ASX (Germany) Market Value
| AUX1 Stock | EUR 40.80 0.20 0.49% |
| Symbol | ASX |
ASX '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 ASX'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 ASX.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in ASX on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding ASX LTD UNSPONSADR or generate 0.0% return on investment in ASX over 30 days. ASX is related to or competes with LONDON STEXUNSPADRS12, SINGAPORE EXUNSPADR15, Superior Plus, Origin Agritech, INTUITIVE SURGICAL, and Intel. ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally More
ASX 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 ASX'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 ASX LTD UNSPONSADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.019 | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.96 |
ASX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASX's standard deviation. In reality, there are many statistical measures that can use ASX historical prices to predict the future ASX's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.0832 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0148 | |||
| Treynor Ratio | 0.3432 |
ASX LTD UNSPONSADR Backtested Returns
At this point, ASX is very steady. ASX LTD UNSPONSADR secures Sharpe Ratio (or Efficiency) of 0.0968, which signifies that the company had a 0.0968% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ASX LTD UNSPONSADR, which you can use to evaluate the volatility of the firm. Please confirm ASX's risk adjusted performance of 0.0784, and Mean Deviation of 0.8939 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. ASX has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASX is expected to be smaller as well. ASX LTD UNSPONSADR currently shows a risk of 1.21%. Please confirm ASX LTD UNSPONSADR maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if ASX LTD UNSPONSADR will be following its price patterns.
Auto-correlation | 0.78 |
Good predictability
ASX LTD UNSPONSADR has good predictability. Overlapping area represents the amount of predictability between ASX time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 ASX LTD UNSPONSADR price movement. The serial correlation of 0.78 indicates that around 78.0% of current ASX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
ASX LTD UNSPONSADR lagged returns against current returns
Autocorrelation, which is ASX 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 ASX's stock expected returns. We can calculate the autocorrelation of ASX returns to help us make a trade decision. For example, suppose you find that ASX 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 |
ASX 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 ASX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASX stock over time.
Current vs Lagged Prices |
| Timeline |
ASX Lagged Returns
When evaluating ASX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASX stock have on its future price. ASX 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, ASX autocorrelation shows the relationship between ASX stock current value and its past values and can show if there is a momentum factor associated with investing in ASX LTD UNSPONSADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASX Stock
ASX financial ratios help investors to determine whether ASX 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 ASX with respect to the benefits of owning ASX security.