Avicanna Stock Price on June 7, 2024
AVCNF Stock | USD 0.23 0.02 9.52% |
If you're considering investing in Avicanna OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Avicanna stands at 0.23, as last reported on the 29th of November, with the highest price reaching 0.23 and the lowest price hitting 0.23 during the day. Avicanna secures Sharpe Ratio (or Efficiency) of -0.0412, which signifies that the company had a -0.0412% return per unit of risk over the last 3 months. Avicanna exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avicanna's Mean Deviation of 4.96, risk adjusted performance of (0.02), and Standard Deviation of 8.19 to double-check the risk estimate we provide.
Avicanna OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Avicanna |
Sharpe Ratio = -0.0412
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Estimated Market Risk
8.19 actual daily | 72 72% of assets are less volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 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.
Avicanna Valuation on June 7, 2024
It is possible to determine the worth of Avicanna on a given historical date. On June 7, 2024 Avicanna was worth 0.17 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avicanna otc 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 | |
0.18 | 0.18 | 0.18 | 0.18 | 880.00 | |
06/07/2024 | 0.17 | 0.18 | 0.17 | 0.18 | 10,400 |
0.17 | 0.17 | 0.17 | 0.17 | 13,000 |
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Avicanna Trading Date Momentum on June 7, 2024
On June 10 2024 Avicanna was traded for 0.17 at the closing time. The highest daily price throughout the period was 0.17 and the lowest price was 0.17 . The daily volume was 13 K. The net trading volume on 06/10/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 5.56% . The overall trading delta to current closing price is 16.67% . |
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 OTC 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
Avicanna Inc., a commercial-stage biopharmaceutical company, engages in the research and development of evidence-based products for consumer medical and pharmaceutical segments worldwide. Avicanna Inc. was incorporated in 2016 and is headquartered in Toronto, Canada. Avicanna operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 124 people.
Avicanna OTC Stock Technical Analysis
Avicanna technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Avicanna Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Avicanna cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Avicanna otc 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 otc 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 OTC 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 | (0.02) | |||
Jensen Alpha | (0.41) | |||
Total Risk Alpha | (1.71) | |||
Treynor Ratio | (0.71) |
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Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
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When running Avicanna's price analysis, check to measure Avicanna'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 Avicanna is operating at the current time. Most of Avicanna's value examination focuses on studying past and present price action to predict the probability of Avicanna's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avicanna's price. Additionally, you may evaluate how the addition of Avicanna to your portfolios can decrease your overall portfolio volatility.
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