Asp Isotopes Common Stock Market Value
| ASPI Stock | USD 7.71 0.56 7.83% |
| Symbol | ASP |
ASP Isotopes Common Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASP Isotopes. If investors know ASP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASP Isotopes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Revenue Per Share 0.055 | Return On Assets (0.39) | Return On Equity (1.98) |
The market value of ASP Isotopes Common is measured differently than its book value, which is the value of ASP that is recorded on the company's balance sheet. Investors also form their own opinion of ASP Isotopes' value that differs from its market value or its book value, called intrinsic value, which is ASP Isotopes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASP Isotopes' market value can be influenced by many factors that don't directly affect ASP Isotopes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASP Isotopes' value and its price as these two are different measures arrived at by different means. Investors typically determine if ASP Isotopes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASP Isotopes' 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.
ASP Isotopes '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 ASP Isotopes' 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 ASP Isotopes.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in ASP Isotopes on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding ASP Isotopes Common or generate 0.0% return on investment in ASP Isotopes over 180 days. ASP Isotopes is related to or competes with Asahi Kaisei, AdvanSix, Shin-Etsu Chemical, and NanoXplore. ASP Isotopes is entity of United States. It is traded as Stock on NASDAQ exchange. More
ASP Isotopes 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 ASP Isotopes' 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 ASP Isotopes Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.03 | |||
| Information Ratio | 0.2894 | |||
| Maximum Drawdown | 36.99 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 15.43 |
ASP Isotopes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASP Isotopes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASP Isotopes' standard deviation. In reality, there are many statistical measures that can use ASP Isotopes historical prices to predict the future ASP Isotopes' volatility.| Risk Adjusted Performance | 0.237 | |||
| Jensen Alpha | 1.88 | |||
| Total Risk Alpha | 1.35 | |||
| Sortino Ratio | 0.3447 | |||
| Treynor Ratio | 0.6498 |
ASP Isotopes Common Backtested Returns
ASP Isotopes is risky given 3 months investment horizon. ASP Isotopes Common secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.02% are justified by taking the suggested risk. Use ASP Isotopes risk adjusted performance of 0.237, and Mean Deviation of 5.56 to evaluate company specific risk that cannot be diversified away. ASP Isotopes holds a performance score of 22 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.33, 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, ASP Isotopes will likely underperform. Use ASP Isotopes semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on ASP Isotopes.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
ASP Isotopes Common has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ASP Isotopes time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 ASP Isotopes Common price movement. The serial correlation of -0.8 indicates that around 80.0% of current ASP Isotopes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 4.65 |
ASP Isotopes Common lagged returns against current returns
Autocorrelation, which is ASP Isotopes 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 ASP Isotopes' stock expected returns. We can calculate the autocorrelation of ASP Isotopes returns to help us make a trade decision. For example, suppose you find that ASP Isotopes 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 |
ASP Isotopes 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 ASP Isotopes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASP Isotopes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASP Isotopes stock over time.
Current vs Lagged Prices |
| Timeline |
ASP Isotopes Lagged Returns
When evaluating ASP Isotopes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASP Isotopes stock have on its future price. ASP Isotopes 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, ASP Isotopes autocorrelation shows the relationship between ASP Isotopes stock current value and its past values and can show if there is a momentum factor associated with investing in ASP Isotopes Common.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ASP Isotopes Common offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASP Isotopes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asp Isotopes Common Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asp Isotopes Common Stock:Check out ASP Isotopes Correlation, ASP Isotopes Volatility and ASP Isotopes Alpha and Beta module to complement your research on ASP Isotopes. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
ASP Isotopes technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.