Avidus OTC Stock Market Value

ASNHF -  USA Stock  

USD 0.0011  0.00005  4.35%

Avidus Management's market value is the price at which a share of Avidus Management stock trades on a public exchange. It measures the collective expectations of Avidus Management Group investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Avidus Management Group and determine expected loss or profit from investing in Avidus Management over a given investment horizon. Please continue to Avidus Management Hype Analysis, Avidus Management Correlation, Avidus Management Valuation, Avidus Management Volatility, as well as analyze Avidus Management Alpha and Beta and Avidus Management Performance.
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Backtest


The market value of Avidus Management is measured differently than its book value, which is the value of Avidus that is recorded on the company's balance sheet. Investors also form their own opinion of Avidus Management's value that differs from its market value or its book value, called intrinsic value, which is Avidus Management'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 Avidus Management's market value can be influenced by many factors that don't directly affect Avidus Management underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avidus Management's value and its price as these two are different measures arrived at by different means. Investors typically determine Avidus Management value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avidus Management'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.

Avidus Management '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 Avidus Management's otc 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 Avidus Management.
0.00
08/26/2021
No Change 0.00  0.0 
In 31 days
09/25/2021
0.00
If you would invest  0.00  in Avidus Management on August 26, 2021 and sell it all today you would earn a total of 0.00 from holding Avidus Management Group or generate 0.0% return on investment in Avidus Management over 30 days. Avidus Management is related to or competes with Vertex Pharmaceutic, Alnylam Pharmaceuticals, Regeneron Pharmaceuticals, Seagen, and Beigene. Avidus Management Group Inc. develops, acquires, and operates direct sales and network marketing companies in the consum...

Avidus Management 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 Avidus Management's otc 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 Avidus Management Group upside and downside potential and time the market with a certain degree of confidence.

Avidus Management Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Avidus Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avidus Management's standard deviation. In reality, there are many statistical measures that can use Avidus Management historical prices to predict the future Avidus Management's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Avidus Management'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 Avidus Management in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.0013636.68
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Intrinsic
Valuation
LowReal ValueHigh
0.000.0010566.68
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Naive
Forecast
LowNext ValueHigh
0.0000220.0011226.68
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.000932220.0012960.00166
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avidus Management. Your research has to be compared to or analyzed against Avidus Management's peers to derive any actionable benefits. When done correctly, Avidus Management'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 Avidus Management.

Avidus Management Backtested Returns

Avidus Management secures Sharpe Ratio (or Efficiency) of -0.0048, which signifies that the company had -0.0048% of return per unit of risk over the last 3 months. Macroaxis 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. Avidus Management Group exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Avidus Management risk adjusted performance of (0.037408), and Mean Deviation of 3.6 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.0568, which signifies not very significant fluctuations relative to the market. Let's try to break down what Avidus's beta means in this case. As returns on the market increase, returns on owning Avidus Management are expected to decrease at a much lower rate. During the bear market, Avidus Management is likely to outperform the market. Even though it is essential to pay attention to Avidus Management 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. Avidus Management Group exposes twenty-one different technical indicators, which can help you to evaluate its performance. Avidus Management has an expected return of -0.0319%. Please be advised to confirm Avidus Management variance, as well as the relationship between the maximum drawdown and semi variance to decide if Avidus Management performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.27   

Poor predictability

Avidus Management Group has poor predictability. Overlapping area represents the amount of predictability between Avidus Management time series from 26th of August 2021 to 10th of September 2021 and 10th of September 2021 to 25th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Avidus Management price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Avidus Management price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test-0.36
Residual Average0.0
Price Variance0.0

Avidus Management lagged returns against current returns

Autocorrelation, which is Avidus Management otc 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 Avidus Management's otc stock expected returns. We can calculate the autocorrelation of Avidus Management returns to help us make a trade decision. For example, suppose you find that Avidus Management otc 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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Avidus Management 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 Avidus Management otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avidus Management otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avidus Management otc stock over time.
 Current vs Lagged Prices 
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Avidus Management Lagged Returns

When evaluating Avidus Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avidus Management otc stock have on its future price. Avidus Management 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, Avidus Management autocorrelation shows the relationship between Avidus Management otc stock current value and its past values and can show if there is a momentum factor associated with investing in Avidus Management Group.
 Regressed Prices 
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      Timeline 

Avidus Management Investors Sentiment

The influence of Avidus Management'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 Avidus. 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.

Current Sentiment - ASNHF

Avidus Management Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Avidus Management Group. What is your sentiment towards investing in Avidus Management Group? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Pair Trading with Avidus Management

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 Avidus Management 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 Avidus Management will appreciate offsetting losses from the drop in the long position's value.

Avidus Management Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Avidus Management and Vertex Pharmaceutic. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Avidus Management Hype Analysis, Avidus Management Correlation, Avidus Management Valuation, Avidus Management Volatility, as well as analyze Avidus Management Alpha and Beta and Avidus Management Performance. Note that the Avidus Management information on this page should be used as a complementary analysis to other Avidus Management'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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Avidus Management technical otc 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 Avidus Management technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Avidus Management 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...