Autosports (Australia) Market Value
| ASG Stock | 1.93 0.07 3.50% |
| Symbol | Autosports |
Autosports '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 Autosports' 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 Autosports.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Autosports on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Autosports Group or generate 0.0% return on investment in Autosports over 30 days. Autosports is related to or competes with Aneka Tambang, Macquarie, Macquarie Group, Challenger, BHP Group, Block, and Rio Tinto. Autosports is entity of Australia. It is traded as Stock on AU exchange. More
Autosports 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 Autosports' 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 Autosports Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 2.35 |
Autosports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Autosports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autosports' standard deviation. In reality, there are many statistical measures that can use Autosports historical prices to predict the future Autosports' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3253 |
Autosports Group Backtested Returns
Autosports Group secures Sharpe Ratio (or Efficiency) of -0.0479, which signifies that the company had a -0.0479% return per unit of risk over the last 3 months. Autosports Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Autosports' Mean Deviation of 1.29, risk adjusted performance of (0.02), and Standard Deviation of 1.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Autosports are expected to decrease at a much lower rate. During the bear market, Autosports is likely to outperform the market. At this point, Autosports Group has a negative expected return of -0.086%. Please make sure to confirm Autosports' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Autosports Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Autosports Group has very good predictability. Overlapping area represents the amount of predictability between Autosports time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Autosports Group price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Autosports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Autosports Group lagged returns against current returns
Autocorrelation, which is Autosports 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 Autosports' stock expected returns. We can calculate the autocorrelation of Autosports returns to help us make a trade decision. For example, suppose you find that Autosports 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 |
Autosports 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 Autosports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autosports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autosports stock over time.
Current vs Lagged Prices |
| Timeline |
Autosports Lagged Returns
When evaluating Autosports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autosports stock have on its future price. Autosports 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, Autosports autocorrelation shows the relationship between Autosports stock current value and its past values and can show if there is a momentum factor associated with investing in Autosports Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Autosports Stock Analysis
When running Autosports' price analysis, check to measure Autosports' 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 Autosports is operating at the current time. Most of Autosports' value examination focuses on studying past and present price action to predict the probability of Autosports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autosports' price. Additionally, you may evaluate how the addition of Autosports to your portfolios can decrease your overall portfolio volatility.