Asics Corp Adr Stock Market Value
| ASCCY Stock | USD 20.36 0.74 3.77% |
| Symbol | Asics |
Asics Corp '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 Corp'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 Corp.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Asics Corp on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Asics Corp ADR or generate 0.0% return on investment in Asics Corp over 720 days. Asics Corp is related to or competes with ASICS, American Rebel, Crocs, On Holding, Deckers Outdoor, and Skechers USA. ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia,... More
Asics Corp 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 Corp'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 Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0035 | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.47 |
Asics Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asics Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asics Corp's standard deviation. In reality, there are many statistical measures that can use Asics Corp historical prices to predict the future Asics Corp's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | 0.1662 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asics Corp'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 Corp ADR Backtested Returns
At this stage we consider Asics Pink Sheet to be not too volatile. Asics Corp ADR secures Sharpe Ratio (or Efficiency) of 0.0347, which signifies that the company had a 0.0347% return per unit of risk over the last 3 months. We have found thirty technical indicators for Asics Corp ADR, which you can use to evaluate the volatility of the firm. Please confirm Asics Corp's Mean Deviation of 1.77, downside deviation of 2.28, and Risk Adjusted Performance of 0.0532 to double-check if the risk estimate we provide is consistent with the expected return of 0.0823%. Asics Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asics Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asics Corp is expected to be smaller as well. Asics Corp ADR right now shows a risk of 2.37%. Please confirm Asics Corp ADR potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Asics Corp ADR will be following its price patterns.
Auto-correlation | 0.90 |
Excellent predictability
Asics Corp ADR has excellent predictability. Overlapping area represents the amount of predictability between Asics Corp time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Corp ADR price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Asics Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 17.0 |
Asics Corp ADR lagged returns against current returns
Autocorrelation, which is Asics Corp 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 Corp's pink sheet expected returns. We can calculate the autocorrelation of Asics Corp returns to help us make a trade decision. For example, suppose you find that Asics Corp 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 Corp 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 Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asics Corp 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 Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asics Corp Lagged Returns
When evaluating Asics Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asics Corp pink sheet have on its future price. Asics Corp 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 Corp autocorrelation shows the relationship between Asics Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asics Corp ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Asics Pink Sheet Analysis
When running Asics Corp's price analysis, check to measure Asics Corp'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 Asics Corp is operating at the current time. Most of Asics Corp's value examination focuses on studying past and present price action to predict the probability of Asics Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asics Corp's price. Additionally, you may evaluate how the addition of Asics Corp to your portfolios can decrease your overall portfolio volatility.