Adverum Stock Market Value

ADVM
 Stock
  

USD 0.62  0.01  1.59%   

Adverum Biotechnologies' market value is the price at which a share of Adverum Biotechnologies stock trades on a public exchange. It measures the collective expectations of Adverum Biotechnologies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Adverum Biotechnologies and determine expected loss or profit from investing in Adverum Biotechnologies over a given investment horizon. Please continue to Adverum Biotechnologies Correlation, Adverum Biotechnologies Volatility and Adverum Biotechnologies Alpha and Beta module to complement your research on Adverum Biotechnologies.
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Is Adverum Biotechnologies' 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 Adverum Biotechnologies. If investors know Adverum 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 Adverum Biotechnologies 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 Adverum Biotechnologies is measured differently than its book value, which is the value of Adverum that is recorded on the company's balance sheet. Investors also form their own opinion of Adverum Biotechnologies' value that differs from its market value or its book value, called intrinsic value, which is Adverum Biotechnologies' 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 Adverum Biotechnologies' market value can be influenced by many factors that don't directly affect Adverum Biotechnologies' 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 Adverum Biotechnologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Adverum Biotechnologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adverum Biotechnologies' 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.

Adverum Biotechnologies '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 Adverum Biotechnologies' 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 Adverum Biotechnologies.
0.00
11/08/2022
No Change 0.00  0.0 
In 31 days
12/08/2022
0.00
If you would invest  0.00  in Adverum Biotechnologies on November 8, 2022 and sell it all today you would earn a total of 0.00 from holding Adverum Biotechnologies or generate 0.0% return on investment in Adverum Biotechnologies over 30 days. Adverum Biotechnologies is related to or competes with Home Depot, SECOM, and Merck. Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, develops gene therapy product candidates to treat ... More

Adverum Biotechnologies 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 Adverum Biotechnologies' 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 Adverum Biotechnologies upside and downside potential and time the market with a certain degree of confidence.

Adverum Biotechnologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Adverum Biotechnologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adverum Biotechnologies' standard deviation. In reality, there are many statistical measures that can use Adverum Biotechnologies historical prices to predict the future Adverum Biotechnologies' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Adverum Biotechnologies' 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 Adverum Biotechnologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.594.56
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Intrinsic
Valuation
LowReal ValueHigh
0.081.535.50
Details
Naive
Forecast
LowNext ValueHigh
0.0122660.614.59
Details
5 Analysts
Consensus
LowTarget PriceHigh
3.004.256.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Adverum Biotechnologies. Your research has to be compared to or analyzed against Adverum Biotechnologies' peers to derive any actionable benefits. When done correctly, Adverum Biotechnologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Adverum Biotechnologies.

Adverum Biotechnologies Backtested Returns

Adverum Biotechnologies secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had -0.22% of return per unit of risk over the last 3 months. Macroaxis 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. Adverum Biotechnologies exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Adverum Biotechnologies mean deviation of 3.18, and Risk Adjusted Performance of (0.26) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.0222, which signifies a somewhat significant risk relative to the market. Let's try to break down what Adverum's beta means in this case. Adverum Biotechnologies returns are very sensitive to returns on the market. As the market goes up or down, Adverum Biotechnologies is expected to follow. Even though it is essential to pay attention to Adverum Biotechnologies 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. Adverum Biotechnologies exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Adverum Biotechnologies has an expected return of -0.87%. Please be advised to confirm Adverum Biotechnologies value at risk, as well as the relationship between the skewness and day median price to decide if Adverum Biotechnologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.22  

Weak predictability

Adverum Biotechnologies has weak predictability. Overlapping area represents the amount of predictability between Adverum Biotechnologies time series from 8th of November 2022 to 23rd of November 2022 and 23rd of November 2022 to 8th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Adverum Biotechnologies price movement. The serial correlation of 0.22 indicates that over 22.0% of current Adverum Biotechnologies price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.0

Adverum Biotechnologies lagged returns against current returns

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

Adverum Biotechnologies Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Adverum Biotechnologies 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 Adverum Biotechnologies

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 Adverum Biotechnologies 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 Adverum Biotechnologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Adverum Biotechnologies

-0.77JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
-0.67PFEPfizer Inc Aggressive PushPairCorr
The ability to find closely correlated positions to Adverum Biotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adverum Biotechnologies 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 Adverum Biotechnologies - 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 Adverum Biotechnologies to buy it.
The correlation of Adverum Biotechnologies 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 Adverum Biotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adverum Biotechnologies 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 Adverum Biotechnologies 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 Adverum Biotechnologies Correlation, Adverum Biotechnologies Volatility and Adverum Biotechnologies Alpha and Beta module to complement your research on Adverum Biotechnologies. You can also try CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for analysis

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