Avista Stock Market Value
| AVA Stock | USD 38.54 0.06 0.16% |
| Symbol | Avista |
Avista Price To Book Ratio
Is Multi-Utilities 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 Avista. If investors know Avista 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 Avista 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 0.211 | Dividend Share 1.885 | Earnings Share 2.53 | Revenue Per Share 24.563 | Quarterly Revenue Growth 0.037 |
The market value of Avista is measured differently than its book value, which is the value of Avista that is recorded on the company's balance sheet. Investors also form their own opinion of Avista's value that differs from its market value or its book value, called intrinsic value, which is Avista'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 Avista's market value can be influenced by many factors that don't directly affect Avista'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 Avista's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avista is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avista'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.
Avista '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 Avista'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 Avista.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Avista on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Avista or generate 0.0% return on investment in Avista over 30 days. Avista is related to or competes with Allete, Black Hills, Montauk Renewables, Companhia Paranaense, NorthWestern, Otter Tail, and AES. Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company More
Avista 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 Avista'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 Avista upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.1 |
Avista Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avista's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avista's standard deviation. In reality, there are many statistical measures that can use Avista historical prices to predict the future Avista's volatility.| Risk Adjusted Performance | 0.0053 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avista's 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.
Avista Backtested Returns
At this point, Avista is very steady. Avista secures Sharpe Ratio (or Efficiency) of 0.019, which signifies that the company had a 0.019% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Avista, which you can use to evaluate the volatility of the firm. Please confirm Avista's Downside Deviation of 1.13, risk adjusted performance of 0.0053, and Mean Deviation of 0.9244 to double-check if the risk estimate we provide is consistent with the expected return of 0.0213%. Avista has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0807, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avista's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avista is expected to be smaller as well. Avista right now shows a risk of 1.12%. Please confirm Avista standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Avista will be following its price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Avista has weak reverse predictability. Overlapping area represents the amount of predictability between Avista time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Avista price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Avista price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Avista lagged returns against current returns
Autocorrelation, which is Avista 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 Avista's stock expected returns. We can calculate the autocorrelation of Avista returns to help us make a trade decision. For example, suppose you find that Avista 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 |
Avista 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 Avista stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avista stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avista stock over time.
Current vs Lagged Prices |
| Timeline |
Avista Lagged Returns
When evaluating Avista's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avista stock have on its future price. Avista 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, Avista autocorrelation shows the relationship between Avista stock current value and its past values and can show if there is a momentum factor associated with investing in Avista.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Avista offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avista's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avista Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avista Stock:Check out Avista Correlation, Avista Volatility and Avista Alpha and Beta module to complement your research on Avista. For information on how to trade Avista Stock refer to our How to Trade Avista Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Avista 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.