Aspocomp Group (Finland) Market Value
| ACG1V Stock | EUR 2.72 0.02 0.73% |
| Symbol | Aspocomp |
Aspocomp Group '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 Aspocomp Group'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 Aspocomp Group.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Aspocomp Group on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aspocomp Group Oyj or generate 0.0% return on investment in Aspocomp Group over 30 days. Aspocomp Group is related to or competes with Digia Oyj, Bittium Oyj, CapMan Oyj, Honkarakenne Oyj, and Scanfil Oyj. Aspocomp Group Oyj manufactures and sells printed circuit boards in Finland, rest of Europe, Asia, and internationally More
Aspocomp Group 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 Aspocomp Group'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 Aspocomp Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 3.7 |
Aspocomp Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspocomp Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspocomp Group's standard deviation. In reality, there are many statistical measures that can use Aspocomp Group historical prices to predict the future Aspocomp Group's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aspocomp Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aspocomp Group Oyj Backtested Returns
Aspocomp Group Oyj secures Sharpe Ratio (or Efficiency) of -0.0146, which signifies that the company had a -0.0146% return per unit of risk over the last 3 months. Aspocomp Group Oyj exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aspocomp Group's Risk Adjusted Performance of 0.008, downside deviation of 2.69, and Mean Deviation of 2.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aspocomp Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aspocomp Group is expected to be smaller as well. At this point, Aspocomp Group Oyj has a negative expected return of -0.0422%. Please make sure to confirm Aspocomp Group's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Aspocomp Group Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Aspocomp Group Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between Aspocomp Group time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Aspocomp Group Oyj price movement. The serial correlation of -0.46 indicates that about 46.0% of current Aspocomp Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aspocomp Group Oyj lagged returns against current returns
Autocorrelation, which is Aspocomp Group 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 Aspocomp Group's stock expected returns. We can calculate the autocorrelation of Aspocomp Group returns to help us make a trade decision. For example, suppose you find that Aspocomp Group 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 |
Aspocomp Group 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 Aspocomp Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspocomp Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspocomp Group stock over time.
Current vs Lagged Prices |
| Timeline |
Aspocomp Group Lagged Returns
When evaluating Aspocomp Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspocomp Group stock have on its future price. Aspocomp Group 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, Aspocomp Group autocorrelation shows the relationship between Aspocomp Group stock current value and its past values and can show if there is a momentum factor associated with investing in Aspocomp Group Oyj.
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 Aspocomp Stock
Aspocomp Group financial ratios help investors to determine whether Aspocomp 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 Aspocomp with respect to the benefits of owning Aspocomp Group security.