Aspen Technology Stock Market Value
| AZPN Stock | USD 197.08 1.39 0.70% |
| Symbol | Aspen |
Aspen Technology Price To Book Ratio
Is Aspen Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aspen Technology. If investors know Aspen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aspen Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Earnings Share (1.35) | Revenue Per Share 16.424 | Quarterly Revenue Growth 0.059 | Return On Assets (0.01) |
The market value of Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.
Aspen Technology '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 Aspen Technology's 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 Aspen Technology.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Aspen Technology on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Aspen Technology or generate 0.0% return on investment in Aspen Technology over 270 days. Aspen Technology is related to or competes with C3 Ai, Shopify, Snowflake, and ServiceNow. Aspen Technology, Inc. provides enterprise asset performance management, asset performance monitoring, and asset optimiz... More
Aspen Technology 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 Aspen Technology's 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 Aspen Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.01 |
Aspen Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspen Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspen Technology's standard deviation. In reality, there are many statistical measures that can use Aspen Technology historical prices to predict the future Aspen Technology's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0073 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aspen Technology'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.
Aspen Technology Backtested Returns
Aspen Technology secures Sharpe Ratio (or Efficiency) of -0.0207, which signifies that the company had a -0.0207% return per unit of risk over the last 3 months. Aspen Technology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aspen Technology's Downside Deviation of 2.11, mean deviation of 1.47, and Risk Adjusted Performance of 0.0137 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.68, 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, Aspen Technology will likely underperform. Aspen Technology has an expected return of -0.0418%. Please make sure to confirm Aspen Technology semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Aspen Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Aspen Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Aspen Technology time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 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 Aspen Technology price movement. The serial correlation of -0.5 indicates that about 50.0% of current Aspen Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 113.35 |
Aspen Technology lagged returns against current returns
Autocorrelation, which is Aspen Technology 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 Aspen Technology's stock expected returns. We can calculate the autocorrelation of Aspen Technology returns to help us make a trade decision. For example, suppose you find that Aspen Technology 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aspen Technology 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 Aspen Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspen Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspen Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Aspen Technology Lagged Returns
When evaluating Aspen Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspen Technology stock have on its future price. Aspen Technology 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, Aspen Technology autocorrelation shows the relationship between Aspen Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Aspen Technology.
Regressed Prices |
| Timeline |
Pair Trading with Aspen Technology
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 Aspen Technology 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 Aspen Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aspen Stock
| 0.62 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
Moving against Aspen Stock
| 0.63 | QH | QuhuoLtd | PairCorr |
| 0.61 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.56 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.52 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.5 | ZI | ZoomInfo Technologies Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aspen Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Technology 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 Aspen Technology - 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 Aspen Technology to buy it.
The correlation of Aspen Technology 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 Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Aspen Technology 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 Aspen Technology Correlation, Aspen Technology Volatility and Aspen Technology Alpha and Beta module to complement your research on Aspen Technology. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.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 Aspen Stock analysis
When running Aspen Technology's price analysis, check to measure Aspen Technology'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 Aspen Technology is operating at the current time. Most of Aspen Technology's value examination focuses on studying past and present price action to predict the probability of Aspen Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Technology's price. Additionally, you may evaluate how the addition of Aspen Technology to your portfolios can decrease your overall portfolio volatility.
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Aspen Technology technical 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.