Avricore Health Stock Market Value
| AVCRF Stock | USD 0.06 0.01 18.36% |
| Symbol | Avricore |
Avricore Health '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 Avricore Health'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 Avricore Health.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Avricore Health on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Avricore Health or generate 0.0% return on investment in Avricore Health over 30 days. Avricore Health is related to or competes with Neuronetics, Intelligent Bio, Biodesix, Precipio, ProPhase Labs, BioAffinity Technologies, and RadNet. Avricore Health Inc. engages in the health data and point-of-care technologies business in Canada More
Avricore Health 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 Avricore Health'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 Avricore Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 77.41 | |||
| Value At Risk | (18.00) | |||
| Potential Upside | 23.08 |
Avricore Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avricore Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avricore Health's standard deviation. In reality, there are many statistical measures that can use Avricore Health historical prices to predict the future Avricore Health's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (2.47) | |||
| Treynor Ratio | (0.52) |
Avricore Health Backtested Returns
Avricore Health secures Sharpe Ratio (or Efficiency) of -0.0488, which signifies that the company had a -0.0488% return per unit of risk over the last 3 months. Avricore Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avricore Health's Risk Adjusted Performance of (0.03), mean deviation of 6.39, and Standard Deviation of 12.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.45, 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, Avricore Health will likely underperform. At this point, Avricore Health has a negative expected return of -0.62%. Please make sure to confirm Avricore Health's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Avricore Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Avricore Health has excellent reverse predictability. Overlapping area represents the amount of predictability between Avricore Health time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Avricore Health price movement. The serial correlation of -0.83 indicates that around 83.0% of current Avricore Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avricore Health lagged returns against current returns
Autocorrelation, which is Avricore Health 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 Avricore Health's pink sheet expected returns. We can calculate the autocorrelation of Avricore Health returns to help us make a trade decision. For example, suppose you find that Avricore Health 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 |
Avricore Health 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 Avricore Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avricore Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avricore Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Avricore Health Lagged Returns
When evaluating Avricore Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avricore Health pink sheet have on its future price. Avricore Health 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, Avricore Health autocorrelation shows the relationship between Avricore Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Avricore Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Avricore Pink Sheet
Avricore Health financial ratios help investors to determine whether Avricore 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 Avricore with respect to the benefits of owning Avricore Health security.