Assa Abloy Ab Stock Market Value
| ASAZY Stock | USD 14.86 0.18 1.23% |
| Symbol | Assa |
Assa Abloy '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 Assa Abloy'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 Assa Abloy.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Assa Abloy on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Assa Abloy AB or generate 0.0% return on investment in Assa Abloy over 30 days. Assa Abloy is related to or competes with Atlas Copco, Carlsberg, DSV Panalpina, Alfa Laval, and Sandvik AB. ASSA ABLOY AB provides door opening products, solutions, and services for the institutional, commercial, and residential... More
Assa Abloy 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 Assa Abloy'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 Assa Abloy AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.96 |
Assa Abloy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assa Abloy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assa Abloy's standard deviation. In reality, there are many statistical measures that can use Assa Abloy historical prices to predict the future Assa Abloy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.38) |
Assa Abloy AB Backtested Returns
Assa Abloy AB secures Sharpe Ratio (or Efficiency) of -0.0464, which signifies that the company had a -0.0464 % return per unit of risk over the last 3 months. Assa Abloy AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Assa Abloy's Mean Deviation of 0.9319, standard deviation of 1.29, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Assa Abloy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Assa Abloy is expected to be smaller as well. At this point, Assa Abloy AB has a negative expected return of -0.0616%. Please make sure to confirm Assa Abloy's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Assa Abloy AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Assa Abloy AB has poor predictability. Overlapping area represents the amount of predictability between Assa Abloy time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 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 Assa Abloy AB price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Assa Abloy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Assa Abloy AB lagged returns against current returns
Autocorrelation, which is Assa Abloy 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 Assa Abloy's pink sheet expected returns. We can calculate the autocorrelation of Assa Abloy returns to help us make a trade decision. For example, suppose you find that Assa Abloy 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 |
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Assa Abloy 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 Assa Abloy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assa Abloy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assa Abloy pink sheet over time.
Current vs Lagged Prices |
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Assa Abloy Lagged Returns
When evaluating Assa Abloy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assa Abloy pink sheet have on its future price. Assa Abloy 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, Assa Abloy autocorrelation shows the relationship between Assa Abloy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Assa Abloy AB.
Regressed Prices |
| Timeline |
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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.Additional Tools for Assa Pink Sheet Analysis
When running Assa Abloy's price analysis, check to measure Assa Abloy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Assa Abloy is operating at the current time. Most of Assa Abloy's value examination focuses on studying past and present price action to predict the probability of Assa Abloy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Assa Abloy's price. Additionally, you may evaluate how the addition of Assa Abloy to your portfolios can decrease your overall portfolio volatility.