Avvax Fund Market Value
| AVVAX Fund | 12.12 0.01 0.08% |
| Symbol | Avvax |
Please note, there is a significant difference between Avvax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avvax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avvax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Avvax '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 Avvax's mutual fund 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 Avvax.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Avvax on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Avvax or generate 0.0% return on investment in Avvax over 720 days. Avvax is related to or competes with The Hartford, Rbc Global, Jpmorgan Equity, Multimedia Portfolio, Cutler Equity, Ultra-short Fixed, and Sarofim Equity. Avvax is entity of United States. It is traded as Fund on NMFQS exchange. More
Avvax 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 Avvax's mutual fund 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 Avvax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.711 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.11 |
Avvax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avvax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avvax's standard deviation. In reality, there are many statistical measures that can use Avvax historical prices to predict the future Avvax's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.085 |
Avvax Backtested Returns
At this stage we consider Avvax Mutual Fund to be very steady. Avvax secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Avvax, which you can use to evaluate the volatility of the entity. Please confirm Avvax's Risk Adjusted Performance of 0.0829, mean deviation of 0.5487, and Downside Deviation of 0.711 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avvax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avvax is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Avvax has good predictability. Overlapping area represents the amount of predictability between Avvax time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Avvax price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Avvax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Avvax lagged returns against current returns
Autocorrelation, which is Avvax mutual fund'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 Avvax's mutual fund expected returns. We can calculate the autocorrelation of Avvax returns to help us make a trade decision. For example, suppose you find that Avvax has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Avvax 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 Avvax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avvax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avvax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Avvax Lagged Returns
When evaluating Avvax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avvax mutual fund have on its future price. Avvax 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, Avvax autocorrelation shows the relationship between Avvax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Avvax.
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 Avvax Mutual Fund
Avvax financial ratios help investors to determine whether Avvax Mutual Fund 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 Avvax with respect to the benefits of owning Avvax security.
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