Advantis Stock Market Value
| ADVT Stock | USD 0.0001 0.00 0.00% |
| Symbol | Advantis |
Is Advantis Corp'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 Advantis Corp. If investors know Advantis 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 Advantis Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Advantis Corp is measured differently than its book value, which is the value of Advantis that is recorded on the company's balance sheet. Investors also form their own opinion of Advantis Corp's value that differs from its market value or its book value, called intrinsic value, which is Advantis Corp'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 Advantis Corp's market value can be influenced by many factors that don't directly affect Advantis Corp'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 Advantis Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advantis Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advantis Corp'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.
Advantis Corp '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 Advantis Corp'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 Advantis Corp.
| 08/24/2023 |
| 09/23/2023 |
If you would invest 0.00 in Advantis Corp on August 24, 2023 and sell it all today you would earn a total of 0.00 from holding Advantis Corp or generate 0.0% return on investment in Advantis Corp over 30 days. Advantis Corp is related to or competes with Guardion Health, FSD Pharma, Lantheus Holdings, Neptune Wellness, PetIQ, Rockwell Medical, and China SXT. Advantis Corp. develops and markets products focusing on medical cannabis, research, and pharmaceutical sectors More
Advantis Corp 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 Advantis Corp'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 Advantis Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 50.0 |
Advantis Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advantis Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advantis Corp's standard deviation. In reality, there are many statistical measures that can use Advantis Corp historical prices to predict the future Advantis Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.4125 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Advantis Corp'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 Advantis Corp in the context of predictive analytics.
Advantis Corp Backtested Returns
Advantis Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had -0.13% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Advantis Corp exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Advantis Corp Mean Deviation of 1.49, risk adjusted performance of (0.07), and Standard Deviation of 6.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.8608, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Advantis Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Advantis Corp is expected to outperform it. Even though it is essential to pay attention to Advantis Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Advantis Corp exposes thirteen different technical indicators, which can help you to evaluate its performance. Advantis Corp has an expected return of -0.79%. Please make sure to confirm Advantis Corp market risk adjusted performance and treynor ratio to decide if Advantis Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Advantis Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Advantis Corp time series from 24th of August 2023 to 8th of September 2023 and 8th of September 2023 to 23rd 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 Advantis Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Advantis Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advantis Corp lagged returns against current returns
Autocorrelation, which is Advantis Corp 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 Advantis Corp's stock expected returns. We can calculate the autocorrelation of Advantis Corp returns to help us make a trade decision. For example, suppose you find that Advantis Corp stock 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 |
Advantis Corp 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 Advantis Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advantis Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advantis Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Advantis Corp Lagged Returns
When evaluating Advantis Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advantis Corp stock have on its future price. Advantis Corp 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, Advantis Corp autocorrelation shows the relationship between Advantis Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Advantis Corp.
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 Advantis Corp 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, Advantis Corp's short interest history, or implied volatility extrapolated from Advantis Corp options trading.
Pair Trading with Advantis Corp
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 Advantis Corp 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 Advantis Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Advantis Stock
| - | 0.76 | GHSI | Guardion Health Sciences | Downward Rally | PairCorr | |
| - | 0.64 | VASO | Vaso Corp | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.45 | PETQ | PetIQ Inc | Fiscal Quarter End 30th of September 2023 | PairCorr |
The ability to find closely correlated positions to Advantis Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantis Corp 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 Advantis Corp - 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 Advantis Corp to buy it.
The correlation of Advantis Corp 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 Advantis Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantis Corp 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 Advantis Corp 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 Advantis Corp Correlation, Advantis Corp Volatility and Advantis Corp Alpha and Beta module to complement your research on Advantis Corp. For more information on how to buy Advantis Stock please use our How to Invest in Advantis Corp guide. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Advantis Stock analysis
When running Advantis Corp's price analysis, check to measure Advantis Corp'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 Advantis Corp is operating at the current time. Most of Advantis Corp's value examination focuses on studying past and present price action to predict the probability of Advantis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advantis Corp's price. Additionally, you may evaluate how the addition of Advantis Corp to your portfolios can decrease your overall portfolio volatility.
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Advantis Corp 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.