Aster DM (India) Market Value
| ASTERDM Stock | 478.60 38.75 8.81% |
| Symbol | Aster |
Aster DM '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 Aster DM'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 Aster DM.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aster DM on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aster DM Healthcare or generate 0.0% return on investment in Aster DM over 30 days. Aster DM is related to or competes with PB Fintech, Yatharth Hospital, Lotus Eye, Entero Healthcare, Apollo Hospitals, Sri Havisha, and Global Health. Aster DM is entity of India. It is traded as Stock on NSE exchange. More
Aster DM 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 Aster DM'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 Aster DM Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.18 |
Aster DM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aster DM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aster DM's standard deviation. In reality, there are many statistical measures that can use Aster DM historical prices to predict the future Aster DM's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.2761 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0955 | |||
| Treynor Ratio | (2.77) |
Aster DM Healthcare Backtested Returns
Aster DM appears to be very steady, given 3 months investment horizon. Aster DM Healthcare secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aster DM Healthcare, which you can use to evaluate the volatility of the firm. Please makes use of Aster DM's Mean Deviation of 1.3, risk adjusted performance of 0.1047, and Downside Deviation of 1.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aster DM holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0956, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aster DM are expected to decrease at a much lower rate. During the bear market, Aster DM is likely to outperform the market. Please check Aster DM's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Aster DM's price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Aster DM Healthcare has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aster DM 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 Aster DM Healthcare price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Aster DM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 318.02 |
Aster DM Healthcare lagged returns against current returns
Autocorrelation, which is Aster DM 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 Aster DM's stock expected returns. We can calculate the autocorrelation of Aster DM returns to help us make a trade decision. For example, suppose you find that Aster DM 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 |
Aster DM 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 Aster DM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aster DM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aster DM stock over time.
Current vs Lagged Prices |
| Timeline |
Aster DM Lagged Returns
When evaluating Aster DM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aster DM stock have on its future price. Aster DM 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, Aster DM autocorrelation shows the relationship between Aster DM stock current value and its past values and can show if there is a momentum factor associated with investing in Aster DM Healthcare.
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 Aster Stock
Aster DM financial ratios help investors to determine whether Aster 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 Aster with respect to the benefits of owning Aster DM security.