AVITA Medical (Germany) Market Value
| 51KB Stock | EUR 2.40 0.04 1.69% |
| Symbol | AVITA |
AVITA Medical '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 AVITA Medical'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 AVITA Medical.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in AVITA Medical on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding AVITA Medical or generate 0.0% return on investment in AVITA Medical over 180 days. AVITA Medical is related to or competes with CECO ENVIRONMENTAL, SBI Insurance, BLUESCOPE STEEL, Japan Post, ZURICH INSURANCE, and United Insurance. More
AVITA Medical 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 AVITA Medical'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 AVITA Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.1563 | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 5.66 |
AVITA Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVITA Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVITA Medical's standard deviation. In reality, there are many statistical measures that can use AVITA Medical historical prices to predict the future AVITA Medical's volatility.| Risk Adjusted Performance | 0.1567 | |||
| Jensen Alpha | 0.5977 | |||
| Total Risk Alpha | 0.0894 | |||
| Sortino Ratio | 0.1579 | |||
| Treynor Ratio | 0.97 |
AVITA Medical Backtested Returns
AVITA Medical appears to be very risky, given 3 months investment horizon. AVITA Medical secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of return volatility over the last 3 months. By reviewing AVITA Medical's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of AVITA Medical's Risk Adjusted Performance of 0.1567, mean deviation of 2.71, and Semi Deviation of 3.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AVITA Medical holds a performance score of 14. The firm shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AVITA Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding AVITA Medical is expected to be smaller as well. Please check AVITA Medical's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether AVITA Medical's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
AVITA Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between AVITA Medical time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 AVITA Medical price movement. The serial correlation of -0.07 indicates that barely 7.0% of current AVITA Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
AVITA Medical lagged returns against current returns
Autocorrelation, which is AVITA Medical 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 AVITA Medical's stock expected returns. We can calculate the autocorrelation of AVITA Medical returns to help us make a trade decision. For example, suppose you find that AVITA Medical 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 |
AVITA Medical 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 AVITA Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVITA Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVITA Medical stock over time.
Current vs Lagged Prices |
| Timeline |
AVITA Medical Lagged Returns
When evaluating AVITA Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVITA Medical stock have on its future price. AVITA Medical 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, AVITA Medical autocorrelation shows the relationship between AVITA Medical stock current value and its past values and can show if there is a momentum factor associated with investing in AVITA Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in AVITA Stock
When determining whether AVITA Medical is a strong investment it is important to analyze AVITA Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AVITA Medical's future performance. For an informed investment choice regarding AVITA Stock, refer to the following important reports:Check out AVITA Medical Correlation, AVITA Medical Volatility and AVITA Medical Alpha and Beta module to complement your research on AVITA Medical. For more detail on how to invest in AVITA Stock please use our How to Invest in AVITA Medical guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
AVITA Medical 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.