Avino Silver Gold Stock Market Value
| ASM Stock | CAD 1.01 0.01 0.98% |
| Symbol | Avino |
Avino Silver Gold Price To Book Ratio
Avino Silver '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 Avino Silver'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 Avino Silver.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Avino Silver on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Avino Silver Gold or generate 0.0% return on investment in Avino Silver over 30 days. Avino Silver is related to or competes with Capitan Mining, and NorthIsle Copper. Avino Silver Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement o... More
Avino Silver 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 Avino Silver'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 Avino Silver Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1858 | |||
| Maximum Drawdown | 27.79 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 6.56 |
Avino Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avino Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avino Silver's standard deviation. In reality, there are many statistical measures that can use Avino Silver historical prices to predict the future Avino Silver's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.7227 | |||
| Total Risk Alpha | 0.4102 | |||
| Sortino Ratio | 0.2681 | |||
| Treynor Ratio | 0.8443 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avino Silver'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.
Avino Silver Gold Backtested Returns
Avino Silver appears to be extremely dangerous, given 3 months investment horizon. Avino Silver Gold secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Avino Silver's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of Avino Silver's Downside Deviation of 2.68, mean deviation of 2.54, and Risk Adjusted Performance of 0.1342 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avino Silver holds a performance score of 17. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Avino Silver returns are very sensitive to returns on the market. As the market goes up or down, Avino Silver is expected to follow. Please check Avino Silver's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Avino Silver's price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Avino Silver Gold has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Avino Silver time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Avino Silver Gold price movement. The serial correlation of -0.79 indicates that around 79.0% of current Avino Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avino Silver Gold lagged returns against current returns
Autocorrelation, which is Avino Silver 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 Avino Silver's stock expected returns. We can calculate the autocorrelation of Avino Silver returns to help us make a trade decision. For example, suppose you find that Avino Silver 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 |
Avino Silver 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 Avino Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avino Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avino Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Avino Silver Lagged Returns
When evaluating Avino Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avino Silver stock have on its future price. Avino Silver 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, Avino Silver autocorrelation shows the relationship between Avino Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Avino Silver Gold.
Regressed Prices |
| Timeline |
Pair Trading with Avino Silver
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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Avino Stock
| 0.95 | MNT | Royal Canadian Mint | PairCorr |
| 0.62 | CYB | Cymbria | PairCorr |
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Avino Silver Correlation, Avino Silver Volatility and Avino Silver Alpha and Beta module to complement your research on Avino Silver. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Avino Stock analysis
When running Avino Silver's price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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Avino Silver 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.