ASX Limited's market value is the price at which a share of ASX Limited trades on a public exchange. It measures the collective expectations of ASX Limited ADR investors about its performance. ASX Limited is trading at 40.92 as of the 8th of January 2025; that is 0.66% increase since the beginning of the trading day. The stock's open price was 40.65. With this module, you can estimate the performance of a buy and hold strategy of ASX Limited ADR and determine expected loss or profit from investing in ASX Limited over a given investment horizon. Check out ASX Limited Correlation, ASX Limited Volatility and ASX Limited Alpha and Beta module to complement your research on ASX Limited.
Please note, there is a significant difference between ASX Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASX Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASX Limited'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 Limited '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 Limited'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 Limited.
0.00
02/18/2023
No Change 0.00
0.0
In 1 year 10 months and 21 days
01/08/2025
0.00
If you would invest 0.00 in ASX Limited on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding ASX Limited ADR or generate 0.0% return on investment in ASX Limited over 690 days. ASX Limited is related to or competes with Deutsche Boerse, Japan Exchange, CochLear, Wesfarmers, and Brambles. ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally More
ASX Limited 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 Limited'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 ADR 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 Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASX Limited's standard deviation. In reality, there are many statistical measures that can use ASX Limited historical prices to predict the future ASX Limited's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ASX Limited. Your research has to be compared to or analyzed against ASX Limited's peers to derive any actionable benefits. When done correctly, ASX Limited'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 ADR.
ASX Limited ADR Backtested Returns
ASX Limited ADR secures Sharpe Ratio (or Efficiency) of -0.0708, which signifies that the company had a -0.0708% return per unit of volatility over the last 3 months. ASX Limited ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASX Limited's mean deviation of 1.17, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASX Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASX Limited is expected to be smaller as well. At this point, ASX Limited ADR has a negative expected return of -0.12%. Please make sure to confirm ASX Limited's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if ASX Limited ADR performance from the past will be repeated at future time.
Auto-correlation
-0.26
Weak reverse predictability
ASX Limited ADR has weak reverse predictability. Overlapping area represents the amount of predictability between ASX Limited time series from 18th of February 2023 to 29th of January 2024 and 29th of January 2024 to 8th 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 ADR price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current ASX Limited price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
Spearman Rank Test
-0.23
Residual Average
0.0
Price Variance
2.36
ASX Limited ADR lagged returns against current returns
Autocorrelation, which is ASX Limited 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 Limited's pink sheet expected returns. We can calculate the autocorrelation of ASX Limited returns to help us make a trade decision. For example, suppose you find that ASX Limited 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 Limited 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 Limited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASX Limited 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 Limited pink sheet over time.
Current vs Lagged Prices
Timeline
ASX Limited Lagged Returns
When evaluating ASX Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASX Limited pink sheet have on its future price. ASX Limited 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 Limited autocorrelation shows the relationship between ASX Limited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASX Limited ADR.
Regressed Prices
Timeline
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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.
When running ASX Limited's price analysis, check to measure ASX Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASX Limited is operating at the current time. Most of ASX Limited's value examination focuses on studying past and present price action to predict the probability of ASX Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX Limited's price. Additionally, you may evaluate how the addition of ASX Limited to your portfolios can decrease your overall portfolio volatility.