ASGN Incorporated (Germany) Market Value
| OA2 Stock | EUR 80.00 1.50 1.84% |
| Symbol | ASGN |
ASGN Incorporated '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 ASGN Incorporated'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 ASGN Incorporated.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in ASGN Incorporated on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding ASGN Incorporated or generate 0.0% return on investment in ASGN Incorporated over 720 days. ASGN Incorporated is related to or competes with Insperity, ManpowerGroup, Korn Ferry, Hays Plc, PageGroup Plc, and Kforce. ASGN Incorporated provides information technology and professional staffing services in the technology, digital, creativ... More
ASGN Incorporated 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 ASGN Incorporated'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 ASGN Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.7 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 2.4 |
ASGN Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASGN Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASGN Incorporated's standard deviation. In reality, there are many statistical measures that can use ASGN Incorporated historical prices to predict the future ASGN Incorporated's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.04) |
ASGN Incorporated Backtested Returns
ASGN Incorporated secures Sharpe Ratio (or Efficiency) of -0.0245, which signifies that the company had a -0.0245% return per unit of risk over the last 3 months. ASGN Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASGN Incorporated's Risk Adjusted Performance of (0.01), standard deviation of 2.18, and Mean Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.7, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ASGN Incorporated will likely underperform. At this point, ASGN Incorporated has a negative expected return of -0.0534%. Please make sure to confirm ASGN Incorporated's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if ASGN Incorporated performance from the past will be repeated in the future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
ASGN Incorporated has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASGN Incorporated time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 ASGN Incorporated price movement. The serial correlation of -0.15 indicates that less than 15.0% of current ASGN Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 19.51 |
ASGN Incorporated lagged returns against current returns
Autocorrelation, which is ASGN Incorporated 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 ASGN Incorporated's stock expected returns. We can calculate the autocorrelation of ASGN Incorporated returns to help us make a trade decision. For example, suppose you find that ASGN Incorporated 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 |
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ASGN Incorporated 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 ASGN Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASGN Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASGN Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
ASGN Incorporated Lagged Returns
When evaluating ASGN Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASGN Incorporated stock have on its future price. ASGN Incorporated 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, ASGN Incorporated autocorrelation shows the relationship between ASGN Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in ASGN Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASGN Stock
ASGN Incorporated financial ratios help investors to determine whether ASGN 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 ASGN with respect to the benefits of owning ASGN Incorporated security.