ASM International (Germany) Market Value
| AVS Stock | EUR 498.30 2.20 0.44% |
| Symbol | ASM |
ASM International '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 ASM International'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 ASM International.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in ASM International on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding ASM International NV or generate 0.0% return on investment in ASM International over 570 days. ASM International is related to or competes with Heartland Financial, Commonwealth Bank, Vishay Intertechnology, AECOM TECHNOLOGY, Micron Technology, and X Fab. ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and ... More
ASM International 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 ASM International'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 ASM International NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 18.63 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 3.47 |
ASM International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASM International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASM International's standard deviation. In reality, there are many statistical measures that can use ASM International historical prices to predict the future ASM International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.37) |
ASM International Backtested Returns
ASM International secures Sharpe Ratio (or Efficiency) of -0.097, which signifies that the company had a -0.097% return per unit of return volatility over the last 3 months. ASM International NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASM International's Mean Deviation of 1.89, coefficient of variation of (1,020), and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASM International's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASM International is expected to be smaller as well. At this point, ASM International has a negative expected return of -0.27%. Please make sure to confirm ASM International's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if ASM International performance from the past will be repeated at future time.
Auto-correlation | -0.34 |
Poor reverse predictability
ASM International NV has poor reverse predictability. Overlapping area represents the amount of predictability between ASM International time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 ASM International price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current ASM International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 3977.8 |
ASM International lagged returns against current returns
Autocorrelation, which is ASM International 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 ASM International's stock expected returns. We can calculate the autocorrelation of ASM International returns to help us make a trade decision. For example, suppose you find that ASM International 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 |
ASM International 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 ASM International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASM International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASM International stock over time.
Current vs Lagged Prices |
| Timeline |
ASM International Lagged Returns
When evaluating ASM International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASM International stock have on its future price. ASM International 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, ASM International autocorrelation shows the relationship between ASM International stock current value and its past values and can show if there is a momentum factor associated with investing in ASM International NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASM Stock
ASM International financial ratios help investors to determine whether ASM 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 ASM with respect to the benefits of owning ASM International security.