Ansell Limited Stock Market Value
| ANSLF Stock | USD 20.80 0.20 0.95% |
| Symbol | Ansell |
Ansell '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 Ansell'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 Ansell.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ansell on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ansell Limited or generate 0.0% return on investment in Ansell over 30 days. Ansell is related to or competes with Sysmex Corp, Coloplast, Essilor International, Coloplast, Hoya Corp, Utah Medical, and AngioDynamics. Ansell Limited designs, develops, and manufactures protection solutions in the Asia Pacific, Europe, the Middle East, Af... More
Ansell 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 Ansell'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 Ansell Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 17.44 |
Ansell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ansell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ansell's standard deviation. In reality, there are many statistical measures that can use Ansell historical prices to predict the future Ansell's volatility.| Risk Adjusted Performance | 0.1366 | |||
| Jensen Alpha | 0.4413 | |||
| Total Risk Alpha | 0.0385 | |||
| Treynor Ratio | (9.04) |
Ansell Limited Backtested Returns
Ansell appears to be not too volatile, given 3 months investment horizon. Ansell Limited secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty technical indicators for Ansell Limited, which you can use to evaluate the volatility of the firm. Please makes use of Ansell's Standard Deviation of 2.64, mean deviation of 0.8933, and Risk Adjusted Performance of 0.1366 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ansell holds a performance score of 13. The firm shows a Beta (market volatility) of -0.0482, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ansell are expected to decrease at a much lower rate. During the bear market, Ansell is likely to outperform the market. Please check Ansell's information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether Ansell's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Ansell Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Ansell time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ansell Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ansell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ansell Limited lagged returns against current returns
Autocorrelation, which is Ansell 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 Ansell's pink sheet expected returns. We can calculate the autocorrelation of Ansell returns to help us make a trade decision. For example, suppose you find that Ansell 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 |
Ansell 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 Ansell pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ansell pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ansell pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ansell Lagged Returns
When evaluating Ansell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ansell pink sheet have on its future price. Ansell 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, Ansell autocorrelation shows the relationship between Ansell pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ansell Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ansell Pink Sheet
Ansell financial ratios help investors to determine whether Ansell 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 Ansell with respect to the benefits of owning Ansell security.