Ashtead Group (UK) Market Value
| AHT Stock | 4,689 147.00 3.04% |
| Symbol | Ashtead |
Ashtead 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 Ashtead 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 Ashtead Group.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Ashtead Group on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Ashtead Group PLC or generate 0.0% return on investment in Ashtead Group over 30 days. Ashtead Group is related to or competes with CleanTech Lithium, Martin Marietta, Sartorius Stedim, Jade Road, JB Hunt, Kaufman Et, and Take Two. Ashtead Group is entity of United Kingdom More
Ashtead 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 Ashtead 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 Ashtead Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 2.55 |
Ashtead Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashtead Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashtead Group's standard deviation. In reality, there are many statistical measures that can use Ashtead Group historical prices to predict the future Ashtead Group's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.72) |
Ashtead Group PLC Backtested Returns
Ashtead Group PLC secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2 % return per unit of standard deviation over the last 3 months. Ashtead Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashtead Group's risk adjusted performance of (0.12), and Mean Deviation of 1.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ashtead Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashtead Group is expected to be smaller as well. At this point, Ashtead Group PLC has a negative expected return of -0.46%. Please make sure to confirm Ashtead Group's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Ashtead Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Ashtead Group PLC has good predictability. Overlapping area represents the amount of predictability between Ashtead Group time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Ashtead Group PLC price movement. The serial correlation of 0.71 indicates that around 71.0% of current Ashtead Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 15.5 K |
Ashtead Group PLC lagged returns against current returns
Autocorrelation, which is Ashtead 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 Ashtead Group's stock expected returns. We can calculate the autocorrelation of Ashtead Group returns to help us make a trade decision. For example, suppose you find that Ashtead 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 |
Ashtead 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 Ashtead Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtead Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtead Group stock over time.
Current vs Lagged Prices |
| Timeline |
Ashtead Group Lagged Returns
When evaluating Ashtead Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashtead Group stock have on its future price. Ashtead 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, Ashtead Group autocorrelation shows the relationship between Ashtead Group stock current value and its past values and can show if there is a momentum factor associated with investing in Ashtead Group PLC.
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 Ashtead Stock
Ashtead Group financial ratios help investors to determine whether Ashtead 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 Ashtead with respect to the benefits of owning Ashtead Group security.