Avicanna Stock Market Value
| AVCNF Stock | USD 0.19 0.02 11.76% |
| Symbol | Avicanna |
Avicanna '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 Avicanna's otc 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 Avicanna.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Avicanna on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Avicanna or generate 0.0% return on investment in Avicanna over 30 days. Avicanna Inc., a commercial-stage biopharmaceutical company, engages in the research and development of evidence-based p... More
Avicanna 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 Avicanna's otc 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 Avicanna upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 44.0 | |||
| Value At Risk | (15.00) | |||
| Potential Upside | 17.39 |
Avicanna Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avicanna's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avicanna's standard deviation. In reality, there are many statistical measures that can use Avicanna historical prices to predict the future Avicanna's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | (0.10) |
Avicanna Backtested Returns
Avicanna secures Sharpe Ratio (or Efficiency) of -0.0498, which signifies that the company had a -0.0498% return per unit of risk over the last 3 months. Avicanna exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avicanna's Risk Adjusted Performance of 0.0077, standard deviation of 8.31, and Mean Deviation of 4.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avicanna's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avicanna is expected to be smaller as well. At this point, Avicanna has a negative expected return of -0.4%. Please make sure to confirm Avicanna's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Avicanna performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Avicanna has very good reverse predictability. Overlapping area represents the amount of predictability between Avicanna time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Avicanna price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Avicanna price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avicanna lagged returns against current returns
Autocorrelation, which is Avicanna otc 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 Avicanna's otc stock expected returns. We can calculate the autocorrelation of Avicanna returns to help us make a trade decision. For example, suppose you find that Avicanna has exhibited high autocorrelation historically, and you observe that the otc 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 |
Avicanna 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 Avicanna otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avicanna otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avicanna otc stock over time.
Current vs Lagged Prices |
| Timeline |
Avicanna Lagged Returns
When evaluating Avicanna's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avicanna otc stock have on its future price. Avicanna 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, Avicanna autocorrelation shows the relationship between Avicanna otc stock current value and its past values and can show if there is a momentum factor associated with investing in Avicanna.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Avicanna OTC Stock
Avicanna financial ratios help investors to determine whether Avicanna OTC 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.