Avalon Advanced Materials Stock Market Value
| AVL Stock | CAD 0.04 0.01 20.00% |
| Symbol | Avalon |
Avalon Advanced Materials Price To Book Ratio
Avalon Advanced '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 Avalon Advanced'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 Avalon Advanced.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Avalon Advanced on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Avalon Advanced Materials or generate 0.0% return on investment in Avalon Advanced over 720 days. Avalon Advanced is related to or competes with Ucore Rare, and Western Copper. Avalon Advanced Materials Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and... More
Avalon Advanced 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 Avalon Advanced'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 Avalon Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.16 | |||
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Avalon Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avalon Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avalon Advanced's standard deviation. In reality, there are many statistical measures that can use Avalon Advanced historical prices to predict the future Avalon Advanced's volatility.| Risk Adjusted Performance | 0.0219 | |||
| Jensen Alpha | 0.172 | |||
| Total Risk Alpha | (1.45) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | (1.40) |
Avalon Advanced Materials Backtested Returns
Avalon Advanced Materials secures Sharpe Ratio (or Efficiency) of -0.014, which signifies that the company had a -0.014% return per unit of standard deviation over the last 3 months. Avalon Advanced Materials exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avalon Advanced's mean deviation of 5.44, and Risk Adjusted Performance of 0.0219 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Avalon Advanced are expected to decrease at a much lower rate. During the bear market, Avalon Advanced is likely to outperform the market. At this point, Avalon Advanced Materials has a negative expected return of -0.14%. Please make sure to confirm Avalon Advanced's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Avalon Advanced Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Avalon Advanced Materials has very weak predictability. Overlapping area represents the amount of predictability between Avalon Advanced time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Avalon Advanced Materials price movement. The serial correlation of 0.19 indicates that over 19.0% of current Avalon Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avalon Advanced Materials lagged returns against current returns
Autocorrelation, which is Avalon Advanced 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 Avalon Advanced's stock expected returns. We can calculate the autocorrelation of Avalon Advanced returns to help us make a trade decision. For example, suppose you find that Avalon Advanced 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 |
Avalon Advanced 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 Avalon Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avalon Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avalon Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Avalon Advanced Lagged Returns
When evaluating Avalon Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avalon Advanced stock have on its future price. Avalon Advanced 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, Avalon Advanced autocorrelation shows the relationship between Avalon Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Avalon Advanced Materials.
Regressed Prices |
| Timeline |
Pair Trading with Avalon Advanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avalon Advanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avalon Advanced will appreciate offsetting losses from the drop in the long position's value.Moving against Avalon Stock
| 0.57 | BOFA | Bank of America | PairCorr |
| 0.55 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.53 | FDY | Faraday Copper Corp | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.52 | RY-PS | Royal Bank | PairCorr |
The ability to find closely correlated positions to Avalon Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avalon Advanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avalon Advanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avalon Advanced Materials to buy it.
The correlation of Avalon Advanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avalon Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avalon Advanced Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avalon Advanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Avalon Stock
Avalon Advanced financial ratios help investors to determine whether Avalon 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 Avalon with respect to the benefits of owning Avalon Advanced security.