ASK AUTOMOTIVE (India) Market Value
| ASKAUTOLTD | 450.35 0.85 0.19% |
| Symbol | ASK |
ASK AUTOMOTIVE '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 ASK AUTOMOTIVE'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 ASK AUTOMOTIVE.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ASK AUTOMOTIVE on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ASK AUTOMOTIVE LIMITED or generate 0.0% return on investment in ASK AUTOMOTIVE over 30 days. ASK AUTOMOTIVE is related to or competes with Vishnu Chemicals, Industrial Investment, HDFC Asset, Dharani SugarsChemicals, Gujarat Fluorochemicals, Sukhjit Starch, and Jindal Poly. ASK AUTOMOTIVE is entity of India. It is traded as Stock on NSE exchange. More
ASK AUTOMOTIVE 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 ASK AUTOMOTIVE'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 ASK AUTOMOTIVE LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.82 |
ASK AUTOMOTIVE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASK AUTOMOTIVE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASK AUTOMOTIVE's standard deviation. In reality, there are many statistical measures that can use ASK AUTOMOTIVE historical prices to predict the future ASK AUTOMOTIVE's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.0466 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5283 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASK AUTOMOTIVE'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.
ASK AUTOMOTIVE Backtested Returns
ASK AUTOMOTIVE secures Sharpe Ratio (or Efficiency) of -0.0058, which signifies that the company had a -0.0058% return per unit of return volatility over the last 3 months. ASK AUTOMOTIVE LIMITED exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASK AUTOMOTIVE's Risk Adjusted Performance of 0.0293, mean deviation of 1.7, and Semi Deviation of 2.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASK AUTOMOTIVE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASK AUTOMOTIVE is expected to be smaller as well. At this point, ASK AUTOMOTIVE has a negative expected return of -0.0133%. Please make sure to confirm ASK AUTOMOTIVE's potential upside, and the relationship between the total risk alpha and kurtosis , to decide if ASK AUTOMOTIVE performance from the past will be repeated in the future.
Auto-correlation | 0.45 |
Average predictability
ASK AUTOMOTIVE LIMITED has average predictability. Overlapping area represents the amount of predictability between ASK AUTOMOTIVE time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 ASK AUTOMOTIVE price movement. The serial correlation of 0.45 indicates that just about 45.0% of current ASK AUTOMOTIVE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 172.31 |
ASK AUTOMOTIVE lagged returns against current returns
Autocorrelation, which is ASK AUTOMOTIVE 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 ASK AUTOMOTIVE's stock expected returns. We can calculate the autocorrelation of ASK AUTOMOTIVE returns to help us make a trade decision. For example, suppose you find that ASK AUTOMOTIVE 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 |
ASK AUTOMOTIVE 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 ASK AUTOMOTIVE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASK AUTOMOTIVE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASK AUTOMOTIVE stock over time.
Current vs Lagged Prices |
| Timeline |
ASK AUTOMOTIVE Lagged Returns
When evaluating ASK AUTOMOTIVE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASK AUTOMOTIVE stock have on its future price. ASK AUTOMOTIVE 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, ASK AUTOMOTIVE autocorrelation shows the relationship between ASK AUTOMOTIVE stock current value and its past values and can show if there is a momentum factor associated with investing in ASK AUTOMOTIVE LIMITED.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in ASK Stock
ASK AUTOMOTIVE financial ratios help investors to determine whether ASK 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 ASK with respect to the benefits of owning ASK AUTOMOTIVE security.