Avanceon (Pakistan) Market Value
| AVN Stock | 52.91 1.73 3.17% |
| Symbol | Avanceon |
Avanceon '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 Avanceon'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 Avanceon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Avanceon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Avanceon or generate 0.0% return on investment in Avanceon over 30 days. Avanceon is related to or competes with Pakistan State, K Electric, Oil, Lucky Cement, Engro, Indus, and National Refinery. More
Avanceon 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 Avanceon'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 Avanceon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.38 |
Avanceon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avanceon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avanceon's standard deviation. In reality, there are many statistical measures that can use Avanceon historical prices to predict the future Avanceon's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.7688 |
Avanceon Backtested Returns
Avanceon secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Avanceon exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avanceon's risk adjusted performance of (0.09), and Mean Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Avanceon are expected to decrease at a much lower rate. During the bear market, Avanceon is likely to outperform the market. At this point, Avanceon has a negative expected return of -0.24%. Please make sure to confirm Avanceon's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Avanceon performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Avanceon has very good reverse predictability. Overlapping area represents the amount of predictability between Avanceon time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Avanceon price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Avanceon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
Avanceon lagged returns against current returns
Autocorrelation, which is Avanceon 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 Avanceon's stock expected returns. We can calculate the autocorrelation of Avanceon returns to help us make a trade decision. For example, suppose you find that Avanceon 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 |
Avanceon 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 Avanceon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avanceon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avanceon stock over time.
Current vs Lagged Prices |
| Timeline |
Avanceon Lagged Returns
When evaluating Avanceon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avanceon stock have on its future price. Avanceon 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, Avanceon autocorrelation shows the relationship between Avanceon stock current value and its past values and can show if there is a momentum factor associated with investing in Avanceon.
Regressed Prices |
| Timeline |
Pair Trading with Avanceon
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 Avanceon 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 Avanceon will appreciate offsetting losses from the drop in the long position's value.Moving against Avanceon Stock
The ability to find closely correlated positions to Avanceon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avanceon 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 Avanceon - 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 Avanceon to buy it.
The correlation of Avanceon 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 Avanceon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avanceon 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 Avanceon 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.Additional Tools for Avanceon Stock Analysis
When running Avanceon's price analysis, check to measure Avanceon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avanceon is operating at the current time. Most of Avanceon's value examination focuses on studying past and present price action to predict the probability of Avanceon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanceon's price. Additionally, you may evaluate how the addition of Avanceon to your portfolios can decrease your overall portfolio volatility.