date compared to the closed value of 0.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avicanna stock. Still, in general, we apply an absolute valuation method to find Avicanna's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Avicanna where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Avicanna's related companies.
| Open | High | Low | Close | Volume | |
| 0.34 | 0.36 | 0.32 | 0.36 | 318,800 | |
10/09/2024 | 0.36 | 0.37 | 0.33 | 0.34 | 89,000 |
| 0.34 | 0.34 | 0.30 | 0.31 | 955,300 |
| Backtest Avicanna | | | Avicanna History | | | Avicanna Valuation | Previous | Next |
Avicanna Trading Date Momentum on October 9, 2024
| On October 10 2024 Avicanna was traded for 0.31 at the closing time. The highest price during the trading period was 0.34 and the lowest recorded bid was listed for 0.30 . The volume for the day was 955.3 K. This history from October 10, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 8.82% . The overall trading delta to the current price is 2.94% . |
Avicanna Fundamentals Correlations and Trends
By evaluating Avicanna's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Avicanna's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Avicanna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Avicanna Stock history
Avicanna investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Avicanna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Avicanna will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Avicanna stock prices may prove useful in developing a viable investing in Avicanna
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 84.7 M | 88.9 M | |
| Net Loss | -13.3 M | -13.9 M |
Avicanna Stock Technical Analysis
Avicanna technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Avicanna Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Avicanna cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Avicanna November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Avicanna stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Avicanna shares will generate the highest return on investment. By undertsting and applying Avicanna stock market strength indicators, traders can identify Avicanna entry and exit signals to maximize returns
Avicanna Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Avicanna's price direction in advance. Along with the technical and fundamental analysis of Avicanna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Avicanna to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 0.1021 | |||
| Total Risk Alpha | (1.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) |
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Other Information on Investing in Avicanna Stock
Avicanna financial ratios help investors to determine whether Avicanna 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 Avicanna with respect to the benefits of owning Avicanna security.