ASX's market value is the price at which a share of ASX trades on a public exchange. It measures the collective expectations of ASX Limited investors about its performance. ASX is trading at 40.51 as of the 5th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 40.51. With this module, you can estimate the performance of a buy and hold strategy of ASX Limited and determine expected loss or profit from investing in ASX over a given investment horizon. Check out ASX Correlation, ASX Volatility and ASX Alpha and Beta module to complement your research on ASX.
Please note, there is a significant difference between ASX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASX'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.
ASX '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 ASX'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 ASX.
0.00
10/07/2024
No Change 0.00
0.0
In 3 months and 1 day
01/05/2025
0.00
If you would invest 0.00 in ASX on October 7, 2024 and sell it all today you would earn a total of 0.00 from holding ASX Limited or generate 0.0% return on investment in ASX over 90 days. ASX is related to or competes with ASX Limited, Deutsche Brse, London Stock, Singapore Exchange, and Hong Kong. ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally More
ASX 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 ASX'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 ASX Limited 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 ASX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASX's standard deviation. In reality, there are many statistical measures that can use ASX historical prices to predict the future ASX's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ASX. Your research has to be compared to or analyzed against ASX's peers to derive any actionable benefits. When done correctly, ASX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ASX Limited.
ASX Limited Backtested Returns
ASX Limited secures Sharpe Ratio (or Efficiency) of -0.0377, which signifies that the company had a -0.0377% return per unit of volatility over the last 3 months. ASX Limited exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASX's mean deviation of 0.8335, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASX is expected to be smaller as well. At this point, ASX Limited has a negative expected return of -0.0787%. Please make sure to confirm ASX's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and relative strength index , to decide if ASX Limited performance from the past will be repeated at future time.
Auto-correlation
0.19
Very weak predictability
ASX Limited has very weak predictability. Overlapping area represents the amount of predictability between ASX time series from 7th of October 2024 to 21st of November 2024 and 21st of November 2024 to 5th 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 ASX Limited price movement. The serial correlation of 0.19 indicates that over 19.0% of current ASX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
-0.3
Residual Average
0.0
Price Variance
1.38
ASX Limited lagged returns against current returns
Autocorrelation, which is ASX 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 ASX's pink sheet expected returns. We can calculate the autocorrelation of ASX returns to help us make a trade decision. For example, suppose you find that ASX 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
ASX 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 ASX pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASX pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASX pink sheet over time.
Current vs Lagged Prices
Timeline
ASX Lagged Returns
When evaluating ASX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASX pink sheet have on its future price. ASX 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, ASX autocorrelation shows the relationship between ASX pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASX Limited.
ASX financial ratios help investors to determine whether ASX 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 ASX with respect to the benefits of owning ASX security.