Aspinwall (India) Market Value
| ASPINWALL | 270.30 1.55 0.58% |
| Symbol | Aspinwall |
Aspinwall '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 Aspinwall'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 Aspinwall.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Aspinwall on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Aspinwall and or generate 0.0% return on investment in Aspinwall over 720 days. Aspinwall is related to or competes with BF Utilities, Hindware Home, Tube Investments, State Trading, Embassy Office, and Transport. Aspinwall is entity of India. It is traded as Stock on NSE exchange. More
Aspinwall 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 Aspinwall'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 Aspinwall and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 3.75 |
Aspinwall Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspinwall's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspinwall's standard deviation. In reality, there are many statistical measures that can use Aspinwall historical prices to predict the future Aspinwall's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 3.05 |
Aspinwall Backtested Returns
Aspinwall secures Sharpe Ratio (or Efficiency) of -0.0723, which signifies that the company had a -0.0723% return per unit of risk over the last 3 months. Aspinwall and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aspinwall's Risk Adjusted Performance of (0.04), mean deviation of 1.73, and Standard Deviation of 2.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0484, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aspinwall are expected to decrease at a much lower rate. During the bear market, Aspinwall is likely to outperform the market. At this point, Aspinwall has a negative expected return of -0.15%. Please make sure to confirm Aspinwall's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Aspinwall performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Aspinwall and has average predictability. Overlapping area represents the amount of predictability between Aspinwall time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Aspinwall price movement. The serial correlation of 0.46 indicates that about 46.0% of current Aspinwall price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 384.15 |
Aspinwall lagged returns against current returns
Autocorrelation, which is Aspinwall 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 Aspinwall's stock expected returns. We can calculate the autocorrelation of Aspinwall returns to help us make a trade decision. For example, suppose you find that Aspinwall 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 |
Aspinwall 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 Aspinwall stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspinwall stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspinwall stock over time.
Current vs Lagged Prices |
| Timeline |
Aspinwall Lagged Returns
When evaluating Aspinwall's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspinwall stock have on its future price. Aspinwall 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, Aspinwall autocorrelation shows the relationship between Aspinwall stock current value and its past values and can show if there is a momentum factor associated with investing in Aspinwall and.
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 Aspinwall Stock
Aspinwall financial ratios help investors to determine whether Aspinwall 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 Aspinwall with respect to the benefits of owning Aspinwall security.