ASURE SOFTWARE (Germany) Market Value
| VTE1 Stock | EUR 9.20 0.10 1.10% |
| Symbol | ASURE |
ASURE SOFTWARE '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 ASURE SOFTWARE'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 ASURE SOFTWARE.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in ASURE SOFTWARE on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding ASURE SOFTWARE or generate 0.0% return on investment in ASURE SOFTWARE over 660 days. ASURE SOFTWARE is related to or competes with PennyMac Mortgage, Autohome, Bet-at-home, Aedas Homes, Apollo Investment, and AOYAMA TRADING. More
ASURE SOFTWARE 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 ASURE SOFTWARE'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 ASURE SOFTWARE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 15.12 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 5.16 |
ASURE SOFTWARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASURE SOFTWARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASURE SOFTWARE's standard deviation. In reality, there are many statistical measures that can use ASURE SOFTWARE historical prices to predict the future ASURE SOFTWARE's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.0827 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.055 | |||
| Treynor Ratio | 0.176 |
ASURE SOFTWARE Backtested Returns
ASURE SOFTWARE appears to be somewhat reliable, given 3 months investment horizon. ASURE SOFTWARE secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ASURE SOFTWARE, which you can use to evaluate the volatility of the firm. Please makes use of ASURE SOFTWARE's mean deviation of 1.95, and Risk Adjusted Performance of 0.0895 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASURE SOFTWARE holds a performance score of 8. The firm shows a Beta (market volatility) of 1.71, 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, ASURE SOFTWARE will likely underperform. Please check ASURE SOFTWARE's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether ASURE SOFTWARE's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
ASURE SOFTWARE has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASURE SOFTWARE time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 ASURE SOFTWARE price movement. The serial correlation of -0.11 indicates that less than 11.0% of current ASURE SOFTWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
ASURE SOFTWARE lagged returns against current returns
Autocorrelation, which is ASURE SOFTWARE 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 ASURE SOFTWARE's stock expected returns. We can calculate the autocorrelation of ASURE SOFTWARE returns to help us make a trade decision. For example, suppose you find that ASURE SOFTWARE 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 |
ASURE SOFTWARE 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 ASURE SOFTWARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASURE SOFTWARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASURE SOFTWARE stock over time.
Current vs Lagged Prices |
| Timeline |
ASURE SOFTWARE Lagged Returns
When evaluating ASURE SOFTWARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASURE SOFTWARE stock have on its future price. ASURE SOFTWARE 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, ASURE SOFTWARE autocorrelation shows the relationship between ASURE SOFTWARE stock current value and its past values and can show if there is a momentum factor associated with investing in ASURE SOFTWARE.
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.Additional Information and Resources on Investing in ASURE Stock
When determining whether ASURE SOFTWARE is a strong investment it is important to analyze ASURE SOFTWARE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ASURE SOFTWARE's future performance. For an informed investment choice regarding ASURE Stock, refer to the following important reports:Check out ASURE SOFTWARE Correlation, ASURE SOFTWARE Volatility and ASURE SOFTWARE Alpha and Beta module to complement your research on ASURE SOFTWARE. For information on how to trade ASURE Stock refer to our How to Trade ASURE Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
ASURE SOFTWARE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.