ASHTEAD CAP INC Market Value
| 045054AJ2 | 92.38 4.72 4.86% |
| Symbol | ASHTEAD |
ASHTEAD '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 ASHTEAD's bond 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 ASHTEAD.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in ASHTEAD on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding ASHTEAD CAP INC or generate 0.0% return on investment in ASHTEAD over 360 days. ASHTEAD is related to or competes with GAMCO Global, Fidus Investment, PennantPark Floating, Diamond Estates, and Brandywine Realty. More
ASHTEAD 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 ASHTEAD's bond 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 ASHTEAD CAP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5359 |
ASHTEAD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASHTEAD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASHTEAD's standard deviation. In reality, there are many statistical measures that can use ASHTEAD historical prices to predict the future ASHTEAD's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 1.43 |
ASHTEAD CAP INC Backtested Returns
ASHTEAD CAP INC secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. ASHTEAD CAP INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASHTEAD's Risk Adjusted Performance of (0.04), mean deviation of 0.2996, and Standard Deviation of 0.6701 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0333, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASHTEAD are expected to decrease at a much lower rate. During the bear market, ASHTEAD is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
ASHTEAD CAP INC has very weak reverse predictability. Overlapping area represents the amount of predictability between ASHTEAD time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 ASHTEAD CAP INC price movement. The serial correlation of -0.1 indicates that less than 10.0% of current ASHTEAD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
ASHTEAD CAP INC lagged returns against current returns
Autocorrelation, which is ASHTEAD bond'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 ASHTEAD's bond expected returns. We can calculate the autocorrelation of ASHTEAD returns to help us make a trade decision. For example, suppose you find that ASHTEAD has exhibited high autocorrelation historically, and you observe that the bond 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 |
ASHTEAD 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 ASHTEAD bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASHTEAD bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASHTEAD bond over time.
Current vs Lagged Prices |
| Timeline |
ASHTEAD Lagged Returns
When evaluating ASHTEAD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASHTEAD bond have on its future price. ASHTEAD 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, ASHTEAD autocorrelation shows the relationship between ASHTEAD bond current value and its past values and can show if there is a momentum factor associated with investing in ASHTEAD CAP INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in ASHTEAD Bond
ASHTEAD financial ratios help investors to determine whether ASHTEAD Bond 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 ASHTEAD with respect to the benefits of owning ASHTEAD security.