Asml Holding Nv Stock Market Value
| ASMLF Stock | USD 888.91 0.00 0.00% |
| Symbol | ASML |
ASML Holding '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 ASML Holding's pink sheet 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 ASML Holding.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in ASML Holding on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding ASML Holding NV or generate 0.0% return on investment in ASML Holding over 30 days. ASML Holding is related to or competes with Sumco Corp, Disco Corp, SCREEN Holdings, Tokyo Electron, AIXTRON SE, BE Semiconductor, and Lasertec. ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting o... More
ASML Holding 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 ASML Holding's pink sheet 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 ASML Holding NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.42 |
ASML Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASML Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASML Holding's standard deviation. In reality, there are many statistical measures that can use ASML Holding historical prices to predict the future ASML Holding's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.1184 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0813 | |||
| Treynor Ratio | 0.1541 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASML Holding'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.
ASML Holding NV Backtested Returns
We consider ASML Holding very steady. ASML Holding NV secures Sharpe Ratio (or Efficiency) of 0.0329, which signifies that the company had a 0.0329% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ASML Holding NV, which you can use to evaluate the volatility of the firm. Please confirm ASML Holding's Semi Deviation of 1.95, risk adjusted performance of 0.079, and Mean Deviation of 1.78 to double-check if the risk estimate we provide is consistent with the expected return of 0.0715%. ASML Holding has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.72, 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, ASML Holding will likely underperform. ASML Holding NV currently shows a risk of 2.17%. Please confirm ASML Holding NV total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and rate of daily change , to decide if ASML Holding NV will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
ASML Holding NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASML Holding time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 ASML Holding NV price movement. The serial correlation of -0.17 indicates that over 17.0% of current ASML Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2092.86 |
ASML Holding NV lagged returns against current returns
Autocorrelation, which is ASML Holding pink sheet'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 ASML Holding's pink sheet expected returns. We can calculate the autocorrelation of ASML Holding returns to help us make a trade decision. For example, suppose you find that ASML Holding has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ASML Holding 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 ASML Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASML Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASML Holding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ASML Holding Lagged Returns
When evaluating ASML Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASML Holding pink sheet have on its future price. ASML Holding 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, ASML Holding autocorrelation shows the relationship between ASML Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASML Holding NV.
Regressed Prices |
| Timeline |
Pair Trading with ASML Holding
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASML Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASML Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with ASML Pink Sheet
| 0.99 | ASML | ASML Holding NV Financial Report 17th of July 2024 | PairCorr |
| 0.84 | AMAT | Applied Materials Financial Report 16th of May 2024 | PairCorr |
| 0.89 | LRCX | Lam Research Corp Financial Report 24th of July 2024 | PairCorr |
| 0.83 | KLAC | KLA Tencor Earnings Call Today | PairCorr |
Moving against ASML Pink Sheet
| 0.68 | ZTLLF | Zonetail | PairCorr |
| 0.5 | CSCO | Cisco Systems Aggressive Push | PairCorr |
The ability to find closely correlated positions to ASML Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASML Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASML Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASML Holding NV to buy it.
The correlation of ASML Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASML Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASML Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ASML Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ASML Holding Correlation, ASML Holding Volatility and ASML Holding Alpha and Beta module to complement your research on ASML Holding. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for ASML Pink Sheet analysis
When running ASML Holding's price analysis, check to measure ASML Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASML Holding is operating at the current time. Most of ASML Holding's value examination focuses on studying past and present price action to predict the probability of ASML Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASML Holding's price. Additionally, you may evaluate how the addition of ASML Holding to your portfolios can decrease your overall portfolio volatility.
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ASML Holding technical pink sheet 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, pink sheet market cycles, or different charting patterns.