Assura PLC (Germany) Market Value
| 75A Stock | 0.45 0.00 0.00% |
| Symbol | Assura |
Assura PLC '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 Assura PLC'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 Assura PLC.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Assura PLC on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Assura PLC or generate 0.0% return on investment in Assura PLC over 30 days. Assura PLC is related to or competes with STRAYER EDUCATION, TAL Education, American Public, CAREER EDUCATION, SBM OFFSHORE, British American, and DEVRY EDUCATION. More
Assura PLC 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 Assura PLC'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 Assura PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.25 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.7 |
Assura PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assura PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assura PLC's standard deviation. In reality, there are many statistical measures that can use Assura PLC historical prices to predict the future Assura PLC's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) |
Assura PLC Backtested Returns
At this point, Assura PLC is out of control. Assura PLC secures Sharpe Ratio (or Efficiency) of 0.0024, which signifies that the company had a 0.0024% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Assura PLC, which you can use to evaluate the volatility of the firm. Please confirm Assura PLC's Downside Deviation of 4.95, mean deviation of 2.34, and Risk Adjusted Performance of 0.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0095%. The firm shows a Beta (market volatility) of -0.025, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Assura PLC are expected to decrease at a much lower rate. During the bear market, Assura PLC is likely to outperform the market. Assura PLC right now shows a risk of 3.96%. Please confirm Assura PLC total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Assura PLC will be following its price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Assura PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Assura PLC time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Assura PLC price movement. The serial correlation of -0.22 indicates that over 22.0% of current Assura PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Assura PLC lagged returns against current returns
Autocorrelation, which is Assura PLC 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 Assura PLC's stock expected returns. We can calculate the autocorrelation of Assura PLC returns to help us make a trade decision. For example, suppose you find that Assura PLC 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 |
Assura PLC 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 Assura PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assura PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assura PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Assura PLC Lagged Returns
When evaluating Assura PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assura PLC stock have on its future price. Assura PLC 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, Assura PLC autocorrelation shows the relationship between Assura PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Assura PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Assura Stock
Assura PLC financial ratios help investors to determine whether Assura 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 Assura with respect to the benefits of owning Assura PLC security.