Avi (South Africa) Market Value
| AVI Stock | 9,200 46.00 0.50% |
| Symbol | Avi |
Avi '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 Avi'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 Avi.
| 08/30/2024 |
| 02/26/2025 |
If you would invest 0.00 in Avi on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Avi or generate 0.0% return on investment in Avi over 180 days. Avi is related to or competes with HomeChoice Investments, Nedbank, Reinet Investments, Afine Investments, and Brimstone Investment. More
Avi 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 Avi'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 Avi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.67 |
Avi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avi's standard deviation. In reality, there are many statistical measures that can use Avi historical prices to predict the future Avi's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (5.35) |
Avi Backtested Returns
Avi secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25 % return per unit of risk over the last 3 months. Avi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avi's Standard Deviation of 1.24, mean deviation of 1.01, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.054, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avi is expected to be smaller as well. At this point, Avi has a negative expected return of -0.3%. Please make sure to confirm Avi's jensen alpha, value at risk, accumulation distribution, as well as the relationship between the treynor ratio and skewness , to decide if Avi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Avi has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Avi time series from 30th of August 2024 to 28th of November 2024 and 28th of November 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avi price movement. The serial correlation of -0.71 indicates that around 71.0% of current Avi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 374.1 K |
Avi lagged returns against current returns
Autocorrelation, which is Avi 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 Avi's stock expected returns. We can calculate the autocorrelation of Avi returns to help us make a trade decision. For example, suppose you find that Avi 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 |
Avi 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 Avi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avi stock over time.
Current vs Lagged Prices |
| Timeline |
Avi Lagged Returns
When evaluating Avi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avi stock have on its future price. Avi 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, Avi autocorrelation shows the relationship between Avi stock current value and its past values and can show if there is a momentum factor associated with investing in Avi.
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.Other Information on Investing in Avi Stock
Avi financial ratios help investors to determine whether Avi 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 Avi with respect to the benefits of owning Avi security.