Abivax Socit Anonyme Stock Market Value
| AAVXF Stock | USD 15.15 0.00 0.00% |
| Symbol | ABIVAX |
ABIVAX Société '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 ABIVAX Société's pink sheet 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 ABIVAX Société.
| 05/18/2022 |
| 05/07/2024 |
If you would invest 0.00 in ABIVAX Société on May 18, 2022 and sell it all today you would earn a total of 0.00 from holding ABIVAX Socit Anonyme or generate 0.0% return on investment in ABIVAX Société over 720 days. ABIVAX Société is related to or competes with Edgewise Therapeutics, Keros TherapeuticsInc, Monte Rosa, Mineralys Therapeutics, Erasca, Travere Therapeutics, and Ikena Oncology. ABIVAX Socit Anonyme discovers and optimizes drugs for the treatment of inflammatory diseases, infectious diseases, and ... More
ABIVAX Société 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 ABIVAX Société's pink sheet 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 ABIVAX Socit Anonyme upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1072 | |||
| Maximum Drawdown | 38.36 |
ABIVAX Société Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABIVAX Société's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABIVAX Société's standard deviation. In reality, there are many statistical measures that can use ABIVAX Société historical prices to predict the future ABIVAX Société's volatility.| Risk Adjusted Performance | 0.0856 | |||
| Jensen Alpha | 0.5978 | |||
| Total Risk Alpha | 0.078 | |||
| Treynor Ratio | (1.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ABIVAX Société'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.
ABIVAX Socit Anonyme Backtested Returns
ABIVAX Société appears to be somewhat reliable, given 3 months investment horizon. ABIVAX Socit Anonyme secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of return volatility over the last 3 months. By evaluating ABIVAX Société's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of ABIVAX Société's Mean Deviation of 1.14, standard deviation of 4.72, and Variance of 22.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ABIVAX Société holds a performance score of 9. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ABIVAX Société are expected to decrease at a much lower rate. During the bear market, ABIVAX Société is likely to outperform the market. Please check ABIVAX Société's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day typical price , to make a quick decision on whether ABIVAX Société's price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
ABIVAX Socit Anonyme has below average predictability. Overlapping area represents the amount of predictability between ABIVAX Société time series from 18th of May 2022 to 13th of May 2023 and 13th of May 2023 to 7th of May 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 ABIVAX Socit Anonyme price movement. The serial correlation of 0.38 indicates that just about 38.0% of current ABIVAX Société price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 12.62 |
ABIVAX Socit Anonyme lagged returns against current returns
Autocorrelation, which is ABIVAX Société pink sheet'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 ABIVAX Société's pink sheet expected returns. We can calculate the autocorrelation of ABIVAX Société returns to help us make a trade decision. For example, suppose you find that ABIVAX Société has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ABIVAX Société 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 ABIVAX Société pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABIVAX Société pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABIVAX Société pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ABIVAX Société Lagged Returns
When evaluating ABIVAX Société's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABIVAX Société pink sheet have on its future price. ABIVAX Société 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, ABIVAX Société autocorrelation shows the relationship between ABIVAX Société pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ABIVAX Socit Anonyme.
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 ABIVAX Société 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, ABIVAX Société's short interest history, or implied volatility extrapolated from ABIVAX Société options trading.
Pair Trading with ABIVAX Société
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 ABIVAX Société 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 ABIVAX Société will appreciate offsetting losses from the drop in the long position's value.Moving against ABIVAX Pink Sheet
| 0.56 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.52 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.46 | VRTX | Vertex Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to ABIVAX Société could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABIVAX Société 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 ABIVAX Société - 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 ABIVAX Socit Anonyme to buy it.
The correlation of ABIVAX Société 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 ABIVAX Société moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABIVAX Socit Anonyme 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 ABIVAX Société 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.Check out ABIVAX Société Correlation, ABIVAX Société Volatility and ABIVAX Société Alpha and Beta module to complement your research on ABIVAX Société. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for ABIVAX Pink Sheet analysis
When running ABIVAX Société's price analysis, check to measure ABIVAX Société'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 ABIVAX Société is operating at the current time. Most of ABIVAX Société's value examination focuses on studying past and present price action to predict the probability of ABIVAX Société's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABIVAX Société's price. Additionally, you may evaluate how the addition of ABIVAX Société to your portfolios can decrease your overall portfolio volatility.
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ABIVAX Société technical pink sheet 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, pink sheet market cycles, or different charting patterns.