Avenira (Australia) Market Value
| AEV Stock | 0.01 0 10.00% |
| Symbol | Avenira |
Avenira '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 Avenira'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 Avenira.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Avenira on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Avenira or generate 0.0% return on investment in Avenira over 390 days. Avenira is related to or competes with Platinum Asset, Regal Funds, Clime Investment, Bluescope Steel, Champion Iron, Mount Gibson, and Carlton Investments. Avenira is entity of Australia. It is traded as Stock on AU exchange. More
Avenira 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 Avenira'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 Avenira upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Avenira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avenira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avenira's standard deviation. In reality, there are many statistical measures that can use Avenira historical prices to predict the future Avenira's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.22) |
Avenira Backtested Returns
Avenira secures Sharpe Ratio (or Efficiency) of -0.049, which signifies that the company had a -0.049% return per unit of standard deviation over the last 3 months. Avenira exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avenira's mean deviation of 3.62, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.31, 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, Avenira will likely underperform. At this point, Avenira has a negative expected return of -0.28%. Please make sure to confirm Avenira's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Avenira performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Avenira has good reverse predictability. Overlapping area represents the amount of predictability between Avenira time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Avenira price movement. The serial correlation of -0.55 indicates that about 55.0% of current Avenira price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avenira lagged returns against current returns
Autocorrelation, which is Avenira 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 Avenira's stock expected returns. We can calculate the autocorrelation of Avenira returns to help us make a trade decision. For example, suppose you find that Avenira 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 |
Avenira 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 Avenira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avenira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avenira stock over time.
Current vs Lagged Prices |
| Timeline |
Avenira Lagged Returns
When evaluating Avenira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avenira stock have on its future price. Avenira 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, Avenira autocorrelation shows the relationship between Avenira stock current value and its past values and can show if there is a momentum factor associated with investing in Avenira.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avenira Stock Analysis
When running Avenira's price analysis, check to measure Avenira'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 Avenira is operating at the current time. Most of Avenira's value examination focuses on studying past and present price action to predict the probability of Avenira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avenira's price. Additionally, you may evaluate how the addition of Avenira to your portfolios can decrease your overall portfolio volatility.