Avidbank Holdings Stock Market Value
| AVBH Stock | USD 22.11 0.01 0.05% |
| Symbol | Avidbank |
Avidbank Holdings '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 Avidbank Holdings' pink sheet 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 Avidbank Holdings.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Avidbank Holdings on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Avidbank Holdings or generate 0.0% return on investment in Avidbank Holdings over 30 days. Avidbank Holdings is related to or competes with Western Asset, Invesco Trust, Logan Ridge, Invesco Advantage, Invesco Municipal, Rand Capital, and Noah Holdings. Avidbank Holdings, Inc. operates as a bank holding company for Avidbank that provides financial products and services to... More
Avidbank Holdings 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 Avidbank Holdings' pink sheet 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 Avidbank Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.478 | |||
| Information Ratio | 0.1391 | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 1.29 |
Avidbank Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avidbank Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avidbank Holdings' standard deviation. In reality, there are many statistical measures that can use Avidbank Holdings historical prices to predict the future Avidbank Holdings' volatility.| Risk Adjusted Performance | 0.2554 | |||
| Jensen Alpha | 0.179 | |||
| Total Risk Alpha | 0.1054 | |||
| Sortino Ratio | 0.1647 | |||
| Treynor Ratio | 6.17 |
Avidbank Holdings Backtested Returns
Avidbank Holdings is very steady at the moment. Avidbank Holdings secures Sharpe Ratio (or Efficiency) of 0.33, which signifies that the company had a 0.33% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Avidbank Holdings, which you can use to evaluate the volatility of the firm. Please confirm Avidbank Holdings' Mean Deviation of 0.3899, coefficient of variation of 294.73, and Risk Adjusted Performance of 0.2554 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Avidbank Holdings has a performance score of 25 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0295, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avidbank Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Avidbank Holdings is expected to be smaller as well. Avidbank Holdings right now shows a risk of 0.57%. Please confirm Avidbank Holdings variance, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Avidbank Holdings will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Avidbank Holdings has very good predictability. Overlapping area represents the amount of predictability between Avidbank Holdings time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Avidbank Holdings price movement. The serial correlation of 0.8 indicates that around 80.0% of current Avidbank Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Avidbank Holdings lagged returns against current returns
Autocorrelation, which is Avidbank Holdings pink sheet'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 Avidbank Holdings' pink sheet expected returns. We can calculate the autocorrelation of Avidbank Holdings returns to help us make a trade decision. For example, suppose you find that Avidbank Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Avidbank Holdings 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 Avidbank Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avidbank Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avidbank Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Avidbank Holdings Lagged Returns
When evaluating Avidbank Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avidbank Holdings pink sheet have on its future price. Avidbank Holdings 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, Avidbank Holdings autocorrelation shows the relationship between Avidbank Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Avidbank Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Avidbank Pink Sheet
Avidbank Holdings financial ratios help investors to determine whether Avidbank Pink Sheet 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 Avidbank with respect to the benefits of owning Avidbank Holdings security.