Avino Stock Market Value

ASM
 Stock
  

USD 0.66  0.03  4.76%   

Avino Silver's market value is the price at which a share of Avino Silver stock trades on a public exchange. It measures the collective expectations of Avino Silver Gold investors about the entity's future performance. 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. Please continue to Avino Silver Hype Analysis, Avino Silver Correlation, Avino Silver Valuation, Avino Silver Volatility, as well as analyze Avino Silver Alpha and Beta and Avino Silver Performance.
Symbol


Is Avino Silver'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 Avino Silver. If investors know Avino 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 Avino Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
76.9 M
Quarterly Revenue Growth YOY
380.03
Return On Assets
0.0508
Return On Equity
0.0613
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver'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 Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver'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 Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine Avino Silver value 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
08/25/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/15/2022
0.00
If you would invest  0.00  in Avino Silver on August 25, 2020 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 720 days. Avino Silver is related to or competes with First Majestic, Fortuna Silver, Alcoa Corp, Aaon, Aluminum Corp, Antelope Enterprise, and Agnico-Eagle Mines. 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, frequently view 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. Please use the tools below to analyze the current value of Avino Silver in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.664.40
Details
Intrinsic
Valuation
LowReal ValueHigh
0.040.884.62
Details
Naive
Forecast
LowNext ValueHigh
0.0127310.644.38
Details
2 Analysts
Consensus
LowTarget PriceHigh
1.251.682.10
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 towards taking a position in Avino Silver Gold.

Avino Silver Gold Backtested Returns

We consider Avino Silver extremely dangerous. Avino Silver Gold secures Sharpe Ratio (or Efficiency) of 0.0055, which signifies that the company had 0.0055% of return per unit of risk 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 twenty-seven technical indicators for Avino Silver Gold, which you can use to evaluate the future volatility of the firm. Please confirm Avino Silver Gold Risk Adjusted Performance of 0.0534, mean deviation of 3.18, and Downside Deviation of 3.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.0205%.
The firm shows a Beta (market volatility) of 1.4909, which signifies a somewhat significant risk relative to the market. Let's try to break down what Avino's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avino Silver will likely underperform. Although it is important to respect Avino Silver Gold historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Avino Silver Gold technical indicators, you can presently evaluate if the expected return of 0.0205% will be sustainable into the future. Avino Silver Gold right now shows a risk of 3.71%. Please confirm Avino Silver Gold total risk alpha and the relationship between the potential upside and day typical price to decide if Avino Silver Gold will be following its price patterns.

Auto-correlation

    
  -0.09  

Very weak reverse predictability

Avino Silver Gold has very weak reverse predictability. Overlapping area represents the amount of predictability between Avino Silver time series from 25th of August 2020 to 20th of August 2021 and 20th of August 2021 to 15th of August 2022. 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 -0.09 indicates that less than 9.0% of current Avino Silver price fluctuation can be explain by its past prices.
Correlation Coefficient-0.09
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.02

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 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   
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       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   
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       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   
Share
       Timeline  

Avino Silver Investors Sentiment

The influence of Avino Silver's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avino. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Avino Silver's public news can be used to forecast risks associated with investment in Avino. The trend in average sentiment can be used to explain how an investor holding Avino can time the market purely based on public headlines and social activities around Avino Silver Gold. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Avino Silver's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avino Silver's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Avino Silver's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Avino Silver.
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 together with Avino Silver

0.65ARCHArch Resources Normal TradingPairCorr

Moving against Avino Silver

0.59TDOCTeladoc Health Normal TradingPairCorr
0.58BPTHBio-Path Holdings Earnings Call  TomorrowPairCorr
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 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 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
Please continue to Avino Silver Hype Analysis, Avino Silver Correlation, Avino Silver Valuation, Avino Silver Volatility, as well as analyze Avino Silver Alpha and Beta and Avino Silver Performance. Note that the Avino Silver Gold information on this page should be used as a complementary analysis to other Avino Silver's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Avino Silver Gold 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 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.
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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...