Advent Wireless Stock Market Value
| AWI Stock | CAD 0.83 0.18 27.69% |
| Symbol | Advent |
Advent Wireless '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 Advent Wireless' 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 Advent Wireless.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Advent Wireless on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Advent Wireless or generate 0.0% return on investment in Advent Wireless over 720 days. Advent Wireless is related to or competes with Restaurant Brands, Enghouse Systems, Metro, and Goeasy. Advent-AWI Holdings Inc., together with its subsidiaries, sells cellular and wireless products, services, and accessorie... More
Advent Wireless 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 Advent Wireless' 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 Advent Wireless upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 28.57 |
Advent Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advent Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advent Wireless' standard deviation. In reality, there are many statistical measures that can use Advent Wireless historical prices to predict the future Advent Wireless' volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.781 |
Advent Wireless Backtested Returns
Advent Wireless appears to be extremely dangerous, given 3 months investment horizon. Advent Wireless secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Advent Wireless, which you can use to evaluate the volatility of the firm. Please makes use of Advent Wireless' Risk Adjusted Performance of 0.0078, standard deviation of 5.1, and Mean Deviation of 1.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advent Wireless holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0192, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Advent Wireless are expected to decrease at a much lower rate. During the bear market, Advent Wireless is likely to outperform the market. Please check Advent Wireless' jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to make a quick decision on whether Advent Wireless' price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Advent Wireless has virtually no predictability. Overlapping area represents the amount of predictability between Advent Wireless time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Advent Wireless price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Advent Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advent Wireless lagged returns against current returns
Autocorrelation, which is Advent Wireless 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 Advent Wireless' stock expected returns. We can calculate the autocorrelation of Advent Wireless returns to help us make a trade decision. For example, suppose you find that Advent Wireless 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 |
Advent Wireless 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 Advent Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advent Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advent Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Advent Wireless Lagged Returns
When evaluating Advent Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advent Wireless stock have on its future price. Advent Wireless 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, Advent Wireless autocorrelation shows the relationship between Advent Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Advent Wireless.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Advent Stock Analysis
When running Advent Wireless' price analysis, check to measure Advent Wireless' 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 Advent Wireless is operating at the current time. Most of Advent Wireless' value examination focuses on studying past and present price action to predict the probability of Advent Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advent Wireless' price. Additionally, you may evaluate how the addition of Advent Wireless to your portfolios can decrease your overall portfolio volatility.