ABIVAX Pink Sheet Market Value
| AAVXF Stock | USD 18.21 0.00 0.00% |
| Symbol | ABIVAX |
ABIVAX Socit '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 Socit'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 Socit.
| 08/23/2023 |
| 09/22/2023 |
If you would invest 0.00 in ABIVAX Socit on August 23, 2023 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 Socit over 30 days. ABIVAX Socit is related to or competes with Novo Nordisk, CSL, CSL, Vertex Pharmaceuticals, Regeneron Pharmaceuticals, Seagen, and Moderna. ABIVAX Socit Anonyme discovers and optimizes drugs for the treatment of inflammatory diseases, infectious diseases, and ... More
ABIVAX Socit 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 Socit'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 | 0.0662 | |||
| Maximum Drawdown | 30.16 |
ABIVAX Socit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABIVAX Socit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABIVAX Socit's standard deviation. In reality, there are many statistical measures that can use ABIVAX Socit historical prices to predict the future ABIVAX Socit's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.1802 | |||
| Total Risk Alpha | 0.236 | |||
| Treynor Ratio | 0.5137 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ABIVAX Socit'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. Please use the tools below to analyze the current value of ABIVAX Socit in the context of predictive analytics.
ABIVAX Socit Anonyme Backtested Returns
ABIVAX Socit appears to be not too volatile, given 3 months investment horizon. ABIVAX Socit Anonyme secures Sharpe Ratio (or Efficiency) of 0.0672, which signifies that the company had 0.0672% of return per unit of return volatility over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found thirteen technical indicators for ABIVAX Socit Anonyme, which you can use to evaluate the future volatility of the entity. Please makes use of ABIVAX Socit's Standard Deviation of 2.85, mean deviation of 0.6372, and Variance of 8.12 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ABIVAX Socit holds a performance score of 5. The firm shows a Beta (market volatility) of 0.3422, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABIVAX Socit returns are expected to increase less than the market. However, during the bear market, the loss on holding ABIVAX Socit will be expected to be smaller as well. By evaluating ABIVAX Socit Anonyme technical indicators, you can at this time evaluate if the expected return of 0.2% will be sustainable into the future. Please makes use of ABIVAX Socit Anonyme coefficient of variation and maximum drawdown to make a quick decision on whether ABIVAX Socit price patterns will revert.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
ABIVAX Socit Anonyme has near perfect reversele predictability. Overlapping area represents the amount of predictability between ABIVAX Socit time series from 23rd of August 2023 to 7th of September 2023 and 7th of September 2023 to 22nd of September 2023. 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 -9.223372036854776E16 indicates that 9.223372036854776E16% of current ABIVAX Socit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233720.4 B | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
ABIVAX Socit Anonyme lagged returns against current returns
Autocorrelation, which is ABIVAX Socit 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 Socit's pink sheet expected returns. We can calculate the autocorrelation of ABIVAX Socit returns to help us make a trade decision. For example, suppose you find that ABIVAX Socit pink sheet 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ABIVAX Socit 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 Socit pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABIVAX Socit 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 Socit pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ABIVAX Socit Lagged Returns
When evaluating ABIVAX Socit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABIVAX Socit pink sheet have on its future price. ABIVAX Socit 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 Socit autocorrelation shows the relationship between ABIVAX Socit 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 Socit 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 Socit's short interest history, or implied volatility extrapolated from ABIVAX Socit options trading.
Pair Trading with ABIVAX Socit
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 Socit 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 Socit will appreciate offsetting losses from the drop in the long position's value.Moving together with ABIVAX Pink Sheet
| + | 0.65 | NVO | Novo Nordisk AS | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.63 | NONOF | Novo Nordisk AS | PairCorr |
Moving against ABIVAX Pink Sheet
| - | 0.74 | CMXHF | CSL Limited | PairCorr | ||
| - | 0.74 | MRNA | Moderna | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.72 | CSLLY | CSL | PairCorr | ||
| - | 0.7 | VLKAF | Volkswagen AG | PairCorr | ||
| - | 0.68 | VWAGY | Volkswagen AG 110 | PairCorr |
The ability to find closely correlated positions to ABIVAX Socit 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 Socit 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 Socit - 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 Socit is a statistical measure of how it moves in relation to other equities. 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 Socit 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 Socit 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 Socit Correlation, ABIVAX Socit Volatility and ABIVAX Socit Alpha and Beta module to complement your research on ABIVAX Socit. You can also try the Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for ABIVAX Pink Sheet analysis
When running ABIVAX Socit's price analysis, check to measure ABIVAX Socit'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 Socit is operating at the current time. Most of ABIVAX Socit's value examination focuses on studying past and present price action to predict the probability of ABIVAX Socit'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 Socit's price. Additionally, you may evaluate how the addition of ABIVAX Socit to your portfolios can decrease your overall portfolio volatility.
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ABIVAX Socit 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.