Advancetc Limited Stock Market Value
| ATCLF Stock | USD 0 0.00 0.00% |
| Symbol | AdvanceTC |
AdvanceTC '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 AdvanceTC's pink sheet 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 AdvanceTC.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in AdvanceTC on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding AdvanceTC Limited or generate 0.0% return on investment in AdvanceTC over 570 days. AdvanceTC is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, Mobilicom Limited, and SatixFy Communications. AdvanceTC Limited designs, develops, and commercializes mobile wireless computing and telecommunication devices worldwid... More
AdvanceTC 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 AdvanceTC's pink sheet 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 AdvanceTC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 138.53 |
AdvanceTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvanceTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvanceTC's standard deviation. In reality, there are many statistical measures that can use AdvanceTC historical prices to predict the future AdvanceTC's volatility.| Risk Adjusted Performance | 0.0488 | |||
| Jensen Alpha | 0.4377 | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | 0.368 |
AdvanceTC Limited Backtested Returns
AdvanceTC appears to be out of control, given 3 months investment horizon. AdvanceTC Limited secures Sharpe Ratio (or Efficiency) of 0.0528, which signifies that the company had a 0.0528% return per unit of risk over the last 3 months. By analyzing AdvanceTC's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of AdvanceTC's Standard Deviation of 12.71, risk adjusted performance of 0.0488, and Mean Deviation of 2.73 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AdvanceTC holds a performance score of 4. The firm shows a Beta (market volatility) of 1.76, 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, AdvanceTC will likely underperform. Please check AdvanceTC's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether AdvanceTC's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
AdvanceTC Limited has below average predictability. Overlapping area represents the amount of predictability between AdvanceTC time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th of November 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 AdvanceTC Limited price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current AdvanceTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AdvanceTC Limited lagged returns against current returns
Autocorrelation, which is AdvanceTC pink sheet'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 AdvanceTC's pink sheet expected returns. We can calculate the autocorrelation of AdvanceTC returns to help us make a trade decision. For example, suppose you find that AdvanceTC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
AdvanceTC 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 AdvanceTC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvanceTC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvanceTC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AdvanceTC Lagged Returns
When evaluating AdvanceTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvanceTC pink sheet have on its future price. AdvanceTC 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, AdvanceTC autocorrelation shows the relationship between AdvanceTC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AdvanceTC Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AdvanceTC Pink Sheet
AdvanceTC financial ratios help investors to determine whether AdvanceTC Pink Sheet 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 AdvanceTC with respect to the benefits of owning AdvanceTC security.