Asics Corp Adr Stock Market Value
| ASCCY Stock | USD 43.26 0.43 1.00% |
| Symbol | Asics |
Asics Corp '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 Corp'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 Corp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Asics Corp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Asics Corp ADR or generate 0.0% return on investment in Asics Corp over 30 days. Asics Corp is related to or competes with American Rebel, Nike, Skechers USA, Deckers Outdoor, and Steven Madden. ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia,... More
Asics Corp 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 Corp'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 Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.1743 | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 4.72 |
Asics Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asics Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asics Corp's standard deviation. In reality, there are many statistical measures that can use Asics Corp historical prices to predict the future Asics Corp's volatility.| Risk Adjusted Performance | 0.1363 | |||
| Jensen Alpha | 0.4617 | |||
| Total Risk Alpha | 0.1966 | |||
| Sortino Ratio | 0.2172 | |||
| Treynor Ratio | 0.6326 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asics Corp'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 Corp ADR Backtested Returns
Asics Corp appears to be very steady, given 3 months investment horizon. Asics Corp ADR secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Asics Corp's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of Asics Corp's Mean Deviation of 2.03, downside deviation of 2.07, and Risk Adjusted Performance of 0.1363 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asics Corp holds a performance score of 17. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asics Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asics Corp is expected to be smaller as well. Please check Asics Corp's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Asics Corp's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Asics Corp ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between Asics Corp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Corp ADR price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Asics Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 |
Asics Corp ADR lagged returns against current returns
Autocorrelation, which is Asics Corp 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 Corp's pink sheet expected returns. We can calculate the autocorrelation of Asics Corp returns to help us make a trade decision. For example, suppose you find that Asics Corp 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 Corp 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 Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asics Corp 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 Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asics Corp Lagged Returns
When evaluating Asics Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asics Corp pink sheet have on its future price. Asics Corp 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 Corp autocorrelation shows the relationship between Asics Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asics Corp ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asics Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asics Corp's short interest history, or implied volatility extrapolated from Asics Corp options trading.
Pair Trading with Asics Corp
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 Corp 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 Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Asics Pink Sheet
| 0.83 | ADDYY | Adidas AG ADR Earnings Call This Week | PairCorr |
| 0.7 | DECK | Deckers Outdoor Financial Report 23rd of May 2024 | PairCorr |
| 0.91 | ONON | On Holding Financial Report 21st of May 2024 | PairCorr |
Moving against Asics Pink Sheet
| 0.86 | HNRC | Houston Natural Resources | PairCorr |
| 0.64 | NKE | Nike Inc Sell-off Trend | PairCorr |
| 0.56 | MCAE | Mountain Crest Acqui | PairCorr |
The ability to find closely correlated positions to Asics Corp 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 Corp 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 Corp - 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 Corp ADR to buy it.
The correlation of Asics Corp 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asics Corp ADR 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 Corp 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 Corp Correlation, Asics Corp Volatility and Asics Corp Alpha and Beta module to complement your research on Asics Corp. Note that the Asics Corp ADR information on this page should be used as a complementary analysis to other Asics Corp'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Asics Pink Sheet analysis
When running Asics Corp's price analysis, check to measure Asics Corp'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 Corp is operating at the current time. Most of Asics Corp's value examination focuses on studying past and present price action to predict the probability of Asics Corp'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 Corp's price. Additionally, you may evaluate how the addition of Asics Corp to your portfolios can decrease your overall portfolio volatility.
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Asics Corp 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.