Asia Broadband Stock Market Value
| AABB Stock | USD 0.02 0 6.67% |
| Symbol | Asia |
Asia Broadband '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 Asia Broadband'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 Asia Broadband.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Asia Broadband on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Broadband or generate 0.0% return on investment in Asia Broadband over 480 days. Asia Broadband is related to or competes with IGO, Mineral Res, and Adriatic Metals. Asia Broadband, Inc., through its subsidiary, Asia Metals Inc., focuses on the production, supply, and sale of precious ... More
Asia Broadband 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 Asia Broadband'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 Asia Broadband upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 29.08 | |||
| Value At Risk | (10.28) | |||
| Potential Upside | 11.11 |
Asia Broadband Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Broadband's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Broadband's standard deviation. In reality, there are many statistical measures that can use Asia Broadband historical prices to predict the future Asia Broadband's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.85) | |||
| Treynor Ratio | 1.77 |
Asia Broadband Backtested Returns
Asia Broadband secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Asia Broadband exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Broadband's Risk Adjusted Performance of (0.11), standard deviation of 5.71, and Mean Deviation of 4.07 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Broadband are expected to decrease at a much lower rate. During the bear market, Asia Broadband is likely to outperform the market. At this point, Asia Broadband has a negative expected return of -0.83%. Please make sure to confirm Asia Broadband's maximum drawdown, accumulation distribution, and the relationship between the total risk alpha and skewness , to decide if Asia Broadband performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Asia Broadband has weak reverse predictability. Overlapping area represents the amount of predictability between Asia Broadband time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Asia Broadband price movement. The serial correlation of -0.24 indicates that over 24.0% of current Asia Broadband price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Broadband lagged returns against current returns
Autocorrelation, which is Asia Broadband 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 Asia Broadband's pink sheet expected returns. We can calculate the autocorrelation of Asia Broadband returns to help us make a trade decision. For example, suppose you find that Asia Broadband 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 |
Asia Broadband 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 Asia Broadband pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Broadband pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Broadband pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asia Broadband Lagged Returns
When evaluating Asia Broadband's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Broadband pink sheet have on its future price. Asia Broadband 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, Asia Broadband autocorrelation shows the relationship between Asia Broadband pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asia Broadband.
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 Asia Pink Sheet
Asia Broadband financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Broadband security.