Ainsworth Game Technology Stock Market Value
| AINSF Stock | USD 0.46 0.02 4.17% |
| Symbol | Ainsworth |
Ainsworth Game '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 Ainsworth Game'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 Ainsworth Game.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Ainsworth Game on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Ainsworth Game Technology or generate 0.0% return on investment in Ainsworth Game over 360 days. Ainsworth Game is related to or competes with Light Wonder, Marvell Technology, Alphabet, Snowflake, P10, Destiny Tech100, and Travelers Companies. Ainsworth Game Technology Limited designs, develops, manufactures, sells, distributes, and services electronic gaming ma... More
Ainsworth Game 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 Ainsworth Game'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 Ainsworth Game Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 2.13 |
Ainsworth Game Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ainsworth Game's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ainsworth Game's standard deviation. In reality, there are many statistical measures that can use Ainsworth Game historical prices to predict the future Ainsworth Game's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ainsworth Game'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.
Ainsworth Game Technology Backtested Returns
Ainsworth Game Technology secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Ainsworth Game Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ainsworth Game's Risk Adjusted Performance of (0.11), standard deviation of 2.08, and Mean Deviation of 1.37 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ainsworth Game's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ainsworth Game is expected to be smaller as well. At this point, Ainsworth Game Technology has a negative expected return of -0.43%. Please make sure to confirm Ainsworth Game's maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Ainsworth Game Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Ainsworth Game Technology has good predictability. Overlapping area represents the amount of predictability between Ainsworth Game time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Ainsworth Game Technology price movement. The serial correlation of 0.78 indicates that around 78.0% of current Ainsworth Game price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ainsworth Game Technology lagged returns against current returns
Autocorrelation, which is Ainsworth Game 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 Ainsworth Game's pink sheet expected returns. We can calculate the autocorrelation of Ainsworth Game returns to help us make a trade decision. For example, suppose you find that Ainsworth Game 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 |
Ainsworth Game 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 Ainsworth Game pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ainsworth Game pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ainsworth Game pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ainsworth Game Lagged Returns
When evaluating Ainsworth Game's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ainsworth Game pink sheet have on its future price. Ainsworth Game 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, Ainsworth Game autocorrelation shows the relationship between Ainsworth Game pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ainsworth Game Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ainsworth Pink Sheet
Ainsworth Game financial ratios help investors to determine whether Ainsworth Pink Sheet 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 Ainsworth with respect to the benefits of owning Ainsworth Game security.