Anavex Life Sciences Stock Market Value
| AVXL Stock | USD 9.46 0.43 4.76% |
| Symbol | Anavex |
Anavex Life Sciences Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Anavex Life. If investors know Anavex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Anavex Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.51) | Return On Assets (0.20) | Return On Equity (0.30) |
The market value of Anavex Life Sciences is measured differently than its book value, which is the value of Anavex that is recorded on the company's balance sheet. Investors also form their own opinion of Anavex Life's value that differs from its market value or its book value, called intrinsic value, which is Anavex Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Anavex Life's market value can be influenced by many factors that don't directly affect Anavex Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Anavex Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anavex Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anavex Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Anavex Life '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 Anavex Life'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 Anavex Life.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Anavex Life on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Anavex Life Sciences or generate 0.0% return on investment in Anavex Life over 540 days. Anavex Life is related to or competes with CytomX Therapeutics, Instil Bio, Spero Therapeutics, Assembly Biosciences, Achilles Therapeutics, NextCure, and Senti Biosciences. Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates fo... More
Anavex Life 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 Anavex Life'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 Anavex Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.1185 | |||
| Maximum Drawdown | 30.62 | |||
| Value At Risk | (7.22) | |||
| Potential Upside | 10.31 |
Anavex Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anavex Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anavex Life's standard deviation. In reality, there are many statistical measures that can use Anavex Life historical prices to predict the future Anavex Life's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.4531 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1565 | |||
| Treynor Ratio | 0.3191 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anavex Life's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Anavex Life Sciences Backtested Returns
Anavex Life appears to be somewhat reliable, given 3 months investment horizon. Anavex Life Sciences secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. By analyzing Anavex Life's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Anavex Life's mean deviation of 3.41, and Risk Adjusted Performance of 0.1184 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anavex Life holds a performance score of 15. The firm shows a Beta (market volatility) of 2.22, 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, Anavex Life will likely underperform. Please check Anavex Life's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Anavex Life's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Anavex Life Sciences has good reverse predictability. Overlapping area represents the amount of predictability between Anavex Life 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 Anavex Life Sciences price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Anavex Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Anavex Life Sciences lagged returns against current returns
Autocorrelation, which is Anavex Life 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 Anavex Life's stock expected returns. We can calculate the autocorrelation of Anavex Life returns to help us make a trade decision. For example, suppose you find that Anavex Life 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 |
Anavex Life 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 Anavex Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anavex Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anavex Life stock over time.
Current vs Lagged Prices |
| Timeline |
Anavex Life Lagged Returns
When evaluating Anavex Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anavex Life stock have on its future price. Anavex Life 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, Anavex Life autocorrelation shows the relationship between Anavex Life stock current value and its past values and can show if there is a momentum factor associated with investing in Anavex Life Sciences.
Regressed Prices |
| Timeline |
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Anavex Life 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.