Avis Budget (Mexico) Market Value
| CAR Stock | MXN 1,551 85.00 5.20% |
| Symbol | Avis |
Avis Budget '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 Avis Budget'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 Avis Budget.
| 03/15/2023 |
| 03/04/2025 |
If you would invest 0.00 in Avis Budget on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Avis Budget Group or generate 0.0% return on investment in Avis Budget over 720 days. Avis Budget is related to or competes with Air Transport, DXC Technology, First Majestic, Southwest Airlines, New Oriental, Burlington Stores, and Steel Dynamics. Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary serv... More
Avis Budget 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 Avis Budget'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 Avis Budget Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.0 | |||
| Value At Risk | (5.20) |
Avis Budget Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avis Budget's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avis Budget's standard deviation. In reality, there are many statistical measures that can use Avis Budget historical prices to predict the future Avis Budget's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (2.74) |
Avis Budget Group Backtested Returns
Avis Budget Group secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2 % return per unit of risk over the last 3 months. Avis Budget Group exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avis Budget's Mean Deviation of 1.05, risk adjusted performance of (0.14), and Standard Deviation of 2.61 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avis Budget's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avis Budget is expected to be smaller as well. At this point, Avis Budget Group has a negative expected return of -0.54%. Please make sure to confirm Avis Budget's variance, value at risk, rate of daily change, as well as the relationship between the jensen alpha and kurtosis , to decide if Avis Budget Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Avis Budget Group has average predictability. Overlapping area represents the amount of predictability between Avis Budget time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th of March 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 Avis Budget Group price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Avis Budget price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 24.5 K |
Avis Budget Group lagged returns against current returns
Autocorrelation, which is Avis Budget 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 Avis Budget's stock expected returns. We can calculate the autocorrelation of Avis Budget returns to help us make a trade decision. For example, suppose you find that Avis Budget 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 |
Avis Budget 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 Avis Budget stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avis Budget stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avis Budget stock over time.
Current vs Lagged Prices |
| Timeline |
Avis Budget Lagged Returns
When evaluating Avis Budget's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avis Budget stock have on its future price. Avis Budget 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, Avis Budget autocorrelation shows the relationship between Avis Budget stock current value and its past values and can show if there is a momentum factor associated with investing in Avis Budget Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Avis Stock Analysis
When running Avis Budget's price analysis, check to measure Avis Budget'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 Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.