Avista Stock Market Value

AVA Stock  USD 34.68  0.98  2.91%   
Avista's market value is the price at which a share of Avista trades on a public exchange. It measures the collective expectations of Avista investors about its performance. Avista is trading at 34.68 as of the 28th of March 2024, a 2.91 percent up since the beginning of the trading day. The stock's open price was 33.7.
With this module, you can estimate the performance of a buy and hold strategy of Avista and determine expected loss or profit from investing in Avista over a given investment horizon. Check out Avista Correlation, Avista Volatility and Avista Alpha and Beta module to complement your research on Avista.
For information on how to trade Avista Stock refer to our How to Trade Avista Stock guide.
Symbol

Avista Price To Book Ratio

Is Avista's industry 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 Avista. If investors know Avista 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 Avista listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.034
Dividend Share
1.84
Earnings Share
2.24
Revenue Per Share
22.927
Quarterly Revenue Growth
0.014
The market value of Avista is measured differently than its book value, which is the value of Avista that is recorded on the company's balance sheet. Investors also form their own opinion of Avista's value that differs from its market value or its book value, called intrinsic value, which is Avista'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 Avista's market value can be influenced by many factors that don't directly affect Avista'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 Avista's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avista is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avista'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.

Avista '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 Avista'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 Avista.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Avista on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Avista or generate 0.0% return on investment in Avista over 30 days. Avista is related to or competes with Montauk Renewables, Companhia Paranaense, AES, Allete, Companhia Energetica, Companhia Paranaense, and Otter Tail. Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company More

Avista 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 Avista'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 Avista upside and downside potential and time the market with a certain degree of confidence.

Avista Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Avista's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avista's standard deviation. In reality, there are many statistical measures that can use Avista historical prices to predict the future Avista's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avista'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.
Hype
Prediction
LowEstimatedHigh
33.2634.6836.10
Details
Intrinsic
Valuation
LowRealHigh
34.2335.6537.07
Details
6 Analysts
Consensus
LowTargetHigh
33.6737.0041.07
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.931.051.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avista. Your research has to be compared to or analyzed against Avista's peers to derive any actionable benefits. When done correctly, Avista's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Avista.

Avista Backtested Returns

Avista secures Sharpe Ratio (or Efficiency) of -0.0118, which signifies that the company had a -0.0118% return per unit of risk over the last 3 months. Avista exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avista's Standard Deviation of 1.38, risk adjusted performance of 0.003, and Mean Deviation of 0.9597 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.39, 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, Avista will likely underperform. Avista has an expected return of -0.0168%. Please make sure to confirm Avista jensen alpha, kurtosis, price action indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Avista performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.39  

Below average predictability

Avista has below average predictability. Overlapping area represents the amount of predictability between Avista time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 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 Avista price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Avista price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test-0.19
Residual Average0.0
Price Variance0.1

Avista lagged returns against current returns

Autocorrelation, which is Avista 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 Avista's stock expected returns. We can calculate the autocorrelation of Avista returns to help us make a trade decision. For example, suppose you find that Avista 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  

Avista 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 Avista stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avista stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avista stock over time.
   Current vs Lagged Prices   
       Timeline  

Avista Lagged Returns

When evaluating Avista's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avista stock have on its future price. Avista 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, Avista autocorrelation shows the relationship between Avista stock current value and its past values and can show if there is a momentum factor associated with investing in Avista.
   Regressed Prices   
       Timeline  

Pair Trading with Avista

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avista position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avista will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avista Stock

  0.72AES AES Financial Report 2nd of May 2024 PairCorr
  0.83ALE Allete Inc Financial Report 1st of May 2024 PairCorr

Moving against Avista Stock

  0.45OTTR Otter Tail Financial Report 6th of May 2024 PairCorr
  0.42BIP-PB Brookfield InfrastructurePairCorr
The ability to find closely correlated positions to Avista could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avista when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avista - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avista to buy it.
The correlation of Avista is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avista moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avista moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avista can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Avista offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avista's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avista Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avista Stock:
Check out Avista Correlation, Avista Volatility and Avista Alpha and Beta module to complement your research on Avista.
For information on how to trade Avista Stock refer to our How to Trade Avista Stock guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Avista Stock analysis

When running Avista's price analysis, check to measure Avista'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 Avista is operating at the current time. Most of Avista's value examination focuses on studying past and present price action to predict the probability of Avista's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avista's price. Additionally, you may evaluate how the addition of Avista to your portfolios can decrease your overall portfolio volatility.
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Avista 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.
A focus of Avista technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Avista trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...