ASPEN TECHINC (Germany) Market Value
| YV0 Stock | 250.00 2.00 0.79% |
| Symbol | ASPEN |
ASPEN TECHINC '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 TECHINC'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 TECHINC.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in ASPEN TECHINC on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding ASPEN TECHINC DL or generate 0.0% return on investment in ASPEN TECHINC over 720 days. ASPEN TECHINC is related to or competes with Salesforce, S A P, Nemetschek, Workiva, TeamViewer, PagerDuty, and Rocket Internet. More
ASPEN TECHINC 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 TECHINC'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 TECHINC DL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1242 | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.75 |
ASPEN TECHINC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASPEN TECHINC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASPEN TECHINC's standard deviation. In reality, there are many statistical measures that can use ASPEN TECHINC historical prices to predict the future ASPEN TECHINC's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.15 | |||
| Total Risk Alpha | 0.1482 | |||
| Sortino Ratio | 0.1291 | |||
| Treynor Ratio | 12.1 |
ASPEN TECHINC DL Backtested Returns
At this point, ASPEN TECHINC is very steady. ASPEN TECHINC DL secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14 % return per unit of risk over the last 3 months. We have found thirty technical indicators for ASPEN TECHINC DL, which you can use to evaluate the volatility of the firm. Please confirm ASPEN TECHINC's mean deviation of 0.8752, and Risk Adjusted Performance of 0.0986 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. ASPEN TECHINC has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0124, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASPEN TECHINC's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASPEN TECHINC is expected to be smaller as well. ASPEN TECHINC DL currently shows a risk of 1.12%. Please confirm ASPEN TECHINC DL sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if ASPEN TECHINC DL will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
ASPEN TECHINC DL has very weak predictability. Overlapping area represents the amount of predictability between ASPEN TECHINC time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. 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 TECHINC DL price movement. The serial correlation of 0.17 indicates that over 17.0% of current ASPEN TECHINC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 633.62 |
ASPEN TECHINC DL lagged returns against current returns
Autocorrelation, which is ASPEN TECHINC 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 TECHINC's stock expected returns. We can calculate the autocorrelation of ASPEN TECHINC returns to help us make a trade decision. For example, suppose you find that ASPEN TECHINC 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 TECHINC 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 TECHINC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASPEN TECHINC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASPEN TECHINC stock over time.
Current vs Lagged Prices |
| Timeline |
ASPEN TECHINC Lagged Returns
When evaluating ASPEN TECHINC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASPEN TECHINC stock have on its future price. ASPEN TECHINC 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 TECHINC autocorrelation shows the relationship between ASPEN TECHINC stock current value and its past values and can show if there is a momentum factor associated with investing in ASPEN TECHINC DL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASPEN Stock
ASPEN TECHINC 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 TECHINC security.