AVALONBAY CMNTYS INC Market Value
| 05348EBA6 | 96.04 1.13 1.16% |
| Symbol | AVALONBAY |
AVALONBAY '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 AVALONBAY's bond 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 AVALONBAY.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in AVALONBAY on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding AVALONBAY CMNTYS INC or generate 0.0% return on investment in AVALONBAY over 540 days. AVALONBAY is related to or competes with Nextplat Corp, Sphere Entertainment, Delek Logistics, Dave Busters, Sun Country, JD Sports, and Space-Communication. More
AVALONBAY 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 AVALONBAY's bond 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 AVALONBAY CMNTYS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3812 |
AVALONBAY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVALONBAY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVALONBAY's standard deviation. In reality, there are many statistical measures that can use AVALONBAY historical prices to predict the future AVALONBAY's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 8.02 |
AVALONBAY CMNTYS INC Backtested Returns
AVALONBAY CMNTYS INC retains Efficiency (Sharpe Ratio) of -0.16, which signifies that the bond had a -0.16% return per unit of risk over the last 3 months. AVALONBAY exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AVALONBAY's variance of 0.0583, and Market Risk Adjusted Performance of 8.03 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0018, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AVALONBAY are expected to decrease at a much lower rate. During the bear market, AVALONBAY is likely to outperform the market.
Auto-correlation | 0.18 |
Very weak predictability
AVALONBAY CMNTYS INC has very weak predictability. Overlapping area represents the amount of predictability between AVALONBAY time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 AVALONBAY CMNTYS INC price movement. The serial correlation of 0.18 indicates that over 18.0% of current AVALONBAY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
AVALONBAY CMNTYS INC lagged returns against current returns
Autocorrelation, which is AVALONBAY bond'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 AVALONBAY's bond expected returns. We can calculate the autocorrelation of AVALONBAY returns to help us make a trade decision. For example, suppose you find that AVALONBAY has exhibited high autocorrelation historically, and you observe that the bond 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 |
AVALONBAY 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 AVALONBAY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVALONBAY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVALONBAY bond over time.
Current vs Lagged Prices |
| Timeline |
AVALONBAY Lagged Returns
When evaluating AVALONBAY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVALONBAY bond have on its future price. AVALONBAY 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, AVALONBAY autocorrelation shows the relationship between AVALONBAY bond current value and its past values and can show if there is a momentum factor associated with investing in AVALONBAY CMNTYS INC.
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 AVALONBAY Bond
AVALONBAY financial ratios help investors to determine whether AVALONBAY Bond 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 AVALONBAY with respect to the benefits of owning AVALONBAY security.