Asure Software Stock Market Value
| ASUR Stock | USD 9.52 0.55 6.13% |
| Symbol | Asure |
Asure Software Price To Book Ratio
Is Application Software 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 Asure Software. If investors know Asure 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 Asure Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 4.496 | Quarterly Revenue Growth (0) | Return On Assets (0.02) | Return On Equity (0.06) |
The market value of Asure Software is measured differently than its book value, which is the value of Asure that is recorded on the company's balance sheet. Investors also form their own opinion of Asure Software's value that differs from its market value or its book value, called intrinsic value, which is Asure Software's 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 Asure Software's market value can be influenced by many factors that don't directly affect Asure Software's 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 Asure Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asure Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asure Software'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.
Asure Software '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 Asure Software'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 Asure Software.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Asure Software on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Asure Software or generate 0.0% return on investment in Asure Software over 30 days. Asure Software is related to or competes with Alkami Technology, Blackbaud, Enfusion, Clearwater Analytics, Expensify, Envestnet, and Issuer Direct. Asure Software, Inc. provides cloud-based human capital management solutions the United States More
Asure Software 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 Asure Software'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 Asure Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.0181 | |||
| Maximum Drawdown | 19.48 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.94 |
Asure Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asure Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asure Software's standard deviation. In reality, there are many statistical measures that can use Asure Software historical prices to predict the future Asure Software's volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | 0.1065 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asure Software's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asure Software Backtested Returns
Currently, Asure Software is somewhat reliable. Asure Software secures Sharpe Ratio (or Efficiency) of 0.0573, which signifies that the company had a 0.0573% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asure Software, which you can use to evaluate the volatility of the firm. Please confirm Asure Software's Downside Deviation of 3.35, mean deviation of 1.76, and Risk Adjusted Performance of 0.0455 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Asure Software has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.3, 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, Asure Software will likely underperform. Asure Software right now shows a risk of 3.07%. Please confirm Asure Software potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Asure Software will be following its price patterns.
Auto-correlation | 0.41 |
Average predictability
Asure Software has average predictability. Overlapping area represents the amount of predictability between Asure Software time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Asure Software price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Asure Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Asure Software lagged returns against current returns
Autocorrelation, which is Asure Software 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 Asure Software's stock expected returns. We can calculate the autocorrelation of Asure Software returns to help us make a trade decision. For example, suppose you find that Asure Software 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 |
Asure Software 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 Asure Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asure Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asure Software stock over time.
Current vs Lagged Prices |
| Timeline |
Asure Software Lagged Returns
When evaluating Asure Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asure Software stock have on its future price. Asure Software 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, Asure Software autocorrelation shows the relationship between Asure Software stock current value and its past values and can show if there is a momentum factor associated with investing in Asure Software.
Regressed Prices |
| Timeline |
Pair Trading with Asure Software
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asure Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asure Software will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Asure Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asure Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asure Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asure Software to buy it.
The correlation of Asure Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asure Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asure Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asure Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Asure Stock Analysis
When running Asure Software's price analysis, check to measure Asure Software'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 Asure Software is operating at the current time. Most of Asure Software's value examination focuses on studying past and present price action to predict the probability of Asure Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asure Software's price. Additionally, you may evaluate how the addition of Asure Software to your portfolios can decrease your overall portfolio volatility.