ASMVY OTC Stock Market Value

ASMVY -  USA Stock  

USD 35.80  0.31  0.87%

ASM PAC's market value is the price at which a share of ASM PAC stock trades on a public exchange. It measures the collective expectations of ASM PAC TECHNOLOGY investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of ASM PAC TECHNOLOGY and determine expected loss or profit from investing in ASM PAC over a given investment horizon. Please continue to ASM PAC Hype Analysis, ASM PAC Correlation, ASM PAC Valuation, ASM PAC Volatility, as well as analyze ASM PAC Alpha and Beta and ASM PAC Performance.
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Backtest


The market value of ASM PAC TECHNOLOGY is measured differently than its book value, which is the value of ASMVY that is recorded on the company's balance sheet. Investors also form their own opinion of ASM PAC's value that differs from its market value or its book value, called intrinsic value, which is ASM PAC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASM PAC's market value can be influenced by many factors that don't directly affect ASM PAC TECHNOLOGY underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASM PAC's value and its price as these two are different measures arrived at by different means. Investors typically determine ASM PAC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASM PAC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

ASM PAC '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 ASM PAC's otc 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 ASM PAC.
0.00
12/28/2020
No Change 0.00  0.0 
In 8 months and 28 days
09/24/2021
0.00
If you would invest  0.00  in ASM PAC on December 28, 2020 and sell it all today you would earn a total of 0.00 from holding ASM PAC TECHNOLOGY or generate 0.0% return on investment in ASM PAC over 270 days. ASM PAC is related to or competes with Asml Hld, Applied Materials, Lam Research, K L, Entegris, Ipg Photonics, and Brooks Automation. ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of mach...

ASM PAC 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 ASM PAC's otc 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 ASM PAC TECHNOLOGY upside and downside potential and time the market with a certain degree of confidence.

ASM PAC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ASM PAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASM PAC's standard deviation. In reality, there are many statistical measures that can use ASM PAC historical prices to predict the future ASM PAC's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ASM PAC'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. Please use the tools below to analyze the current value of ASM PAC in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
33.6235.8037.98
Details
Intrinsic
Valuation
LowReal ValueHigh
35.4337.6139.79
Details
Naive
Forecast
LowNext ValueHigh
33.4635.6437.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
34.0435.4036.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ASM PAC. Your research has to be compared to or analyzed against ASM PAC's peers to derive any actionable benefits. When done correctly, ASM PAC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in ASM PAC TECHNOLOGY.

ASM PAC TECHNOLOGY Backtested Returns

ASM PAC TECHNOLOGY secures Sharpe Ratio (or Efficiency) of -0.0724, which signifies that the company had -0.0724% of return per unit of return volatility over the last 3 months. Macroaxis viewpoint regarding foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ASM PAC TECHNOLOGY exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ASM PAC TECHNOLOGY mean deviation of 1.72, and Risk Adjusted Performance of (0.019539) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.0012, which signifies not very significant fluctuations relative to the market. Let's try to break down what ASMVY's beta means in this case. As returns on the market increase, returns on owning ASM PAC are expected to decrease at a much lower rate. During the bear market, ASM PAC is likely to outperform the market. Even though it is essential to pay attention to ASM PAC TECHNOLOGY historical returns, it is always good to be careful when utilizing equity current trending patterns. Our way of foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ASM PAC TECHNOLOGY exposes twenty-one different technical indicators, which can help you to evaluate its performance. ASM PAC TECHNOLOGY has an expected return of -0.16%. Please be advised to confirm ASM PAC TECHNOLOGY downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if ASM PAC TECHNOLOGY performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.02)   

Very weak reverse predictability

ASM PAC TECHNOLOGY has very weak reverse predictability. Overlapping area represents the amount of predictability between ASM PAC time series from 28th of December 2020 to 12th of May 2021 and 12th of May 2021 to 24th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ASM PAC TECHNOLOGY price movement. The serial correlation of -0.02 indicates that only 2.0% of current ASM PAC price fluctuation can be explain by its past prices. Given that ASM PAC TECHNOLOGY has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ASM PAC for similar time interval.
Correlation Coefficient-0.02
Spearman Rank Test-0.16
Residual Average0.0
Price Variance4.97

ASM PAC TECHNOLOGY lagged returns against current returns

Autocorrelation, which is ASM PAC otc 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 ASM PAC's otc stock expected returns. We can calculate the autocorrelation of ASM PAC returns to help us make a trade decision. For example, suppose you find that ASM PAC otc stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

ASM PAC 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 ASM PAC otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASM PAC otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASM PAC otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

ASM PAC Lagged Returns

When evaluating ASM PAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASM PAC otc stock have on its future price. ASM PAC 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, ASM PAC autocorrelation shows the relationship between ASM PAC otc stock current value and its past values and can show if there is a momentum factor associated with investing in ASM PAC TECHNOLOGY.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASM PAC without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with ASM PAC

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 ASM PAC 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 ASM PAC will appreciate offsetting losses from the drop in the long position's value.

ASM PAC Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for ASM PAC and Asml Hld NY. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to ASM PAC Hype Analysis, ASM PAC Correlation, ASM PAC Valuation, ASM PAC Volatility, as well as analyze ASM PAC Alpha and Beta and ASM PAC Performance. Note that the ASM PAC TECHNOLOGY information on this page should be used as a complementary analysis to other ASM PAC'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for ASMVY OTC Stock analysis

When running ASM PAC TECHNOLOGY price analysis, check to measure ASM PAC'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 ASM PAC is operating at the current time. Most of ASM PAC's value examination focuses on studying past and present price action to predict the probability of ASM PAC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ASM PAC's price. Additionally, you may evaluate how the addition of ASM PAC to your portfolios can decrease your overall portfolio volatility.
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ASM PAC technical otc stock 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, stock market cycles, or different charting patterns.
A focus of ASM PAC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ASM PAC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...