Ashtead Gro Stock Market Value
| ASHTY Stock | USD 323.62 6.46 2.04% |
| Symbol | Ashtead |
Ashtead Gro '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 Ashtead Gro's pink sheet 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 Ashtead Gro.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ashtead Gro on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ashtead Gro or generate 0.0% return on investment in Ashtead Gro over 270 days. Ashtead Gro is related to or competes with BOC Aviation, Black Diamond, Alta Equipment, Ashtead Group, Solution Financial, FlexShopper, and Multi Ways. Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental... More
Ashtead Gro 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 Ashtead Gro's pink sheet 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 Ashtead Gro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0799 | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 3.02 |
Ashtead Gro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashtead Gro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashtead Gro's standard deviation. In reality, there are many statistical measures that can use Ashtead Gro historical prices to predict the future Ashtead Gro's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 0.1063 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0943 | |||
| Treynor Ratio | 0.205 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashtead Gro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ashtead Gro Backtested Returns
Ashtead Gro appears to be very steady, given 3 months investment horizon. Ashtead Gro secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ashtead Gro, which you can use to evaluate the volatility of the firm. Please makes use of Ashtead Gro's risk adjusted performance of 0.1249, and Mean Deviation of 1.37 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashtead Gro holds a performance score of 10. The firm shows a Beta (market volatility) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ashtead Gro will likely underperform. Please check Ashtead Gro's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Ashtead Gro's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Ashtead Gro has very weak reverse predictability. Overlapping area represents the amount of predictability between Ashtead Gro time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Ashtead Gro price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Ashtead Gro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 383.6 |
Ashtead Gro lagged returns against current returns
Autocorrelation, which is Ashtead Gro pink sheet'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 Ashtead Gro's pink sheet expected returns. We can calculate the autocorrelation of Ashtead Gro returns to help us make a trade decision. For example, suppose you find that Ashtead Gro has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ashtead Gro 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 Ashtead Gro pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashtead Gro pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashtead Gro pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ashtead Gro Lagged Returns
When evaluating Ashtead Gro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashtead Gro pink sheet have on its future price. Ashtead Gro 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, Ashtead Gro autocorrelation shows the relationship between Ashtead Gro pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ashtead Gro.
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 Ashtead Pink Sheet Analysis
When running Ashtead Gro's price analysis, check to measure Ashtead Gro'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 Ashtead Gro is operating at the current time. Most of Ashtead Gro's value examination focuses on studying past and present price action to predict the probability of Ashtead Gro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashtead Gro's price. Additionally, you may evaluate how the addition of Ashtead Gro to your portfolios can decrease your overall portfolio volatility.