Akso Health Group Stock Market Value
| AHG Stock | USD 0.86 0.02 2.27% |
| Symbol | Akso |
Akso Health Group Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akso Health. If investors know Akso will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akso Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.21) | Revenue Per Share 0.051 | Quarterly Revenue Growth 0.148 | Return On Assets (0.07) | Return On Equity (0.12) |
The market value of Akso Health Group is measured differently than its book value, which is the value of Akso that is recorded on the company's balance sheet. Investors also form their own opinion of Akso Health's value that differs from its market value or its book value, called intrinsic value, which is Akso Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akso Health's market value can be influenced by many factors that don't directly affect Akso Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akso Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akso Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akso Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Akso Health '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 Akso Health'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 Akso Health.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Akso Health on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Akso Health Group or generate 0.0% return on investment in Akso Health over 510 days. Akso Health is related to or competes with Henry Schein, Owens Minor, Cardinal Health, Zynex, McKesson, and Patterson Companies. Akso Health Group operates a social e-commerce mobile platform in China More
Akso Health 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 Akso Health'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 Akso Health Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 65.29 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 7.87 |
Akso Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akso Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akso Health's standard deviation. In reality, there are many statistical measures that can use Akso Health historical prices to predict the future Akso Health's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | 0.0181 |
Akso Health Group Backtested Returns
At this point, Akso Health is out of control. Akso Health Group secures Sharpe Ratio (or Efficiency) of 0.014, which signifies that the company had a 0.014% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Akso Health Group, which you can use to evaluate the volatility of the firm. Please confirm Akso Health's Mean Deviation of 5.2, risk adjusted performance of 0.0084, and Standard Deviation of 8.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Akso Health has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.92, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Akso Health are expected to decrease slowly. On the other hand, during market turmoil, Akso Health is expected to outperform it slightly. Akso Health Group right now shows a risk of 8.3%. Please confirm Akso Health Group value at risk and the relationship between the kurtosis and market facilitation index , to decide if Akso Health Group will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
Akso Health Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Akso Health time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Akso Health Group price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Akso Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Akso Health Group lagged returns against current returns
Autocorrelation, which is Akso Health 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 Akso Health's stock expected returns. We can calculate the autocorrelation of Akso Health returns to help us make a trade decision. For example, suppose you find that Akso Health 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 |
Akso Health 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 Akso Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akso Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akso Health stock over time.
Current vs Lagged Prices |
| Timeline |
Akso Health Lagged Returns
When evaluating Akso Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akso Health stock have on its future price. Akso Health 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, Akso Health autocorrelation shows the relationship between Akso Health stock current value and its past values and can show if there is a momentum factor associated with investing in Akso Health Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Akso Health Group is a strong investment it is important to analyze Akso Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Akso Health's future performance. For an informed investment choice regarding Akso Stock, refer to the following important reports:Check out Akso Health Correlation, Akso Health Volatility and Akso Health Alpha and Beta module to complement your research on Akso Health. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Akso Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.