Asos Plc Pk Stock Market Value
| ASOMY Stock | USD 4.49 0.09 1.97% |
| Symbol | ASOS |
ASOS Plc '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 ASOS Plc'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 ASOS Plc.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in ASOS Plc on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding ASOS plc PK or generate 0.0% return on investment in ASOS Plc over 90 days. ASOS Plc is related to or competes with Boohoo PLC, ZALANDO SE, Wayfair, Etsy, AKA Brands, Alibaba Group, and Alibaba Group. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, To... More
ASOS Plc 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 ASOS Plc'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 ASOS plc PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.64 | |||
| Value At Risk | (6.34) | |||
| Potential Upside | 5.27 |
ASOS Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASOS Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASOS Plc's standard deviation. In reality, there are many statistical measures that can use ASOS Plc historical prices to predict the future ASOS Plc's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | 0.0393 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0092 |
ASOS plc PK Backtested Returns
At this stage we consider ASOS Pink Sheet to be relatively risky. ASOS plc PK secures Sharpe Ratio (or Efficiency) of 0.01, which signifies that the company had a 0.01% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ASOS plc PK, which you can use to evaluate the volatility of the firm. Please confirm ASOS Plc's risk adjusted performance of 0.0093, and Mean Deviation of 1.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.034%. The firm shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ASOS Plc are expected to decrease at a much lower rate. During the bear market, ASOS Plc is likely to outperform the market. ASOS plc PK currently shows a risk of 3.39%. Please confirm ASOS plc PK maximum drawdown, as well as the relationship between the skewness and price action indicator , to decide if ASOS plc PK will be following its price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
ASOS plc PK has very good reverse predictability. Overlapping area represents the amount of predictability between ASOS Plc time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 ASOS plc PK price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current ASOS Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
ASOS plc PK lagged returns against current returns
Autocorrelation, which is ASOS Plc 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 ASOS Plc's pink sheet expected returns. We can calculate the autocorrelation of ASOS Plc returns to help us make a trade decision. For example, suppose you find that ASOS Plc 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 |
ASOS Plc 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 ASOS Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASOS Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASOS Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ASOS Plc Lagged Returns
When evaluating ASOS Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASOS Plc pink sheet have on its future price. ASOS Plc 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, ASOS Plc autocorrelation shows the relationship between ASOS Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASOS plc PK.
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 ASOS Pink Sheet Analysis
When running ASOS Plc's price analysis, check to measure ASOS Plc'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 ASOS Plc is operating at the current time. Most of ASOS Plc's value examination focuses on studying past and present price action to predict the probability of ASOS Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASOS Plc's price. Additionally, you may evaluate how the addition of ASOS Plc to your portfolios can decrease your overall portfolio volatility.