Ashtead Group (UK) Market Value
| AHT Stock | 6,290 36.00 0.57% |
| 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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ashtead Group on October 29, 2024 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 Toyota, SoftBank Group, OTP Bank, Las Vegas, Yum Brands, Digital Realty, and Axon Enterprise. 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.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.1014 | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.13 |
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 | 0.1436 | |||
| Jensen Alpha | 0.153 | |||
| Total Risk Alpha | 0.0375 | |||
| Sortino Ratio | 0.127 | |||
| Treynor Ratio | 0.2591 |
Ashtead Group PLC Backtested Returns
Ashtead Group appears to be very steady, given 3 months investment horizon. Ashtead Group PLC secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashtead Group PLC, which you can use to evaluate the volatility of the firm. Please makes use of Ashtead Group's risk adjusted performance of 0.1436, and Mean Deviation of 1.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashtead Group holds a performance score of 12. The firm shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Ashtead Group returns are very sensitive to returns on the market. As the market goes up or down, Ashtead Group is expected to follow. Please check Ashtead Group's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Ashtead Group's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Ashtead Group PLC has good predictability. Overlapping area represents the amount of predictability between Ashtead Group 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 Ashtead Group PLC price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Ashtead Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 4970.89 |
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.