Assystem (France) Market Value
| ASY Stock | EUR 38.00 0.50 1.33% |
| Symbol | Assystem |
Assystem '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 Assystem'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 Assystem.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Assystem on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Assystem SA or generate 0.0% return on investment in Assystem over 360 days. Assystem is related to or competes with Alten SA, Bnteau SA, Derichebourg, Neurones, and Aubay Socit. Assystem S.A. operates as an infrastructure engineering and consultancy company worldwide More
Assystem 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 Assystem'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 Assystem SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.31 |
Assystem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assystem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assystem's standard deviation. In reality, there are many statistical measures that can use Assystem historical prices to predict the future Assystem's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.40) |
Assystem SA Backtested Returns
Assystem SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Assystem SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Assystem's Standard Deviation of 2.81, risk adjusted performance of (0.10), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Assystem returns are very sensitive to returns on the market. As the market goes up or down, Assystem is expected to follow. At this point, Assystem SA has a negative expected return of -0.4%. Please make sure to confirm Assystem's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Assystem SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Assystem SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Assystem time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Assystem SA price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Assystem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 33.42 |
Assystem SA lagged returns against current returns
Autocorrelation, which is Assystem 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 Assystem's stock expected returns. We can calculate the autocorrelation of Assystem returns to help us make a trade decision. For example, suppose you find that Assystem 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 |
Assystem 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 Assystem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assystem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assystem stock over time.
Current vs Lagged Prices |
| Timeline |
Assystem Lagged Returns
When evaluating Assystem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assystem stock have on its future price. Assystem 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, Assystem autocorrelation shows the relationship between Assystem stock current value and its past values and can show if there is a momentum factor associated with investing in Assystem SA.
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.Other Information on Investing in Assystem Stock
Assystem financial ratios help investors to determine whether Assystem 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 Assystem with respect to the benefits of owning Assystem security.