Aberforth Smaller (UK) Market Value
| ASL Stock | 1,496 2.00 0.13% |
| Symbol | Aberforth |
Aberforth Smaller '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 Aberforth Smaller's 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 Aberforth Smaller.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Aberforth Smaller on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Aberforth Smaller Companies or generate 0.0% return on investment in Aberforth Smaller over 360 days. Aberforth Smaller is related to or competes with G5 Entertainment, Live Nation, DFS Furniture, Prosiebensat, Bloomsbury Publishing, American Homes, and Synthomer Plc. Aberforth Smaller is entity of United Kingdom More
Aberforth Smaller 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 Aberforth Smaller's 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 Aberforth Smaller Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.3 |
Aberforth Smaller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberforth Smaller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberforth Smaller's standard deviation. In reality, there are many statistical measures that can use Aberforth Smaller historical prices to predict the future Aberforth Smaller's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 5.18 |
Aberforth Smaller Backtested Returns
Aberforth Smaller secures Sharpe Ratio (or Efficiency) of -0.0747, which signifies that the company had a -0.0747% return per unit of standard deviation over the last 3 months. Aberforth Smaller Companies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aberforth Smaller's risk adjusted performance of (0.02), and Mean Deviation of 0.8627 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0094, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aberforth Smaller are expected to decrease at a much lower rate. During the bear market, Aberforth Smaller is likely to outperform the market. At this point, Aberforth Smaller has a negative expected return of -0.0762%. Please make sure to confirm Aberforth Smaller's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if Aberforth Smaller performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Aberforth Smaller Companies has excellent reverse predictability. Overlapping area represents the amount of predictability between Aberforth Smaller time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Aberforth Smaller price movement. The serial correlation of -0.85 indicates that around 85.0% of current Aberforth Smaller price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 4043.58 |
Aberforth Smaller lagged returns against current returns
Autocorrelation, which is Aberforth Smaller 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 Aberforth Smaller's stock expected returns. We can calculate the autocorrelation of Aberforth Smaller returns to help us make a trade decision. For example, suppose you find that Aberforth Smaller 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aberforth Smaller 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 Aberforth Smaller stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberforth Smaller stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberforth Smaller stock over time.
Current vs Lagged Prices |
| Timeline |
Aberforth Smaller Lagged Returns
When evaluating Aberforth Smaller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberforth Smaller stock have on its future price. Aberforth Smaller 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, Aberforth Smaller autocorrelation shows the relationship between Aberforth Smaller stock current value and its past values and can show if there is a momentum factor associated with investing in Aberforth Smaller Companies.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Aberforth Stock
Aberforth Smaller financial ratios help investors to determine whether Aberforth Stock 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 Aberforth with respect to the benefits of owning Aberforth Smaller security.