Anavex Beneish M Score

AVXL
 Stock
  

USD 10.32  0.57  5.85%   

This module uses fundamental data of Anavex Lf to approximate the value of its Beneish M Score. Anavex Lf M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Please continue to Anavex Lf Piotroski F Score and Anavex Lf Altman Z Score analysis.
  
At this time, Anavex Lf's M Score is unavailable. The earnings manipulation may begin if Anavex Lf's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Anavex Lf executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Anavex Lf's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unavailable
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense CoverageN/AFocus
Gross Margin StrengsN/AFocus
Accruals FactorN/AFocus
Depreciation ResistanceN/AFocus
Net Sales GrowthN/AFocus
Financial Leverage ConditionN/AFocus

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About Anavex Lf Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Anavex Lf SC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Anavex Lf using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Anavex Lf SC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of central nervous system diseases. Its lead drug candidate is ANAVEX 2-73, which is in Phase III clinical trial for the treatment of Alzheimers disease Phase III clinical trial to treat pediatric patients with Rett syndrome Phase II clinical trial for the treatment of Parkinsons disease and preclinical clinical trials to treat epilepsy, infantile spasms, Fragile X syndrome, Angelman syndrome, multiple sclerosis, and tuberous sclerosis complex. The companys drug candidate also comprises ANAVEX 3-71, which is in Phase I clinical trial for the treatment of frontotemporal dementia and other dementia indications and preclinical clinical trials for the treatment of neurodegenerative diseases, such as Alzheimers and Parkinsons diseases. Its preclinical drug candidates include ANAVEX 1-41, a sigma-1 receptor agonist for the treatment of depression, stroke, Parkinsons, and Alzheimers diseases ANAVEX 1066, a mixed sigma-1sigma-2 ligand for the potential treatment of neuropathic and visceral pain and ANAVEX 1037 to treat prostate and pancreatic cancer. The company was incorporated in 2004 and is headquartered in New York, New York.

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Our tools can tell you how much better you can do entering a position in Anavex Lf without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Anavex Lf

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 Anavex Lf 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 Anavex Lf will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Anavex Lf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anavex Lf 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 Anavex Lf - 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 Anavex Lf SC to buy it.
The correlation of Anavex Lf 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 Anavex Lf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anavex Lf SC 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 Anavex Lf 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
Please continue to Anavex Lf Piotroski F Score and Anavex Lf Altman Z Score analysis. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is Anavex Lf's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Anavex Lf. If investors know Anavex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Anavex Lf listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Anavex Lf SC is measured differently than its book value, which is the value of Anavex that is recorded on the company's balance sheet. Investors also form their own opinion of Anavex Lf's value that differs from its market value or its book value, called intrinsic value, which is Anavex Lf's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Anavex Lf's market value can be influenced by many factors that don't directly affect Anavex Lf's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Anavex Lf's value and its price as these two are different measures arrived at by different means. Investors typically determine Anavex Lf value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anavex Lf'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.