Avid Bioservices Stock Market Value
| CDMO Stock | USD 12.35 0.02 0.16% |
| Symbol | Avid |
Is Pharmaceutical Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avid Bioservices. If investors know Avid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avid Bioservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' 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.
Avid Bioservices '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 Avid Bioservices' 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 Avid Bioservices.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Avid Bioservices on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Avid Bioservices or generate 0.0% return on investment in Avid Bioservices over 90 days. Avid Bioservices is related to or competes with Anebulo Pharmaceuticals, Adagene, Acrivon Therapeutics,, AnaptysBio, Mineralys Therapeutics,, Crinetics Pharmaceuticals, and Cytokinetics. Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current ... More
Avid Bioservices 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 Avid Bioservices' 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 Avid Bioservices upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 24.79 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 5.28 |
Avid Bioservices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avid Bioservices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avid Bioservices' standard deviation. In reality, there are many statistical measures that can use Avid Bioservices historical prices to predict the future Avid Bioservices' volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.16 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | 0.2424 |
Avid Bioservices Backtested Returns
Avid Bioservices appears to be somewhat reliable, given 3 months investment horizon. Avid Bioservices 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 thirty technical indicators for Avid Bioservices, which you can use to evaluate the volatility of the firm. Please makes use of Avid Bioservices' Mean Deviation of 2.26, risk adjusted performance of 0.072, and Downside Deviation of 3.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avid Bioservices holds a performance score of 9. The firm shows a Beta (market volatility) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avid Bioservices will likely underperform. Please check Avid Bioservices' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Avid Bioservices' price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Avid Bioservices has virtually no predictability. Overlapping area represents the amount of predictability between Avid Bioservices time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Avid Bioservices price movement. The serial correlation of 0.01 indicates that just 1.0% of current Avid Bioservices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Avid Bioservices lagged returns against current returns
Autocorrelation, which is Avid Bioservices 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 Avid Bioservices' stock expected returns. We can calculate the autocorrelation of Avid Bioservices returns to help us make a trade decision. For example, suppose you find that Avid Bioservices 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 |
Avid Bioservices 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 Avid Bioservices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avid Bioservices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avid Bioservices stock over time.
Current vs Lagged Prices |
| Timeline |
Avid Bioservices Lagged Returns
When evaluating Avid Bioservices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avid Bioservices stock have on its future price. Avid Bioservices 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, Avid Bioservices autocorrelation shows the relationship between Avid Bioservices stock current value and its past values and can show if there is a momentum factor associated with investing in Avid Bioservices.
Regressed Prices |
| Timeline |
Pair Trading with Avid Bioservices
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 Avid Bioservices 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 Avid Bioservices will appreciate offsetting losses from the drop in the long position's value.Moving together with Avid Stock
Moving against Avid Stock
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The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices 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 Avid Bioservices - 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 Avid Bioservices to buy it.
The correlation of Avid Bioservices 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 Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices 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 Avid Bioservices 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.Check out Avid Bioservices Correlation, Avid Bioservices Volatility and Avid Bioservices Alpha and Beta module to complement your research on Avid Bioservices. To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Avid Bioservices technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.