AVITA MED (Australia) Market Value

AVH -  Australia Stock  

AUD 5.11  0.08  1.59%

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

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

AVITA MED '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 AVITA MED'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 AVITA MED.
0.00
06/29/2021
No Change 0.00  0.0 
In 31 days
07/29/2021
0.00
If you would invest  0.00  in AVITA MED on June 29, 2021 and sell it all today you would earn a total of 0.00 from holding AVITA MED CDI or generate 0.0% return on investment in AVITA MED over 30 days. AVITA MED is related to or competes with Fortescue Metals, Lynas Rare, and BETAYIELD TMF. AVITA Medical Inc. operates as a commercial-stage regenerative tissue company in the United States, Australia, and the U...

AVITA MED 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 AVITA MED'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 AVITA MED CDI upside and downside potential and time the market with a certain degree of confidence.

AVITA MED Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AVITA MED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVITA MED's standard deviation. In reality, there are many statistical measures that can use AVITA MED historical prices to predict the future AVITA MED's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AVITA MED'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 AVITA MED in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1.055.119.17
Details
Intrinsic
Valuation
LowReal ValueHigh
0.794.858.91
Details
Naive
Forecast
LowNext ValueHigh
1.155.219.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.305.045.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AVITA MED. Your research has to be compared to or analyzed against AVITA MED's peers to derive any actionable benefits. When done correctly, AVITA MED'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 AVITA MED CDI.

AVITA MED CDI Backtested Returns

AVITA MED CDI secures Sharpe Ratio (or Efficiency) of -0.0033, which signifies that the company had -0.0033% of return per unit of return volatility over the last 3 months. Macroaxis approach to 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. AVITA MED CDI exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm AVITA MED CDI mean deviation of 2.58, and Risk Adjusted Performance of 6.0E-4 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. Let's try to break down what AVITA's beta means in this case. As returns on the market increase, AVITA MED returns are expected to increase less than the market. However, during the bear market, the loss on holding AVITA MED will be expected to be smaller as well. Even though it is essential to pay attention to AVITA MED CDI historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach to 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. AVITA MED CDI exposes twenty-one different technical indicators, which can help you to evaluate its performance. AVITA MED CDI has an expected return of -0.0134%. Please be advised to confirm AVITA MED CDI downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if AVITA MED CDI performance from the past will be repeated in the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.05)   

Very weak reverse predictability

AVITA MED CDI has very weak reverse predictability. Overlapping area represents the amount of predictability between AVITA MED time series from 29th of June 2021 to 14th of July 2021 and 14th of July 2021 to 29th of July 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 AVITA MED CDI price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current AVITA MED price fluctuation can be explain by its past prices. Given that AVITA MED CDI has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of AVITA MED for similar time interval.
Correlation Coefficient-0.05
Spearman Rank Test-0.47
Residual Average0.0
Price Variance0.01

AVITA MED CDI lagged returns against current returns

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

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

AVITA MED Lagged Returns

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

AVITA MED Investors Sentiment

The influence of AVITA MED'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 AVITA. 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 - AVH

AVITA MED CDI Investor Sentiment

Most of Macroaxis users are presently bullish on AVITA MED CDI. What is your sentiment towards investing in AVITA MED CDI? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with AVITA MED

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 AVITA MED 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 AVITA MED will appreciate offsetting losses from the drop in the long position's value.

AVITA MED Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for AVITA MED and Fortescue Metals. 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 AVITA MED Hype Analysis, AVITA MED Correlation, AVITA MED Valuation, AVITA MED Volatility, as well as analyze AVITA MED Alpha and Beta and AVITA MED Performance. Note that the AVITA MED CDI information on this page should be used as a complementary analysis to other AVITA MED'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running AVITA MED CDI price analysis, check to measure AVITA MED'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 AVITA MED is operating at the current time. Most of AVITA MED's value examination focuses on studying past and present price action to predict the probability of AVITA MED's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AVITA MED's price. Additionally, you may evaluate how the addition of AVITA MED to your portfolios can decrease your overall portfolio volatility.
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AVITA MED 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 AVITA MED technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AVITA MED 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...