Avino Silver Gold Stock Market Value

ASM Stock  CAD 1.01  0.01  0.98%   
Avino Silver's market value is the price at which a share of Avino Silver trades on a public exchange. It measures the collective expectations of Avino Silver Gold investors about its performance. Avino Silver is selling at 1.01 as of the 21st of April 2024; that is -0.98% down since the beginning of the trading day. The stock's open price was 1.02.
With this module, you can estimate the performance of a buy and hold strategy of Avino Silver Gold and determine expected loss or profit from investing in Avino Silver over a given investment horizon. Check out Avino Silver Correlation, Avino Silver Volatility and Avino Silver Alpha and Beta module to complement your research on Avino Silver.
Symbol

Avino Silver Gold Price To Book Ratio

Please note, there is a significant difference between Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avino Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver'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.

Avino Silver '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 Avino Silver'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 Avino Silver.
0.00
03/22/2024
No Change 0.00  0.0 
In 31 days
04/21/2024
0.00
If you would invest  0.00  in Avino Silver on March 22, 2024 and sell it all today you would earn a total of 0.00 from holding Avino Silver Gold or generate 0.0% return on investment in Avino Silver over 30 days. Avino Silver Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement o... More

Avino Silver 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 Avino Silver'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 Avino Silver Gold upside and downside potential and time the market with a certain degree of confidence.

Avino Silver Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Avino Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avino Silver's standard deviation. In reality, there are many statistical measures that can use Avino Silver historical prices to predict the future Avino Silver's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avino Silver'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
0.051.014.91
Details
Intrinsic
Valuation
LowRealHigh
0.050.934.83
Details
Naive
Forecast
LowNextHigh
0.020.934.83
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.030.030.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avino Silver. Your research has to be compared to or analyzed against Avino Silver's peers to derive any actionable benefits. When done correctly, Avino Silver'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 Avino Silver Gold.

Avino Silver Gold Backtested Returns

Avino Silver appears to be extremely dangerous, given 3 months investment horizon. Avino Silver Gold secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Avino Silver's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of Avino Silver's Mean Deviation of 2.52, risk adjusted performance of 0.1371, and Downside Deviation of 2.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avino Silver holds a performance score of 17. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. Avino Silver returns are very sensitive to returns on the market. As the market goes up or down, Avino Silver is expected to follow. Please check Avino Silver's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Avino Silver's price patterns will revert.

Auto-correlation

    
  -0.91  

Near perfect reversele predictability

Avino Silver Gold has near perfect reversele predictability. Overlapping area represents the amount of predictability between Avino Silver time series from 22nd of March 2024 to 6th of April 2024 and 6th of April 2024 to 21st of April 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 Avino Silver Gold price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Avino Silver price fluctuation can be explain by its past prices.
Correlation Coefficient-0.91
Spearman Rank Test-0.93
Residual Average0.0
Price Variance0.0

Avino Silver Gold lagged returns against current returns

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

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

Avino Silver Lagged Returns

When evaluating Avino Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avino Silver stock have on its future price. Avino Silver 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, Avino Silver autocorrelation shows the relationship between Avino Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Avino Silver Gold.
   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 Avino Silver 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, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.

Pair Trading with Avino Silver

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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.

Moving against Avino Stock

  0.87RCI-A Rogers CommunicationsPairCorr
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Avino Silver Gold is a strong investment it is important to analyze Avino Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avino Silver's future performance. For an informed investment choice regarding Avino Stock, refer to the following important reports:
Check out Avino Silver Correlation, Avino Silver Volatility and Avino Silver Alpha and Beta module to complement your research on Avino Silver.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Avino Stock analysis

When running Avino Silver's price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Money Managers
Screen money managers from public funds and ETFs managed around the world
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Avino Silver 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 Avino Silver technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Avino Silver 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...