ASOS Plc (UK) Market Value
| ASC Stock | 424.80 11.60 2.66% |
| Symbol | ASOS |
ASOS Plc '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 ASOS Plc'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 ASOS Plc.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in ASOS Plc on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding ASOS Plc or generate 0.0% return on investment in ASOS Plc over 30 days. ASOS Plc is related to or competes with Cairo Communication, BW Offshore, Logitech International, Made Tech, Mobilezone Holding, Zegona Communications, and Aeorema Communications. ASOS Plc is entity of United Kingdom. It is traded as Stock on LSE exchange. More
ASOS Plc 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 ASOS Plc'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 ASOS Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.0759 | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.25 |
ASOS Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASOS Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASOS Plc's standard deviation. In reality, there are many statistical measures that can use ASOS Plc historical prices to predict the future ASOS Plc's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.2196 | |||
| Total Risk Alpha | 0.0547 | |||
| Sortino Ratio | 0.0848 | |||
| Treynor Ratio | 0.6446 |
ASOS Plc Backtested Returns
ASOS Plc appears to be very steady, given 3 months investment horizon. ASOS Plc secures Sharpe Ratio (or Efficiency) of 0.0946, which signifies that the company had a 0.0946 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ASOS Plc, which you can use to evaluate the volatility of the firm. Please makes use of ASOS Plc's risk adjusted performance of 0.0983, and Mean Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASOS Plc holds a performance score of 7. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASOS Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASOS Plc is expected to be smaller as well. Please check ASOS Plc's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether ASOS Plc's price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
ASOS Plc has insignificant predictability. Overlapping area represents the amount of predictability between ASOS Plc time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 ASOS Plc price movement. The serial correlation of 0.1 indicates that less than 10.0% of current ASOS Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 123.82 |
ASOS Plc lagged returns against current returns
Autocorrelation, which is ASOS Plc 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 ASOS Plc's stock expected returns. We can calculate the autocorrelation of ASOS Plc returns to help us make a trade decision. For example, suppose you find that ASOS Plc 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 |
ASOS Plc 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 ASOS Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASOS Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASOS Plc stock over time.
Current vs Lagged Prices |
| Timeline |
ASOS Plc Lagged Returns
When evaluating ASOS Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASOS Plc stock have on its future price. ASOS Plc 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, ASOS Plc autocorrelation shows the relationship between ASOS Plc stock current value and its past values and can show if there is a momentum factor associated with investing in ASOS Plc.
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 ASOS Stock
ASOS Plc financial ratios help investors to determine whether ASOS 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 ASOS with respect to the benefits of owning ASOS Plc security.