Avivagen Stock Market Value
VIV Stock | CAD 0.01 0.00 0.00% |
Symbol | Avivagen |
Avivagen Price To Book Ratio
Avivagen '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 Avivagen'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 Avivagen.
07/07/2022 |
| 03/28/2024 |
If you would invest 0.00 in Avivagen on July 7, 2022 and sell it all today you would earn a total of 0.00 from holding Avivagen or generate 0.0% return on investment in Avivagen over 630 days. Avivagen is related to or competes with Enbridge, TC Energy, and Bank of Nova Scotia. Avivagen Inc. develops and commercializes various products to replace antibiotics in livestock feeds to optimize the hea... More
Avivagen 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 Avivagen'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 Avivagen upside and downside potential and time the market with a certain degree of confidence.
Avivagen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avivagen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avivagen's standard deviation. In reality, there are many statistical measures that can use Avivagen historical prices to predict the future Avivagen's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avivagen'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.
Avivagen Backtested Returns
We have found three technical indicators for Avivagen, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Avivagen are completely uncorrelated.
Auto-correlation | 0.77 |
Good predictability
Avivagen has good predictability. Overlapping area represents the amount of predictability between Avivagen time series from 7th of July 2022 to 18th of May 2023 and 18th of May 2023 to 28th of March 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 Avivagen price movement. The serial correlation of 0.77 indicates that around 77.0% of current Avivagen price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.77 | |
Spearman Rank Test | 0.21 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Avivagen lagged returns against current returns
Autocorrelation, which is Avivagen 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 Avivagen's stock expected returns. We can calculate the autocorrelation of Avivagen returns to help us make a trade decision. For example, suppose you find that Avivagen 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 |
Avivagen 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 Avivagen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avivagen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avivagen stock over time.
Current vs Lagged Prices |
Timeline |
Avivagen Lagged Returns
When evaluating Avivagen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avivagen stock have on its future price. Avivagen 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, Avivagen autocorrelation shows the relationship between Avivagen stock current value and its past values and can show if there is a momentum factor associated with investing in Avivagen.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avivagen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avivagen's short interest history, or implied volatility extrapolated from Avivagen options trading.
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Check out Avivagen Correlation, Avivagen Volatility and Avivagen Alpha and Beta module to complement your research on Avivagen. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Avivagen Stock analysis
When running Avivagen's price analysis, check to measure Avivagen'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 Avivagen is operating at the current time. Most of Avivagen's value examination focuses on studying past and present price action to predict the probability of Avivagen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avivagen's price. Additionally, you may evaluate how the addition of Avivagen to your portfolios can decrease your overall portfolio volatility.
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Avivagen 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.