Austin Engineering Limited Stock Market Value
| AUSTF Stock | USD 0.30 0.00 0.00% |
| Symbol | Austin |
Austin Engineering '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 Austin Engineering'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 Austin Engineering.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Austin Engineering on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Austin Engineering Limited or generate 0.0% return on investment in Austin Engineering over 720 days. Austin Engineering is related to or competes with Lion Electric, Nikola Corp, Buhler Industries, Toyota Industries, AmeraMex International, Hydrofarm Holdings, and Gencor Industries. Austin Engineering Limited, together with its subsidiaries, engages in the manufacture, repair, overhaul, and supply of ... More
Austin Engineering 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 Austin Engineering'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 Austin Engineering Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 68.68 |
Austin Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austin Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austin Engineering's standard deviation. In reality, there are many statistical measures that can use Austin Engineering historical prices to predict the future Austin Engineering's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Austin Engineering'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.
Austin Engineering Backtested Returns
Austin Engineering secures Sharpe Ratio (or Efficiency) of -0.0278, which signifies that the company had a -0.0278% return per unit of risk over the last 3 months. Austin Engineering Limited exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Austin Engineering's Mean Deviation of 1.24, standard deviation of 6.15, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.23, 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, Austin Engineering will likely underperform. At this point, Austin Engineering has a negative expected return of -0.17%. Please make sure to confirm Austin Engineering's information ratio and rate of daily change , to decide if Austin Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Austin Engineering Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Austin Engineering time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Austin Engineering price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Austin Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Austin Engineering lagged returns against current returns
Autocorrelation, which is Austin Engineering 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 Austin Engineering's pink sheet expected returns. We can calculate the autocorrelation of Austin Engineering returns to help us make a trade decision. For example, suppose you find that Austin Engineering 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 |
Austin Engineering 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 Austin Engineering pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austin Engineering pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austin Engineering pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Austin Engineering Lagged Returns
When evaluating Austin Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austin Engineering pink sheet have on its future price. Austin Engineering 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, Austin Engineering autocorrelation shows the relationship between Austin Engineering pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Austin Engineering Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Austin Pink Sheet
Austin Engineering financial ratios help investors to determine whether Austin 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 Austin with respect to the benefits of owning Austin Engineering security.