ASPEN PHARUNADR (Germany) Market Value
| LDZU Stock | EUR 8.55 0.05 0.59% |
| Symbol | ASPEN |
ASPEN PHARUNADR '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 ASPEN PHARUNADR'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 ASPEN PHARUNADR.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ASPEN PHARUNADR on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ASPEN PHARUNADR 1 or generate 0.0% return on investment in ASPEN PHARUNADR over 180 days. ASPEN PHARUNADR is related to or competes with Broadwind, Universal Insurance, Selective Insurance, Gold Road, Ping An, TRAINLINE PLC, and Goosehead Insurance. Aspen Pharmacare Holdings Limited, together with its subsidiaries, manufactures and supplies specialty, branded, and gen... More
ASPEN PHARUNADR 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 ASPEN PHARUNADR'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 ASPEN PHARUNADR 1 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.7 |
ASPEN PHARUNADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASPEN PHARUNADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASPEN PHARUNADR's standard deviation. In reality, there are many statistical measures that can use ASPEN PHARUNADR historical prices to predict the future ASPEN PHARUNADR's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 3.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASPEN PHARUNADR'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.
ASPEN PHARUNADR 1 Backtested Returns
ASPEN PHARUNADR 1 secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. ASPEN PHARUNADR 1 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASPEN PHARUNADR's risk adjusted performance of (0.13), and Mean Deviation of 1.35 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASPEN PHARUNADR are expected to decrease at a much lower rate. During the bear market, ASPEN PHARUNADR is likely to outperform the market. At this point, ASPEN PHARUNADR 1 has a negative expected return of -0.42%. Please make sure to confirm ASPEN PHARUNADR's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if ASPEN PHARUNADR 1 performance from the past will be repeated at future time.
Auto-correlation | -0.16 |
Insignificant reverse predictability
ASPEN PHARUNADR 1 has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASPEN PHARUNADR time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 ASPEN PHARUNADR 1 price movement. The serial correlation of -0.16 indicates that over 16.0% of current ASPEN PHARUNADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
ASPEN PHARUNADR 1 lagged returns against current returns
Autocorrelation, which is ASPEN PHARUNADR 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 ASPEN PHARUNADR's stock expected returns. We can calculate the autocorrelation of ASPEN PHARUNADR returns to help us make a trade decision. For example, suppose you find that ASPEN PHARUNADR 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 |
ASPEN PHARUNADR 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 ASPEN PHARUNADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASPEN PHARUNADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASPEN PHARUNADR stock over time.
Current vs Lagged Prices |
| Timeline |
ASPEN PHARUNADR Lagged Returns
When evaluating ASPEN PHARUNADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASPEN PHARUNADR stock have on its future price. ASPEN PHARUNADR 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, ASPEN PHARUNADR autocorrelation shows the relationship between ASPEN PHARUNADR stock current value and its past values and can show if there is a momentum factor associated with investing in ASPEN PHARUNADR 1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASPEN Stock
ASPEN PHARUNADR financial ratios help investors to determine whether ASPEN 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 ASPEN with respect to the benefits of owning ASPEN PHARUNADR security.