Ashtead Group Plc Stock Market Value
| ASHTF Stock | USD 81.30 0.91 1.13% |
| Symbol | Ashtead |
Ashtead Group '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 Ashtead Group'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 Ashtead Group.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Ashtead Group on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Ashtead Group plc or generate 0.0% return on investment in Ashtead Group over 30 days. Ashtead Group is related to or competes with Emeco Holdings, Solution Financial, BOC Aviation, Alta Equipment, and Black Diamond. Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental... More
Ashtead Group 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 Ashtead Group'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 Ashtead Group plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.0743 | |||
| Maximum Drawdown | 9.37 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 3.97 |
Ashtead Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashtead Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashtead Group's standard deviation. In reality, there are many statistical measures that can use Ashtead Group historical prices to predict the future Ashtead Group's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.1187 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0877 | |||
| Treynor Ratio | 0.2262 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashtead Group'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.
Ashtead Group plc Backtested Returns
Ashtead Group appears to be very steady, given 3 months investment horizon. Ashtead Group plc secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashtead Group plc, which you can use to evaluate the volatility of the firm. Please makes use of Ashtead Group's risk adjusted performance of 0.1169, and Mean Deviation of 1.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashtead Group holds a performance score of 9. The firm shows a Beta (market volatility) of 1.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ashtead Group will likely underperform. Please check Ashtead Group's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Ashtead Group's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Ashtead Group plc has modest predictability. Overlapping area represents the amount of predictability between Ashtead Group time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Ashtead Group plc price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Ashtead Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Ashtead Group plc lagged returns against current returns
Autocorrelation, which is Ashtead Group 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 Ashtead Group's pink sheet expected returns. We can calculate the autocorrelation of Ashtead Group returns to help us make a trade decision. For example, suppose you find that Ashtead Group 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 |
Ashtead Group 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 Ashtead Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtead Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtead Group pink sheet over time.
Current vs Lagged Prices |
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Ashtead Group Lagged Returns
When evaluating Ashtead Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashtead Group pink sheet have on its future price. Ashtead Group 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, Ashtead Group autocorrelation shows the relationship between Ashtead Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ashtead Group plc.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Ashtead Pink Sheet
Ashtead Group financial ratios help investors to determine whether Ashtead 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 Ashtead with respect to the benefits of owning Ashtead Group security.