Advent Wireless Stock Market Value
| AWI Stock | CAD 0.76 0.00 0.00% |
| Symbol | Advent |
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.
| 10/30/2023 |
| 11/29/2023 |
If you would invest 0.00 in Advent Wireless on October 30, 2023 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 Western Copper, BROOKFIELD REINSURANCE, Verizon Communications, Orbit Garant, Firan Technology, and Quisitive Technology. 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.42 |
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (4.83) |
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.
Advent Wireless Backtested Returns
Advent Wireless secures Sharpe Ratio (or Efficiency) of -0.099, which signifies that the company had -0.099% of return per unit of risk over the last 3 months. Our 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. Advent Wireless exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Advent Wireless Mean Deviation of 0.1848, risk adjusted performance of (0.07), and Standard Deviation of 0.7776 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0175, 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. Even though it is essential to pay attention to Advent Wireless 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. Advent Wireless exposes sixteen different technical indicators, which can help you to evaluate its performance. Advent Wireless has an expected return of -0.0794%. Please make sure to confirm Advent Wireless treynor ratio and rate of daily change to decide if Advent Wireless performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Advent Wireless has perfect predictability. Overlapping area represents the amount of predictability between Advent Wireless time series from 30th of October 2023 to 14th of November 2023 and 14th of November 2023 to 29th of November 2023. 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 Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
| Timeline |
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 |
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 Advent Wireless 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, Advent Wireless' short interest history, or implied volatility extrapolated from Advent Wireless options trading.
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
| - | 0.81 | GIL | Gildan Activewear | PairCorr | ||
| - | 0.8 | PBL | Pollard Banknote | PairCorr | ||
| - | 0.78 | QSR | Restaurant Brands | PairCorr | ||
| - | 0.78 | GH | Gamehost | PairCorr | ||
| - | 0.76 | PKI | Parkland Fuel | PairCorr |
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.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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Advent Stock analysis
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.