Avita Therapeutics (Australia) Market Value
| AVH Stock | 3.90 0.04 1.02% |
| Symbol | Avita |
Avita Therapeutics '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 Therapeutics' 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 Therapeutics.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Avita Therapeutics on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Avita Therapeutics or generate 0.0% return on investment in Avita Therapeutics over 90 days. Avita Therapeutics is related to or competes with Charter Hall, Hotel Property, Clime Investment, REGAL ASIAN, BKI Investment, and National Storage. Avita Therapeutics is entity of Australia More
Avita Therapeutics 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 Therapeutics' 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 Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.1531 | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 6.02 |
Avita Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avita Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avita Therapeutics' standard deviation. In reality, there are many statistical measures that can use Avita Therapeutics historical prices to predict the future Avita Therapeutics' volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.5653 | |||
| Total Risk Alpha | 0.0821 | |||
| Sortino Ratio | 0.176 | |||
| Treynor Ratio | 1.25 |
Avita Therapeutics Backtested Returns
Avita Therapeutics appears to be relatively risky, given 3 months investment horizon. Avita Therapeutics secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Avita Therapeutics' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Avita Therapeutics' Mean Deviation of 2.63, risk adjusted performance of 0.1568, and Downside Deviation of 2.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avita Therapeutics holds a performance score of 14. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avita Therapeutics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Avita Therapeutics is expected to be smaller as well. Please check Avita Therapeutics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Avita Therapeutics' price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Avita Therapeutics has good predictability. Overlapping area represents the amount of predictability between Avita Therapeutics time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 Avita Therapeutics price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Avita Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Avita Therapeutics lagged returns against current returns
Autocorrelation, which is Avita Therapeutics 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 Therapeutics' stock expected returns. We can calculate the autocorrelation of Avita Therapeutics returns to help us make a trade decision. For example, suppose you find that Avita Therapeutics 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 Therapeutics 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 Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avita Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avita Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Avita Therapeutics Lagged Returns
When evaluating Avita Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avita Therapeutics stock have on its future price. Avita Therapeutics 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 Therapeutics autocorrelation shows the relationship between Avita Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Avita Therapeutics.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avita Stock Analysis
When running Avita Therapeutics' price analysis, check to measure Avita Therapeutics' 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 Avita Therapeutics is operating at the current time. Most of Avita Therapeutics' value examination focuses on studying past and present price action to predict the probability of Avita Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avita Therapeutics' price. Additionally, you may evaluate how the addition of Avita Therapeutics to your portfolios can decrease your overall portfolio volatility.