Ashmore Group Plc Stock Market Value
| AJMPF Stock | USD 2.70 0.00 0.00% |
| Symbol | Ashmore |
Ashmore 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 Ashmore Group'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 Ashmore Group.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Ashmore Group on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Ashmore Group Plc or generate 0.0% return on investment in Ashmore Group over 720 days. Ashmore Group is related to or competes with Nuveen Global, New America, Brookfield Business, Elysee Development, DWS Municipal, Blackrock Munivest, and Eaton Vance. The firm primarily provides its services to retail and institutional clients More
Ashmore 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 Ashmore Group'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 Ashmore Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 23.9 |
Ashmore Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashmore Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashmore Group's standard deviation. In reality, there are many statistical measures that can use Ashmore Group historical prices to predict the future Ashmore Group's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.404 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.87) |
Ashmore Group Plc Backtested Returns
Ashmore Group appears to be very risky, given 3 months investment horizon. Ashmore Group Plc secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for Ashmore Group Plc, which you can use to evaluate the volatility of the firm. Please makes use of Ashmore Group's mean deviation of 0.8929, and Risk Adjusted Performance of 0.0924 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashmore Group holds a performance score of 9. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ashmore Group are expected to decrease at a much lower rate. During the bear market, Ashmore Group is likely to outperform the market. Please check Ashmore Group's mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to make a quick decision on whether Ashmore Group's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Ashmore Group Plc has below average predictability. Overlapping area represents the amount of predictability between Ashmore Group time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Ashmore Group Plc price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Ashmore Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ashmore Group Plc lagged returns against current returns
Autocorrelation, which is Ashmore Group 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 Ashmore Group's pink sheet expected returns. We can calculate the autocorrelation of Ashmore Group returns to help us make a trade decision. For example, suppose you find that Ashmore Group 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 |
Ashmore 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 Ashmore Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashmore Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashmore Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ashmore Group Lagged Returns
When evaluating Ashmore Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashmore Group pink sheet have on its future price. Ashmore 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, Ashmore Group autocorrelation shows the relationship between Ashmore Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ashmore Group Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ashmore Pink Sheet
Ashmore Group financial ratios help investors to determine whether Ashmore 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 Ashmore with respect to the benefits of owning Ashmore Group security.