Asics Stock Market Value
| ASCCF Stock | USD 15.30 0.00 0.00% |
| Symbol | ASICS |
ASICS '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 ASICS's pink sheet 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 ASICS.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ASICS on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ASICS or generate 0.0% return on investment in ASICS over 540 days. ASICS is related to or competes with Asics Corp, American Rebel, Crocs, On Holding, Deckers Outdoor, Skechers USA, and Steven Madden. ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia,... More
ASICS 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 ASICS's pink sheet 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 ASICS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 24.99 |
ASICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASICS's standard deviation. In reality, there are many statistical measures that can use ASICS historical prices to predict the future ASICS's volatility.| Risk Adjusted Performance | 0.0089 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASICS'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.
ASICS Backtested Returns
At this point, ASICS is not too volatile. ASICS secures Sharpe Ratio (or Efficiency) of 0.0023, which signifies that the company had a 0.0023% return per unit of return volatility over the last 3 months. We have found sixteen technical indicators for ASICS, which you can use to evaluate the volatility of the firm. Please confirm ASICS's Mean Deviation of 0.7816, coefficient of variation of 45419.9, and Risk Adjusted Performance of 0.0089 to double-check if the risk estimate we provide is consistent with the expected return of 0.0064%. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASICS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASICS is expected to be smaller as well. ASICS now shows a risk of 2.86%. Please confirm ASICS information ratio, as well as the relationship between the skewness and day median price , to decide if ASICS will be following its price patterns.
Auto-correlation | 0.29 |
Poor predictability
ASICS has poor predictability. Overlapping area represents the amount of predictability between ASICS time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 ASICS price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current ASICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 329.73 |
ASICS lagged returns against current returns
Autocorrelation, which is ASICS pink sheet'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 ASICS's pink sheet expected returns. We can calculate the autocorrelation of ASICS returns to help us make a trade decision. For example, suppose you find that ASICS has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ASICS 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 ASICS pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASICS pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASICS pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ASICS Lagged Returns
When evaluating ASICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASICS pink sheet have on its future price. ASICS 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, ASICS autocorrelation shows the relationship between ASICS pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASICS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASICS Pink Sheet
ASICS financial ratios help investors to determine whether ASICS Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ASICS with respect to the benefits of owning ASICS security.