ASTELLAS PHARMA (Germany) Market Value
| YPHA Stock | EUR 9.30 0.05 0.54% |
| Symbol | ASTELLAS |
ASTELLAS PHARMA '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 ASTELLAS PHARMA'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 ASTELLAS PHARMA.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in ASTELLAS PHARMA on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding ASTELLAS PHARMA UNSPADR or generate 0.0% return on investment in ASTELLAS PHARMA over 330 days. ASTELLAS PHARMA is related to or competes with Johnson Johnson, Merck, Roche Holding, Amgen, Bayer AG, Bayer Aktiengesellscha, and CSPC PHARMACEUTGR. Astellas Pharma Inc. engages in the manufacture, marketing, import, and export of pharmaceuticals worldwide More
ASTELLAS PHARMA 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 ASTELLAS PHARMA'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 ASTELLAS PHARMA UNSPADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 1.94 |
ASTELLAS PHARMA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASTELLAS PHARMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASTELLAS PHARMA's standard deviation. In reality, there are many statistical measures that can use ASTELLAS PHARMA historical prices to predict the future ASTELLAS PHARMA's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 1.68 |
ASTELLAS PHARMA UNSPADR Backtested Returns
ASTELLAS PHARMA UNSPADR secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. ASTELLAS PHARMA UNSPADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASTELLAS PHARMA's risk adjusted performance of (0.10), and Mean Deviation of 1.3 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 ASTELLAS PHARMA are expected to decrease at a much lower rate. During the bear market, ASTELLAS PHARMA is likely to outperform the market. At this point, ASTELLAS PHARMA UNSPADR has a negative expected return of -0.21%. Please make sure to confirm ASTELLAS PHARMA's skewness, daily balance of power, day median price, as well as the relationship between the kurtosis and rate of daily change , to decide if ASTELLAS PHARMA UNSPADR performance from the past will be repeated at future time.
Auto-correlation | -0.67 |
Very good reverse predictability
ASTELLAS PHARMA UNSPADR has very good reverse predictability. Overlapping area represents the amount of predictability between ASTELLAS PHARMA time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 ASTELLAS PHARMA UNSPADR price movement. The serial correlation of -0.67 indicates that around 67.0% of current ASTELLAS PHARMA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
ASTELLAS PHARMA UNSPADR lagged returns against current returns
Autocorrelation, which is ASTELLAS PHARMA 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 ASTELLAS PHARMA's stock expected returns. We can calculate the autocorrelation of ASTELLAS PHARMA returns to help us make a trade decision. For example, suppose you find that ASTELLAS PHARMA 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 |
ASTELLAS PHARMA 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 ASTELLAS PHARMA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASTELLAS PHARMA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASTELLAS PHARMA stock over time.
Current vs Lagged Prices |
| Timeline |
ASTELLAS PHARMA Lagged Returns
When evaluating ASTELLAS PHARMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASTELLAS PHARMA stock have on its future price. ASTELLAS PHARMA 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, ASTELLAS PHARMA autocorrelation shows the relationship between ASTELLAS PHARMA stock current value and its past values and can show if there is a momentum factor associated with investing in ASTELLAS PHARMA UNSPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASTELLAS Stock
ASTELLAS PHARMA financial ratios help investors to determine whether ASTELLAS 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 ASTELLAS with respect to the benefits of owning ASTELLAS PHARMA security.