Aspen Digital Stock Market Value
| ASPD Stock | USD 3.37 0.02 0.60% |
| Symbol | Aspen |
Please note, there is a significant difference between Aspen Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aspen Digital '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 Aspen Digital'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 Aspen Digital.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aspen Digital on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aspen Digital or generate 0.0% return on investment in Aspen Digital over 30 days. Aspen Digital is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. More
Aspen Digital 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 Aspen Digital'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 Aspen Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8524 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.7 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.8982 |
Aspen Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspen Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspen Digital's standard deviation. In reality, there are many statistical measures that can use Aspen Digital historical prices to predict the future Aspen Digital's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1327 |
Aspen Digital Backtested Returns
At this point, Aspen Digital is very steady. Aspen Digital secures Sharpe Ratio (or Efficiency) of 0.055, which signifies that the company had a 0.055% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aspen Digital, which you can use to evaluate the volatility of the firm. Please confirm Aspen Digital's Mean Deviation of 0.1431, downside deviation of 0.8524, and Risk Adjusted Performance of 0.0191 to double-check if the risk estimate we provide is consistent with the expected return of 0.0196%. Aspen Digital has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0313, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aspen Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aspen Digital is expected to be smaller as well. Aspen Digital right now shows a risk of 0.36%. Please confirm Aspen Digital sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Aspen Digital will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Aspen Digital has poor reverse predictability. Overlapping area represents the amount of predictability between Aspen Digital time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Aspen Digital price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Aspen Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aspen Digital lagged returns against current returns
Autocorrelation, which is Aspen Digital 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 Aspen Digital's pink sheet expected returns. We can calculate the autocorrelation of Aspen Digital returns to help us make a trade decision. For example, suppose you find that Aspen Digital 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 |
Aspen Digital 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 Aspen Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspen Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspen Digital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aspen Digital Lagged Returns
When evaluating Aspen Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspen Digital pink sheet have on its future price. Aspen Digital 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, Aspen Digital autocorrelation shows the relationship between Aspen Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aspen Digital.
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 Aspen Pink Sheet
Aspen Digital financial ratios help investors to determine whether Aspen Pink Sheet 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 Aspen with respect to the benefits of owning Aspen Digital security.