ASTRA INTERNATIONAL (Germany) Market Value
| ASJA Stock | EUR 0.29 0.01 3.57% |
| Symbol | ASTRA |
ASTRA INTERNATIONAL '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 ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ASTRA INTERNATIONAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ASTRA INTERNATIONAL or generate 0.0% return on investment in ASTRA INTERNATIONAL over 540 days. ASTRA INTERNATIONAL is related to or competes with United Utilities, Calibre Mining, QBE Insurance, REVO INSURANCE, and UNITED UTILITIES. More
ASTRA INTERNATIONAL 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 ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.38 | |||
| Value At Risk | (3.23) |
ASTRA INTERNATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASTRA INTERNATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASTRA INTERNATIONAL's standard deviation. In reality, there are many statistical measures that can use ASTRA INTERNATIONAL historical prices to predict the future ASTRA INTERNATIONAL's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.0436 |
ASTRA INTERNATIONAL Backtested Returns
ASTRA INTERNATIONAL secures Sharpe Ratio (or Efficiency) of -0.0445, which signifies that the company had a -0.0445% return per unit of risk over the last 3 months. ASTRA INTERNATIONAL exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASTRA INTERNATIONAL's risk adjusted performance of 0.0141, and Mean Deviation of 0.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASTRA INTERNATIONAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASTRA INTERNATIONAL is expected to be smaller as well. At this point, ASTRA INTERNATIONAL has a negative expected return of -0.086%. Please make sure to confirm ASTRA INTERNATIONAL's skewness, daily balance of power, and the relationship between the value at risk and kurtosis , to decide if ASTRA INTERNATIONAL performance from the past will be repeated at future time.
Auto-correlation | -0.13 |
Insignificant reverse predictability
ASTRA INTERNATIONAL has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASTRA INTERNATIONAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 ASTRA INTERNATIONAL price movement. The serial correlation of -0.13 indicates that less than 13.0% of current ASTRA INTERNATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ASTRA INTERNATIONAL lagged returns against current returns
Autocorrelation, which is ASTRA INTERNATIONAL 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 ASTRA INTERNATIONAL's stock expected returns. We can calculate the autocorrelation of ASTRA INTERNATIONAL returns to help us make a trade decision. For example, suppose you find that ASTRA INTERNATIONAL 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 |
ASTRA INTERNATIONAL 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 ASTRA INTERNATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASTRA INTERNATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASTRA INTERNATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
ASTRA INTERNATIONAL Lagged Returns
When evaluating ASTRA INTERNATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASTRA INTERNATIONAL stock have on its future price. ASTRA INTERNATIONAL 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, ASTRA INTERNATIONAL autocorrelation shows the relationship between ASTRA INTERNATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in ASTRA INTERNATIONAL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ASTRA Stock Analysis
When running ASTRA INTERNATIONAL's price analysis, check to measure ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL is operating at the current time. Most of ASTRA INTERNATIONAL's value examination focuses on studying past and present price action to predict the probability of ASTRA INTERNATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASTRA INTERNATIONAL's price. Additionally, you may evaluate how the addition of ASTRA INTERNATIONAL to your portfolios can decrease your overall portfolio volatility.