Ashtead Technology (UK) Market Value
| AT Stock | 522.00 13.00 2.55% |
| Symbol | Ashtead |
Ashtead Technology '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 Ashtead Technology'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 Ashtead Technology.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ashtead Technology on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ashtead Technology Holdings or generate 0.0% return on investment in Ashtead Technology over 90 days. Ashtead Technology is related to or competes with Bet At, Charter Communications, Southwest Airlines, Cairn Homes, Synthomer Plc, Gamma Communications, and Fortune Brands. Ashtead Technology is entity of United Kingdom More
Ashtead Technology 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 Ashtead Technology'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 Ashtead Technology Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0384 | |||
| Maximum Drawdown | 19.84 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.68 |
Ashtead Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashtead Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashtead Technology's standard deviation. In reality, there are many statistical measures that can use Ashtead Technology historical prices to predict the future Ashtead Technology's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | 0.3554 | |||
| Sortino Ratio | 0.0438 | |||
| Treynor Ratio | (0.000095) |
Ashtead Technology Backtested Returns
At this point, Ashtead Technology is very steady. Ashtead Technology secures Sharpe Ratio (or Efficiency) of 0.0223, which signifies that the company had a 0.0223 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashtead Technology Holdings, which you can use to evaluate the volatility of the firm. Please confirm Ashtead Technology's mean deviation of 1.93, and Risk Adjusted Performance of 0.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0645%. Ashtead Technology has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Ashtead Technology returns are very sensitive to returns on the market. As the market goes up or down, Ashtead Technology is expected to follow. Ashtead Technology right now shows a risk of 2.89%. Please confirm Ashtead Technology value at risk, and the relationship between the jensen alpha and skewness , to decide if Ashtead Technology will be following its price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Ashtead Technology Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Ashtead Technology time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Ashtead Technology price movement. The serial correlation of -0.48 indicates that about 48.0% of current Ashtead Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 429.22 |
Ashtead Technology lagged returns against current returns
Autocorrelation, which is Ashtead Technology 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 Ashtead Technology's stock expected returns. We can calculate the autocorrelation of Ashtead Technology returns to help us make a trade decision. For example, suppose you find that Ashtead Technology 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 |
Ashtead Technology 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 Ashtead Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtead Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtead Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ashtead Technology Lagged Returns
When evaluating Ashtead Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashtead Technology stock have on its future price. Ashtead Technology 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, Ashtead Technology autocorrelation shows the relationship between Ashtead Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ashtead Technology Holdings.
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.Other Information on Investing in Ashtead Stock
Ashtead Technology financial ratios help investors to determine whether Ashtead 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 Ashtead with respect to the benefits of owning Ashtead Technology security.