Asahi Songwon's market value is the price at which a share of Asahi Songwon trades on a public exchange. It measures the collective expectations of Asahi Songwon Colors investors about its performance. Asahi Songwon is selling at 379.95 as of the 4th of January 2025; that is 2.46 percent decrease since the beginning of the trading day. The stock's open price was 389.55. With this module, you can estimate the performance of a buy and hold strategy of Asahi Songwon Colors and determine expected loss or profit from investing in Asahi Songwon over a given investment horizon. Check out Asahi Songwon Correlation, Asahi Songwon Volatility and Asahi Songwon Alpha and Beta module to complement your research on Asahi Songwon.
Please note, there is a significant difference between Asahi Songwon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asahi Songwon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asahi Songwon'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.
Asahi Songwon '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 Asahi Songwon'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 Asahi Songwon.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in Asahi Songwon on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Asahi Songwon Colors or generate 0.0% return on investment in Asahi Songwon over 60 days. Asahi Songwon is related to or competes with NMDC, Steel Authority, Embassy Office, Jai Balaji, Gujarat Narmada, Gujarat Alkalies, and Indian Metals. Asahi Songwon is entity of India. It is traded as Stock on NSE exchange. More
Asahi Songwon 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 Asahi Songwon'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 Asahi Songwon Colors upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asahi Songwon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asahi Songwon's standard deviation. In reality, there are many statistical measures that can use Asahi Songwon historical prices to predict the future Asahi Songwon's volatility.
Asahi Songwon Colors secures Sharpe Ratio (or Efficiency) of -0.0867, which signifies that the company had a -0.0867% return per unit of standard deviation over the last 3 months. Asahi Songwon Colors exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asahi Songwon's mean deviation of 2.03, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asahi Songwon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asahi Songwon is expected to be smaller as well. At this point, Asahi Songwon Colors has a negative expected return of -0.22%. Please make sure to confirm Asahi Songwon's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Asahi Songwon Colors performance from the past will be repeated at some point in the near future.
Auto-correlation
0.60
Good predictability
Asahi Songwon Colors has good predictability. Overlapping area represents the amount of predictability between Asahi Songwon time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Asahi Songwon Colors price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Asahi Songwon price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.34
Residual Average
0.0
Price Variance
635.96
Asahi Songwon Colors lagged returns against current returns
Autocorrelation, which is Asahi Songwon 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 Asahi Songwon's stock expected returns. We can calculate the autocorrelation of Asahi Songwon returns to help us make a trade decision. For example, suppose you find that Asahi Songwon 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
Asahi Songwon 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 Asahi Songwon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asahi Songwon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asahi Songwon stock over time.
Current vs Lagged Prices
Timeline
Asahi Songwon Lagged Returns
When evaluating Asahi Songwon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asahi Songwon stock have on its future price. Asahi Songwon 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, Asahi Songwon autocorrelation shows the relationship between Asahi Songwon stock current value and its past values and can show if there is a momentum factor associated with investing in Asahi Songwon Colors.
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.
Asahi Songwon financial ratios help investors to determine whether Asahi 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 Asahi with respect to the benefits of owning Asahi Songwon security.