ASG Corp (Vietnam) Market Value
| ASG Stock | 18,750 250.00 1.35% |
| Symbol | ASG |
ASG Corp '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 ASG Corp'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 ASG Corp.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in ASG Corp on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding ASG Corp or generate 0.0% return on investment in ASG Corp over 720 days. ASG Corp is related to or competes with Development Investment, Transport, Bao Ngoc, Taseco Air, Ha Long, and MST Investment. More
ASG Corp 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 ASG Corp'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 ASG Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.07 |
ASG Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASG Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASG Corp's standard deviation. In reality, there are many statistical measures that can use ASG Corp historical prices to predict the future ASG Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.37) |
ASG Corp Backtested Returns
ASG Corp secures Sharpe Ratio (or Efficiency) of -0.067, which signifies that the company had a -0.067% return per unit of risk over the last 3 months. ASG Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASG Corp's Risk Adjusted Performance of (0.07), mean deviation of 0.4953, and Standard Deviation of 0.6863 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0491, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASG Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASG Corp is expected to be smaller as well. At this point, ASG Corp has a negative expected return of -0.0452%. Please make sure to confirm ASG Corp's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if ASG Corp performance from the past will be repeated in the future.
Auto-correlation | 0.74 |
Good predictability
ASG Corp has good predictability. Overlapping area represents the amount of predictability between ASG Corp time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 ASG Corp price movement. The serial correlation of 0.74 indicates that around 74.0% of current ASG Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
ASG Corp lagged returns against current returns
Autocorrelation, which is ASG Corp 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 ASG Corp's stock expected returns. We can calculate the autocorrelation of ASG Corp returns to help us make a trade decision. For example, suppose you find that ASG Corp 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 |
ASG Corp 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 ASG Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASG Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASG Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ASG Corp Lagged Returns
When evaluating ASG Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASG Corp stock have on its future price. ASG Corp 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, ASG Corp autocorrelation shows the relationship between ASG Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ASG Corp.
Regressed Prices |
| Timeline |
Pair Trading with ASG Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASG Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASG Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with ASG Stock
The ability to find closely correlated positions to ASG Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASG Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASG Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASG Corp to buy it.
The correlation of ASG Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASG Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASG Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ASG Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in ASG Stock
ASG Corp financial ratios help investors to determine whether ASG 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 ASG with respect to the benefits of owning ASG Corp security.