Avante Logixx Stock Market Value
| XX Stock | CAD 1.17 0.02 1.68% |
| Symbol | Avante |
Avante Logixx Price To Book Ratio
Avante Logixx '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 Avante Logixx'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 Avante Logixx.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Avante Logixx on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Avante Logixx or generate 0.0% return on investment in Avante Logixx over 30 days. Avante Logixx is related to or competes with Senvest Capital, Fairfax Financial, Bank of Montreal, and Fairfax Fin. Avante Logixx Inc., through its subsidiaries, provides security services to residential, commercial, and enterprise clie... More
Avante Logixx 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 Avante Logixx'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 Avante Logixx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.2097 | |||
| Maximum Drawdown | 25.04 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 10.19 |
Avante Logixx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avante Logixx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avante Logixx's standard deviation. In reality, there are many statistical measures that can use Avante Logixx historical prices to predict the future Avante Logixx's volatility.| Risk Adjusted Performance | 0.1805 | |||
| Jensen Alpha | 0.8768 | |||
| Total Risk Alpha | 0.7612 | |||
| Sortino Ratio | 0.2505 | |||
| Treynor Ratio | (10.90) |
Avante Logixx Backtested Returns
Avante Logixx appears to be extremely dangerous, given 3 months investment horizon. Avante Logixx 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 Avante Logixx's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please makes use of Avante Logixx's mean deviation of 2.81, and Risk Adjusted Performance of 0.1805 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avante Logixx holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0803, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Avante Logixx are expected to decrease at a much lower rate. During the bear market, Avante Logixx is likely to outperform the market. Please check Avante Logixx's skewness, day median price, as well as the relationship between the value at risk and jensen alpha , to make a quick decision on whether Avante Logixx's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Avante Logixx has good predictability. Overlapping area represents the amount of predictability between Avante Logixx time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Avante Logixx price movement. The serial correlation of 0.66 indicates that around 66.0% of current Avante Logixx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avante Logixx lagged returns against current returns
Autocorrelation, which is Avante Logixx 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 Avante Logixx's stock expected returns. We can calculate the autocorrelation of Avante Logixx returns to help us make a trade decision. For example, suppose you find that Avante Logixx 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 |
Avante Logixx 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 Avante Logixx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avante Logixx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avante Logixx stock over time.
Current vs Lagged Prices |
| Timeline |
Avante Logixx Lagged Returns
When evaluating Avante Logixx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avante Logixx stock have on its future price. Avante Logixx 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, Avante Logixx autocorrelation shows the relationship between Avante Logixx stock current value and its past values and can show if there is a momentum factor associated with investing in Avante Logixx.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avante Stock Analysis
When running Avante Logixx's price analysis, check to measure Avante Logixx'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 Avante Logixx is operating at the current time. Most of Avante Logixx's value examination focuses on studying past and present price action to predict the probability of Avante Logixx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avante Logixx's price. Additionally, you may evaluate how the addition of Avante Logixx to your portfolios can decrease your overall portfolio volatility.