Ashoka WhiteOak (UK) Market Value
| AWEM Stock | 119.00 0.50 0.42% |
| Symbol | Ashoka |
Ashoka WhiteOak '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 Ashoka WhiteOak'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 Ashoka WhiteOak.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ashoka WhiteOak on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ashoka WhiteOak Emerging or generate 0.0% return on investment in Ashoka WhiteOak over 30 days. Ashoka WhiteOak is related to or competes with DXC Technology, Capital Drilling, Aeorema Communications, SBM Offshore, Made Tech, and Celebrus Technologies. Ashoka WhiteOak is entity of United Kingdom More
Ashoka WhiteOak 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 Ashoka WhiteOak'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 Ashoka WhiteOak Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8137 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.32 |
Ashoka WhiteOak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashoka WhiteOak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashoka WhiteOak's standard deviation. In reality, there are many statistical measures that can use Ashoka WhiteOak historical prices to predict the future Ashoka WhiteOak's volatility.| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.1214 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (1.73) |
Ashoka WhiteOak Emerging Backtested Returns
Currently, Ashoka WhiteOak Emerging is very steady. Ashoka WhiteOak Emerging secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ashoka WhiteOak Emerging, which you can use to evaluate the volatility of the firm. Please confirm Ashoka WhiteOak's mean deviation of 0.6049, and Risk Adjusted Performance of 0.0995 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Ashoka WhiteOak has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0657, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ashoka WhiteOak are expected to decrease at a much lower rate. During the bear market, Ashoka WhiteOak is likely to outperform the market. Ashoka WhiteOak Emerging right now shows a risk of 1.0%. Please confirm Ashoka WhiteOak Emerging coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Ashoka WhiteOak Emerging will be following its price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Ashoka WhiteOak Emerging has poor reverse predictability. Overlapping area represents the amount of predictability between Ashoka WhiteOak 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 Ashoka WhiteOak Emerging price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Ashoka WhiteOak price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Ashoka WhiteOak Emerging lagged returns against current returns
Autocorrelation, which is Ashoka WhiteOak 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 Ashoka WhiteOak's stock expected returns. We can calculate the autocorrelation of Ashoka WhiteOak returns to help us make a trade decision. For example, suppose you find that Ashoka WhiteOak 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 |
Ashoka WhiteOak 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 Ashoka WhiteOak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashoka WhiteOak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashoka WhiteOak stock over time.
Current vs Lagged Prices |
| Timeline |
Ashoka WhiteOak Lagged Returns
When evaluating Ashoka WhiteOak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashoka WhiteOak stock have on its future price. Ashoka WhiteOak 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, Ashoka WhiteOak autocorrelation shows the relationship between Ashoka WhiteOak stock current value and its past values and can show if there is a momentum factor associated with investing in Ashoka WhiteOak Emerging.
Regressed Prices |
| Timeline |
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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.Additional Tools for Ashoka Stock Analysis
When running Ashoka WhiteOak's price analysis, check to measure Ashoka WhiteOak'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 Ashoka WhiteOak is operating at the current time. Most of Ashoka WhiteOak's value examination focuses on studying past and present price action to predict the probability of Ashoka WhiteOak's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashoka WhiteOak's price. Additionally, you may evaluate how the addition of Ashoka WhiteOak to your portfolios can decrease your overall portfolio volatility.