Avalon Advanced Materials Stock Market Value

AVL Stock  CAD 0.08  0.00  0.00%   
Avalon Advanced's market value is the price at which a share of Avalon Advanced trades on a public exchange. It measures the collective expectations of Avalon Advanced Materials investors about its performance. Avalon Advanced is selling at 0.08 as of the 16th of April 2024; that is No Change since the beginning of the trading day. The stock's open price was 0.08.
With this module, you can estimate the performance of a buy and hold strategy of Avalon Advanced Materials and determine expected loss or profit from investing in Avalon Advanced over a given investment horizon. Check out Avalon Advanced Correlation, Avalon Advanced Volatility and Avalon Advanced Alpha and Beta module to complement your research on Avalon Advanced.
Symbol

Avalon Advanced Materials Price To Book Ratio

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

Avalon Advanced '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 Avalon Advanced'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 Avalon Advanced.
0.00
03/17/2024
No Change 0.00  0.0 
In 30 days
04/16/2024
0.00
If you would invest  0.00  in Avalon Advanced on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Avalon Advanced Materials or generate 0.0% return on investment in Avalon Advanced over 30 days. Avalon Advanced is related to or competes with Rio2, Zedcor Energy, TeraGo, Condor Energies, TRX Gold, Excellon Resources, and Moneta Gold. Avalon Advanced Materials Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and... More

Avalon Advanced 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 Avalon Advanced'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 Avalon Advanced Materials upside and downside potential and time the market with a certain degree of confidence.

Avalon Advanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Avalon Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avalon Advanced's standard deviation. In reality, there are many statistical measures that can use Avalon Advanced historical prices to predict the future Avalon Advanced's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avalon Advanced'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
0.000.084.76
Details
Intrinsic
Valuation
LowRealHigh
0.000.074.75
Details
Naive
Forecast
LowNextHigh
00.094.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.070.080.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Avalon Advanced. Your research has to be compared to or analyzed against Avalon Advanced's peers to derive any actionable benefits. When done correctly, Avalon Advanced'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 Avalon Advanced Materials.

Avalon Advanced Materials Backtested Returns

Avalon Advanced Materials secures Sharpe Ratio (or Efficiency) of -0.0529, which signifies that the company had a -0.0529% return per unit of standard deviation over the last 3 months. Avalon Advanced Materials exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avalon Advanced's risk adjusted performance of (0.02), and Mean Deviation of 2.35 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.52, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Avalon Advanced are expected to decrease by larger amounts. On the other hand, during market turmoil, Avalon Advanced is expected to outperform it. Avalon Advanced Materials has an expected return of -0.25%. Please make sure to confirm Avalon Advanced Materials standard deviation, as well as the relationship between the maximum drawdown and kurtosis , to decide if Avalon Advanced Materials performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.41  

Average predictability

Avalon Advanced Materials has average predictability. Overlapping area represents the amount of predictability between Avalon Advanced time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Avalon Advanced Materials price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Avalon Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.0

Avalon Advanced Materials lagged returns against current returns

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

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

Avalon Advanced Lagged Returns

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

Pair Trading with Avalon Advanced

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 Avalon Advanced 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 Avalon Advanced will appreciate offsetting losses from the drop in the long position's value.

Moving against Avalon Stock

  0.73BRK Berkshire Hathaway CDRPairCorr
  0.72AMZN Amazon CDRPairCorr
  0.67MSFT Microsoft Corp CDRPairCorr
  0.66JPM JPMorgan ChasePairCorr
  0.64BOFA Bank of AmericaPairCorr
The ability to find closely correlated positions to Avalon Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avalon Advanced 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 Avalon Advanced - 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 Avalon Advanced Materials to buy it.
The correlation of Avalon Advanced 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 Avalon Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avalon Advanced Materials 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 Avalon Advanced 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
Check out Avalon Advanced Correlation, Avalon Advanced Volatility and Avalon Advanced Alpha and Beta module to complement your research on Avalon Advanced.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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