Ascendis Health (South Africa) Market Value
| ASC Stock | 84.00 1.00 1.18% |
| Symbol | Ascendis |
Ascendis Health '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 Ascendis Health'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 Ascendis Health.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Ascendis Health on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Ascendis Health or generate 0.0% return on investment in Ascendis Health over 720 days. Ascendis Health is related to or competes with Hosken Consolidated, Brimstone Investment, Life Healthcare, Allied Electronics, Deneb Investments, and HomeChoice Investments. More
Ascendis Health 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 Ascendis Health'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 Ascendis Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 21.0 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 9.59 |
Ascendis Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascendis Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ascendis Health's standard deviation. In reality, there are many statistical measures that can use Ascendis Health historical prices to predict the future Ascendis Health's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.3635 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | (0.68) |
Ascendis Health Backtested Returns
Ascendis Health appears to be very steady, given 3 months investment horizon. Ascendis Health secures Sharpe Ratio (or Efficiency) of 0.0816, which signifies that the company had a 0.0816 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ascendis Health, which you can use to evaluate the volatility of the firm. Please makes use of Ascendis Health's risk adjusted performance of 0.0761, and Mean Deviation of 2.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ascendis Health holds a performance score of 6. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ascendis Health are expected to decrease at a much lower rate. During the bear market, Ascendis Health is likely to outperform the market. Please check Ascendis Health's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Ascendis Health's price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Ascendis Health has very weak predictability. Overlapping area represents the amount of predictability between Ascendis Health time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st 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 Ascendis Health price movement. The serial correlation of 0.18 indicates that over 18.0% of current Ascendis Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 30.37 |
Ascendis Health lagged returns against current returns
Autocorrelation, which is Ascendis Health 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 Ascendis Health's stock expected returns. We can calculate the autocorrelation of Ascendis Health returns to help us make a trade decision. For example, suppose you find that Ascendis Health 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 |
Ascendis Health 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 Ascendis Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ascendis Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ascendis Health stock over time.
Current vs Lagged Prices |
| Timeline |
Ascendis Health Lagged Returns
When evaluating Ascendis Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ascendis Health stock have on its future price. Ascendis Health 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, Ascendis Health autocorrelation shows the relationship between Ascendis Health stock current value and its past values and can show if there is a momentum factor associated with investing in Ascendis Health.
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 Ascendis Stock
Ascendis Health financial ratios help investors to determine whether Ascendis 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 Ascendis with respect to the benefits of owning Ascendis Health security.