Asm International Nv Stock Market Value
| ASMXF Stock | USD 599.90 37.15 5.83% |
| Symbol | ASM |
ASM International '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 International'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 ASM International.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in ASM International on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding ASM International NV or generate 0.0% return on investment in ASM International over 30 days. ASM International is related to or competes with Lasertec, Tokyo Electron, Tokyo Electron, BE Semiconductor, Lasertec, Asm Pacific, and Ichor Holdings. ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and ... More
ASM International 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 International'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 ASM International NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0957 | |||
| Maximum Drawdown | 26.2 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.64 |
ASM International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASM International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASM International's standard deviation. In reality, there are many statistical measures that can use ASM International historical prices to predict the future ASM International's volatility.| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | 0.3745 | |||
| Total Risk Alpha | 0.0613 | |||
| Sortino Ratio | 0.093 | |||
| Treynor Ratio | (1.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASM International'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.
ASM International Backtested Returns
ASM International appears to be very steady, given 3 months investment horizon. ASM International secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ASM International NV, which you can use to evaluate the volatility of the firm. Please makes use of ASM International's Risk Adjusted Performance of 0.0806, mean deviation of 1.38, and Semi Deviation of 1.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASM International holds a performance score of 9. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASM International are expected to decrease at a much lower rate. During the bear market, ASM International is likely to outperform the market. Please check ASM International's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether ASM International's price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
ASM International NV has modest reverse predictability. Overlapping area represents the amount of predictability between ASM International time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 ASM International price movement. The serial correlation of -0.49 indicates that about 49.0% of current ASM International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 136.54 |
ASM International lagged returns against current returns
Autocorrelation, which is ASM International 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 ASM International's pink sheet expected returns. We can calculate the autocorrelation of ASM International returns to help us make a trade decision. For example, suppose you find that ASM International 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 |
ASM International 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 International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASM International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASM International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ASM International Lagged Returns
When evaluating ASM International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASM International pink sheet have on its future price. ASM International 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 International autocorrelation shows the relationship between ASM International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ASM International NV.
Regressed Prices |
| Timeline |
Pair Trading with ASM International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.Moving together with ASM Pink Sheet
| 0.89 | ASML | ASML Holding NV Financial Report 17th of July 2024 | PairCorr |
| 0.94 | ASMLF | ASML Holding NV | PairCorr |
| 0.82 | AMAT | Applied Materials Financial Report 16th of May 2024 | PairCorr |
| 0.82 | LRCX | Lam Research Corp Earnings Call This Week | PairCorr |
| 0.76 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to ASM International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASM International 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 ASM International - 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 ASM International NV to buy it.
The correlation of ASM International 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 ASM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASM International 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 ASM International 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 ASM International Correlation, ASM International Volatility and ASM International Alpha and Beta module to complement your research on ASM International. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for ASM Pink Sheet analysis
When running ASM International's price analysis, check to measure ASM International'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 International is operating at the current time. Most of ASM International's value examination focuses on studying past and present price action to predict the probability of ASM International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASM International's price. Additionally, you may evaluate how the addition of ASM International to your portfolios can decrease your overall portfolio volatility.
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ASM International 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.