Ashmore Asset (Indonesia) Market Value
| AMOR Stock | IDR 720.00 30.00 4.35% |
| Symbol | Ashmore |
Ashmore Asset '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 Ashmore Asset'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 Ashmore Asset.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Ashmore Asset on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Ashmore Asset Management or generate 0.0% return on investment in Ashmore Asset over 720 days. Ashmore Asset is related to or competes with Bank Amar, Bhakti Multi, Mahaka Radio, Integra Indocabinet, Multistrada Arah, PT MNC, and J Resources. PT Ashmore Asset Management Indonesia Tbk s an investment management company More
Ashmore Asset 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 Ashmore Asset'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 Ashmore Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 32.83 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 6.32 |
Ashmore Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashmore Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashmore Asset's standard deviation. In reality, there are many statistical measures that can use Ashmore Asset historical prices to predict the future Ashmore Asset's volatility.| Risk Adjusted Performance | 0.0762 | |||
| Jensen Alpha | 0.426 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0655 | |||
| Treynor Ratio | (0.45) |
Ashmore Asset Management Backtested Returns
Ashmore Asset appears to be very steady, given 3 months investment horizon. Ashmore Asset Management secures Sharpe Ratio (or Efficiency) of 0.0719, which signifies that the company had a 0.0719% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashmore Asset Management, which you can use to evaluate the volatility of the firm. Please makes use of Ashmore Asset's mean deviation of 2.26, and Risk Adjusted Performance of 0.0762 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashmore Asset holds a performance score of 5. The firm shows a Beta (market volatility) of -0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ashmore Asset are expected to decrease at a much lower rate. During the bear market, Ashmore Asset is likely to outperform the market. Please check Ashmore Asset's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ashmore Asset's price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Ashmore Asset Management has modest predictability. Overlapping area represents the amount of predictability between Ashmore Asset time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Ashmore Asset Management price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Ashmore Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 14.9 K |
Ashmore Asset Management lagged returns against current returns
Autocorrelation, which is Ashmore Asset 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 Ashmore Asset's stock expected returns. We can calculate the autocorrelation of Ashmore Asset returns to help us make a trade decision. For example, suppose you find that Ashmore Asset 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 |
Ashmore Asset 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 Ashmore Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashmore Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashmore Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Ashmore Asset Lagged Returns
When evaluating Ashmore Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashmore Asset stock have on its future price. Ashmore Asset 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, Ashmore Asset autocorrelation shows the relationship between Ashmore Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Ashmore Asset Management.
Regressed Prices |
| Timeline |
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Ashmore Asset financial ratios help investors to determine whether Ashmore 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 Ashmore with respect to the benefits of owning Ashmore Asset security.