Asahi Kaisei Corp Stock Market Value
| AHKSY Stock | USD 14.20 0.10 0.71% |
| Symbol | Asahi |
Asahi Kaisei '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 Asahi Kaisei's pink sheet 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 Asahi Kaisei.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Asahi Kaisei on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asahi Kaisei Corp or generate 0.0% return on investment in Asahi Kaisei over 30 days. Asahi Kaisei is related to or competes with Origin Materials, BASF SE, Braskem SA, Lsb Industries, Dow, Huntsman, and Methanex. Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally More
Asahi Kaisei 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 Asahi Kaisei's pink sheet 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 Asahi Kaisei Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.13 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.67 |
Asahi Kaisei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asahi Kaisei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asahi Kaisei's standard deviation. In reality, there are many statistical measures that can use Asahi Kaisei historical prices to predict the future Asahi Kaisei's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0932 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asahi Kaisei'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.
Asahi Kaisei Corp Backtested Returns
Asahi Kaisei Corp secures Sharpe Ratio (or Efficiency) of -0.006, which signifies that the company had a -0.006% return per unit of standard deviation over the last 3 months. Asahi Kaisei Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asahi Kaisei's risk adjusted performance of 0.0226, and Mean Deviation of 1.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asahi Kaisei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asahi Kaisei is expected to be smaller as well. At this point, Asahi Kaisei Corp has a negative expected return of -0.0093%. Please make sure to confirm Asahi Kaisei's value at risk, and the relationship between the standard deviation and kurtosis , to decide if Asahi Kaisei Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Asahi Kaisei Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Asahi Kaisei 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 Asahi Kaisei Corp price movement. The serial correlation of -0.81 indicates that around 81.0% of current Asahi Kaisei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Asahi Kaisei Corp lagged returns against current returns
Autocorrelation, which is Asahi Kaisei pink sheet'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 Asahi Kaisei's pink sheet expected returns. We can calculate the autocorrelation of Asahi Kaisei returns to help us make a trade decision. For example, suppose you find that Asahi Kaisei has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Asahi Kaisei 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 Asahi Kaisei pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asahi Kaisei pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asahi Kaisei pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asahi Kaisei Lagged Returns
When evaluating Asahi Kaisei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asahi Kaisei pink sheet have on its future price. Asahi Kaisei 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, Asahi Kaisei autocorrelation shows the relationship between Asahi Kaisei pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asahi Kaisei Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Asahi Pink Sheet Analysis
When running Asahi Kaisei's price analysis, check to measure Asahi Kaisei's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asahi Kaisei is operating at the current time. Most of Asahi Kaisei's value examination focuses on studying past and present price action to predict the probability of Asahi Kaisei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asahi Kaisei's price. Additionally, you may evaluate how the addition of Asahi Kaisei to your portfolios can decrease your overall portfolio volatility.