ASM Pacific (Germany) Market Value
| AY7A Stock | EUR 8.75 0.10 1.13% |
| Symbol | ASM |
ASM Pacific '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 ASM Pacific'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 ASM Pacific.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ASM Pacific on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ASM Pacific Technology or generate 0.0% return on investment in ASM Pacific over 60 days. ASM Pacific is related to or competes with Applied Materials, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of mach... More
ASM Pacific 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 ASM Pacific'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 ASM Pacific Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.11 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 3.96 |
ASM Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASM Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASM Pacific's standard deviation. In reality, there are many statistical measures that can use ASM Pacific historical prices to predict the future ASM Pacific's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.0886 |
ASM Pacific Technology Backtested Returns
ASM Pacific Technology secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of return volatility over the last 3 months. ASM Pacific Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASM Pacific's Coefficient Of Variation of (7,862), mean deviation of 2.15, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ASM Pacific are expected to decrease at a much lower rate. During the bear market, ASM Pacific is likely to outperform the market. At this point, ASM Pacific Technology has a negative expected return of -0.37%. Please make sure to confirm ASM Pacific's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if ASM Pacific Technology performance from the past will be repeated at future time.
Auto-correlation | 0.11 |
Insignificant predictability
ASM Pacific Technology has insignificant predictability. Overlapping area represents the amount of predictability between ASM Pacific 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 ASM Pacific Technology price movement. The serial correlation of 0.11 indicates that less than 11.0% of current ASM Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
ASM Pacific Technology lagged returns against current returns
Autocorrelation, which is ASM Pacific 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 ASM Pacific's stock expected returns. We can calculate the autocorrelation of ASM Pacific returns to help us make a trade decision. For example, suppose you find that ASM Pacific 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 |
ASM Pacific 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 ASM Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASM Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASM Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
ASM Pacific Lagged Returns
When evaluating ASM Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASM Pacific stock have on its future price. ASM Pacific 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, ASM Pacific autocorrelation shows the relationship between ASM Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in ASM Pacific Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASM Stock
ASM Pacific financial ratios help investors to determine whether ASM 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 ASM with respect to the benefits of owning ASM Pacific security.