Ascom Holding (Switzerland) Market Value
| ASCN Stock | CHF 4.16 0.09 2.12% |
| Symbol | Ascom |
Ascom Holding '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 Ascom Holding'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 Ascom Holding.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ascom Holding on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ascom Holding AG or generate 0.0% return on investment in Ascom Holding over 540 days. Ascom Holding is related to or competes with Comet Holding, Komax Holding, Implenia, Basilea Pharmaceutica, and OC Oerlikon. Ascom Holding AG, together with its subsidiaries, provides healthcare ICT and mobile workflow solutions worldwide More
Ascom Holding 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 Ascom Holding'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 Ascom Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 2.54 |
Ascom Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascom Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ascom Holding's standard deviation. In reality, there are many statistical measures that can use Ascom Holding historical prices to predict the future Ascom Holding's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (5.03) |
Ascom Holding AG Backtested Returns
Ascom Holding AG secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of standard deviation over the last 3 months. Ascom Holding AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ascom Holding's mean deviation of 1.42, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.088, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ascom Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ascom Holding is expected to be smaller as well. At this point, Ascom Holding AG has a negative expected return of -0.44%. Please make sure to confirm Ascom Holding's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Ascom Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Ascom Holding AG has very good predictability. Overlapping area represents the amount of predictability between Ascom Holding time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Ascom Holding AG price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Ascom Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Ascom Holding AG lagged returns against current returns
Autocorrelation, which is Ascom Holding 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 Ascom Holding's stock expected returns. We can calculate the autocorrelation of Ascom Holding returns to help us make a trade decision. For example, suppose you find that Ascom Holding 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 |
Ascom Holding 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 Ascom Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ascom Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ascom Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Ascom Holding Lagged Returns
When evaluating Ascom Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ascom Holding stock have on its future price. Ascom Holding 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, Ascom Holding autocorrelation shows the relationship between Ascom Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Ascom Holding AG.
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 Ascom Stock Analysis
When running Ascom Holding's price analysis, check to measure Ascom Holding'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 Ascom Holding is operating at the current time. Most of Ascom Holding's value examination focuses on studying past and present price action to predict the probability of Ascom Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ascom Holding's price. Additionally, you may evaluate how the addition of Ascom Holding to your portfolios can decrease your overall portfolio volatility.