Ashtead Group (Germany) Market Value

0LC Stock  EUR 51.00  0.50  0.97%   
Ashtead Group's market value is the price at which a share of Ashtead Group trades on a public exchange. It measures the collective expectations of Ashtead Group plc investors about its performance. Ashtead Group is trading at 51.00 as of the 15th of March 2025. This is a 0.97 percent decrease since the beginning of the trading day. The stock's lowest day price was 51.0.
With this module, you can estimate the performance of a buy and hold strategy of Ashtead Group plc and determine expected loss or profit from investing in Ashtead Group over a given investment horizon. Check out Ashtead Group Correlation, Ashtead Group Volatility and Ashtead Group Alpha and Beta module to complement your research on Ashtead Group.
Symbol

Please note, there is a significant difference between Ashtead Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashtead Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashtead Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 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 Ashtead Group.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Ashtead Group on December 15, 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 90 days. Ashtead Group is related to or competes with Electronic Arts, Hana Microelectronics, UNITED UTILITIES, LPKF Laser, STMicroelectronics, Nanjing Panda, and Samsung Electronics. Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment 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 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 Ashtead Group plc upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
48.7751.0053.23
Details
Intrinsic
Valuation
LowRealHigh
44.1846.4156.10
Details

Ashtead Group plc Backtested Returns

Ashtead Group plc secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of standard deviation over the last 3 months. Ashtead Group plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashtead Group's mean deviation of 1.52, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ashtead Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashtead Group is expected to be smaller as well. At this point, Ashtead Group plc has a negative expected return of -0.29%. Please make sure to confirm Ashtead Group's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Ashtead Group plc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.58  

Good reverse predictability

Ashtead Group plc has good reverse predictability. Overlapping area represents the amount of predictability between Ashtead Group time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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-0.45
Residual Average0.0
Price Variance7.31

Ashtead Group plc lagged returns against current returns

Autocorrelation, which is Ashtead Group 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 Ashtead Group's stock 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 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  

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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtead Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtead Group stock over time.
   Current vs Lagged Prices   
       Timeline  

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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Ashtead Group plc.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Ashtead Stock

Ashtead Group financial ratios help investors to determine whether Ashtead 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 Ashtead with respect to the benefits of owning Ashtead Group security.