Advent Wireless Stock Market Value

AWI Stock  CAD 0.80  0.00  0.00%   
Advent Wireless' market value is the price at which a share of Advent Wireless stock trades on a public exchange. It measures the collective expectations of Advent Wireless investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Advent Wireless and determine expected loss or profit from investing in Advent Wireless over a given investment horizon.
Check out Advent Wireless Correlation, Advent Wireless Volatility and Advent Wireless Alpha and Beta module to complement your research on Advent Wireless.
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Please note, there is a significant difference between Advent Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Advent Wireless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advent Wireless' 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.

Advent Wireless '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 Advent Wireless' 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 Advent Wireless.
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02/01/2024
No Change 0.00  0.0 
In 31 days
03/02/2024
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If you would invest  0.00  in Advent Wireless on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Advent Wireless or generate 0.0% return on investment in Advent Wireless over 30 days. Advent Wireless is related to or competes with Martinrea International, Autocanada, Reitmans, Aritzia, and Roots Corp. Advent-AWI Holdings Inc., together with its subsidiaries, sells cellular and wireless products, services, and accessorie... More

Advent Wireless 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 Advent Wireless' 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 Advent Wireless upside and downside potential and time the market with a certain degree of confidence.

Advent Wireless Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Advent Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advent Wireless' standard deviation. In reality, there are many statistical measures that can use Advent Wireless historical prices to predict the future Advent Wireless' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Advent Wireless' 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 Advent Wireless in the context of predictive analytics.
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0.130.801.47
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0.030.661.33
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Advent Wireless. Your research has to be compared to or analyzed against Advent Wireless' peers to derive any actionable benefits. When done correctly, Advent Wireless' 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 Advent Wireless.

Advent Wireless Backtested Returns

We consider Advent Wireless unstable. Advent Wireless secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had 0.13% 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 sixteen technical indicators for Advent Wireless, which you can use to evaluate the future volatility of the firm. Please confirm Advent Wireless' Mean Deviation of 0.1571, standard deviation of 0.6478, and Risk Adjusted Performance of 0.0781 to double-check if the risk estimate we provide is consistent with the expected return of 0.0863%. Advent Wireless has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0558, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Advent Wireless returns are expected to increase less than the market. However, during the bear market, the loss on holding Advent Wireless will be expected to be smaller as well. Although it is important to respect Advent Wireless historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Advent Wireless right now shows a risk of 0.67%. Please confirm Advent Wireless treynor ratio and rate of daily change to decide if Advent Wireless will be following its price patterns.

Auto-correlation

    
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Perfect predictability

Advent Wireless has perfect predictability. Overlapping area represents the amount of predictability between Advent Wireless time series from 1st of February 2024 to 16th of February 2024 and 16th of February 2024 to 2nd of March 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 Advent Wireless price movement. The serial correlation of 1.0 indicates that 100.0% of current Advent Wireless price fluctuation can be explain by its past prices.
Correlation Coefficient1.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Advent Wireless lagged returns against current returns

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

Advent Wireless Lagged Returns

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

Pair Trading with Advent Wireless

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 Advent Wireless 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 Advent Wireless will appreciate offsetting losses from the drop in the long position's value.

Moving against Advent Stock

  0.63FOOD Goodfood Market CorpPairCorr
The ability to find closely correlated positions to Advent Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advent Wireless 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 Advent Wireless - 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 Advent Wireless to buy it.
The correlation of Advent Wireless 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 Advent Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advent Wireless 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 Advent Wireless 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 Advent Wireless Correlation, Advent Wireless Volatility and Advent Wireless Alpha and Beta module to complement your research on Advent Wireless.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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