Asm Pacific Technology Stock Market Value
| ASMVY Stock | USD 29.60 1.57 5.60% |
| Symbol | Asm |
Asm Pacific '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 Asm Pacific'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 Asm Pacific.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Asm Pacific on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Asm Pacific Technology or generate 0.0% return on investment in Asm Pacific over 60 days. Asm Pacific is related to or competes with Ultra Clean, Amtech Systems, Veeco Instruments, Cohu, Onto Innovation, Ichor Holdings, and Entegris. ASMPT Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and ... More
Asm Pacific 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 Asm Pacific'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 Asm Pacific Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.92 |
Asm Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asm Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asm Pacific's standard deviation. In reality, there are many statistical measures that can use Asm Pacific historical prices to predict the future Asm Pacific's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.5795 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asm Pacific'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.
Asm Pacific Technology Backtested Returns
Asm Pacific Technology secures Sharpe Ratio (or Efficiency) of -0.0726, which signifies that the company had a -0.0726% return per unit of risk over the last 3 months. Asm Pacific Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asm Pacific's Mean Deviation of 1.85, risk adjusted performance of (0.04), and Standard Deviation of 2.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asm Pacific are expected to decrease at a much lower rate. During the bear market, Asm Pacific is likely to outperform the market. At this point, Asm Pacific Technology has a negative expected return of -0.19%. Please make sure to confirm Asm Pacific's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Asm Pacific Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Asm Pacific Technology has very good predictability. Overlapping area represents the amount of predictability between Asm Pacific time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 Asm Pacific Technology price movement. The serial correlation of 0.83 indicates that around 83.0% of current Asm Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 4.01 |
Asm Pacific Technology lagged returns against current returns
Autocorrelation, which is Asm Pacific 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 Asm Pacific's pink sheet expected returns. We can calculate the autocorrelation of Asm Pacific returns to help us make a trade decision. For example, suppose you find that Asm Pacific 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 |
Asm Pacific 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 Asm Pacific pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asm Pacific pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asm Pacific pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asm Pacific Lagged Returns
When evaluating Asm Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asm Pacific pink sheet have on its future price. Asm Pacific 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, Asm Pacific autocorrelation shows the relationship between Asm Pacific pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asm Pacific Technology.
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 Asm Pink Sheet Analysis
When running Asm Pacific's price analysis, check to measure Asm Pacific'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 Asm Pacific is operating at the current time. Most of Asm Pacific's value examination focuses on studying past and present price action to predict the probability of Asm Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asm Pacific's price. Additionally, you may evaluate how the addition of Asm Pacific to your portfolios can decrease your overall portfolio volatility.