Asics Stock Market Value
| ASCCF Stock | USD 46.00 0.00 0.00% |
| Symbol | ASICS |
ASICS '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 ASICS'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 ASICS.
| 02/03/2023 |
| 04/28/2024 |
If you would invest 0.00 in ASICS on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding ASICS or generate 0.0% return on investment in ASICS over 450 days. ASICS is related to or competes with American Rebel, Nike, and Skechers USA. ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia,... More
ASICS 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 ASICS'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 ASICS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1692 | |||
| Maximum Drawdown | 28.08 | |||
| Potential Upside | 1.29 |
ASICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASICS's standard deviation. In reality, there are many statistical measures that can use ASICS historical prices to predict the future ASICS's volatility.| Risk Adjusted Performance | 0.1289 | |||
| Jensen Alpha | 0.6727 | |||
| Total Risk Alpha | 0.2363 | |||
| Treynor Ratio | 1.59 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASICS'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.
ASICS Backtested Returns
ASICS appears to be very steady, given 3 months investment horizon. ASICS secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of return volatility over the last 3 months. By reviewing ASICS's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of ASICS's Mean Deviation of 1.39, risk adjusted performance of 0.1289, and Coefficient Of Variation of 517.46 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASICS holds a performance score of 15. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASICS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASICS is expected to be smaller as well. Please check ASICS's potential upside, and the relationship between the information ratio and rate of daily change , to make a quick decision on whether ASICS's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
ASICS has good predictability. Overlapping area represents the amount of predictability between ASICS time series from 3rd of February 2023 to 16th of September 2023 and 16th of September 2023 to 28th 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 ASICS price movement. The serial correlation of 0.74 indicates that around 74.0% of current ASICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 28.77 |
ASICS lagged returns against current returns
Autocorrelation, which is ASICS 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 ASICS's pink sheet expected returns. We can calculate the autocorrelation of ASICS returns to help us make a trade decision. For example, suppose you find that ASICS 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 |
ASICS 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 ASICS pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASICS pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASICS pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ASICS Lagged Returns
When evaluating ASICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASICS pink sheet have on its future price. ASICS 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, ASICS autocorrelation shows the relationship between ASICS pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASICS.
Regressed Prices |
| Timeline |
Pair Trading with ASICS
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 ASICS 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 ASICS will appreciate offsetting losses from the drop in the long position's value.Moving together with ASICS Pink Sheet
| 0.82 | ADDYY | Adidas AG ADR Earnings Call This Week | PairCorr |
| 0.72 | PMMAF | Puma SE | PairCorr |
| 0.76 | ONON | On Holding Financial Report 21st of May 2024 | PairCorr |
Moving against ASICS Pink Sheet
| 0.73 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.44 | BIRK | Birkenstock Holding plc | PairCorr |
The ability to find closely correlated positions to ASICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASICS 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 ASICS - 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 ASICS to buy it.
The correlation of ASICS 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 ASICS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASICS 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 ASICS 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 ASICS Correlation, ASICS Volatility and ASICS Alpha and Beta module to complement your research on ASICS. Note that the ASICS information on this page should be used as a complementary analysis to other ASICS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for ASICS Pink Sheet analysis
When running ASICS's price analysis, check to measure ASICS'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 ASICS is operating at the current time. Most of ASICS's value examination focuses on studying past and present price action to predict the probability of ASICS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASICS's price. Additionally, you may evaluate how the addition of ASICS to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |
ASICS 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.