Asphere Innovations (Thailand) Market Value
| AS Stock | 3.82 0.12 3.05% |
| Symbol | Asphere |
Asphere Innovations '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 Asphere Innovations' 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 Asphere Innovations.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Asphere Innovations on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Asphere Innovations Public or generate 0.0% return on investment in Asphere Innovations over 30 days. Asphere Innovations is related to or competes with Synnex Public, SVI Public, Interlink Communication, Erawan, Jay Mart, Airports, and Eastern Technical. More
Asphere Innovations 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 Asphere Innovations' 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 Asphere Innovations Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.0221 | |||
| Maximum Drawdown | 30.49 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 6.63 |
Asphere Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asphere Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asphere Innovations' standard deviation. In reality, there are many statistical measures that can use Asphere Innovations historical prices to predict the future Asphere Innovations' volatility.| Risk Adjusted Performance | 0.0423 | |||
| Jensen Alpha | 0.3128 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.0325 | |||
| Treynor Ratio | (0.30) |
Asphere Innovations Backtested Returns
As of now, Asphere Stock is risky. Asphere Innovations secures Sharpe Ratio (or Efficiency) of 0.0223, which signifies that the company had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asphere Innovations Public, which you can use to evaluate the volatility of the firm. Please confirm Asphere Innovations' Risk Adjusted Performance of 0.0423, downside deviation of 3.46, and Mean Deviation of 2.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.0995%. Asphere Innovations has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asphere Innovations are expected to decrease at a much lower rate. During the bear market, Asphere Innovations is likely to outperform the market. Asphere Innovations right now shows a risk of 4.47%. Please confirm Asphere Innovations total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Asphere Innovations will be following its price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Asphere Innovations Public has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Asphere Innovations time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Asphere Innovations price movement. The serial correlation of -0.78 indicates that around 78.0% of current Asphere Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Asphere Innovations lagged returns against current returns
Autocorrelation, which is Asphere Innovations 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 Asphere Innovations' stock expected returns. We can calculate the autocorrelation of Asphere Innovations returns to help us make a trade decision. For example, suppose you find that Asphere Innovations 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 |
Asphere Innovations 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 Asphere Innovations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asphere Innovations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asphere Innovations stock over time.
Current vs Lagged Prices |
| Timeline |
Asphere Innovations Lagged Returns
When evaluating Asphere Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asphere Innovations stock have on its future price. Asphere Innovations 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, Asphere Innovations autocorrelation shows the relationship between Asphere Innovations stock current value and its past values and can show if there is a momentum factor associated with investing in Asphere Innovations Public.
Regressed Prices |
| Timeline |
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Asphere Innovations financial ratios help investors to determine whether Asphere 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 Asphere with respect to the benefits of owning Asphere Innovations security.