American Shipping (Germany) Market Value
| X5A Stock | EUR 2.25 0.01 0.44% |
| Symbol | American |
American Shipping '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 American Shipping'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 American Shipping.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in American Shipping on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding American Shipping or generate 0.0% return on investment in American Shipping over 30 days. American Shipping is related to or competes with FRACTAL GAMING, Sunstone Hotel, FUTURE GAMING, Games Workshop, HYATT HOTELS, HOCHSCHILD MINING, and Penn National. American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the Unit... More
American Shipping 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 American Shipping'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 American Shipping upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.1216 | |||
| Maximum Drawdown | 35.25 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.02 |
American Shipping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Shipping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Shipping's standard deviation. In reality, there are many statistical measures that can use American Shipping historical prices to predict the future American Shipping's volatility.| Risk Adjusted Performance | 0.1109 | |||
| Jensen Alpha | 0.5536 | |||
| Total Risk Alpha | 0.4863 | |||
| Sortino Ratio | 0.3029 | |||
| Treynor Ratio | 16.44 |
American Shipping Backtested Returns
American Shipping appears to be very risky, given 3 months investment horizon. American Shipping secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing American Shipping's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of American Shipping's mean deviation of 1.94, and Risk Adjusted Performance of 0.1109 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, American Shipping holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0337, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Shipping's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Shipping is expected to be smaller as well. Please check American Shipping's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether American Shipping's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
American Shipping has modest reverse predictability. Overlapping area represents the amount of predictability between American Shipping time series from 5th of December 2024 to 20th of December 2024 and 20th 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 American Shipping price movement. The serial correlation of -0.48 indicates that about 48.0% of current American Shipping price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Shipping lagged returns against current returns
Autocorrelation, which is American Shipping 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 American Shipping's stock expected returns. We can calculate the autocorrelation of American Shipping returns to help us make a trade decision. For example, suppose you find that American Shipping 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 |
American Shipping 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 American Shipping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Shipping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Shipping stock over time.
Current vs Lagged Prices |
| Timeline |
American Shipping Lagged Returns
When evaluating American Shipping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Shipping stock have on its future price. American Shipping 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, American Shipping autocorrelation shows the relationship between American Shipping stock current value and its past values and can show if there is a momentum factor associated with investing in American Shipping.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in American Stock
American Shipping financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Shipping security.