Asker Healthcare (Sweden) Market Value
| ASKER Stock | 127.48 1.60 1.27% |
| Symbol | Asker |
Asker Healthcare '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 Asker Healthcare'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 Asker Healthcare.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Asker Healthcare on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Asker Healthcare or generate 0.0% return on investment in Asker Healthcare over 90 days.
Asker Healthcare 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 Asker Healthcare'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 Asker Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.1578 | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.97 |
Asker Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asker Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asker Healthcare's standard deviation. In reality, there are many statistical measures that can use Asker Healthcare historical prices to predict the future Asker Healthcare's volatility.| Risk Adjusted Performance | 0.2058 | |||
| Jensen Alpha | 0.5467 | |||
| Total Risk Alpha | 0.1755 | |||
| Sortino Ratio | 0.1764 | |||
| Treynor Ratio | (3.79) |
Asker Healthcare Backtested Returns
Asker Healthcare appears to be very steady, given 3 months investment horizon. Asker Healthcare secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21 % return per unit of risk over the last 3 months. By analyzing Asker Healthcare's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Asker Healthcare's Downside Deviation of 2.25, risk adjusted performance of 0.2058, and Mean Deviation of 1.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asker Healthcare holds a performance score of 16. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asker Healthcare are expected to decrease at a much lower rate. During the bear market, Asker Healthcare is likely to outperform the market. Please check Asker Healthcare's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Asker Healthcare's price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Asker Healthcare has modest reverse predictability. Overlapping area represents the amount of predictability between Asker Healthcare time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Asker Healthcare price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Asker Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 12.98 |
Asker Healthcare lagged returns against current returns
Autocorrelation, which is Asker Healthcare 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 Asker Healthcare's stock expected returns. We can calculate the autocorrelation of Asker Healthcare returns to help us make a trade decision. For example, suppose you find that Asker Healthcare 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 |
Asker Healthcare 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 Asker Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asker Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asker Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Asker Healthcare Lagged Returns
When evaluating Asker Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asker Healthcare stock have on its future price. Asker Healthcare 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, Asker Healthcare autocorrelation shows the relationship between Asker Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Asker Healthcare.
Regressed Prices |
| Timeline |
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Additional Tools for Asker Stock Analysis
When running Asker Healthcare's price analysis, check to measure Asker Healthcare'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 Asker Healthcare is operating at the current time. Most of Asker Healthcare's value examination focuses on studying past and present price action to predict the probability of Asker Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asker Healthcare's price. Additionally, you may evaluate how the addition of Asker Healthcare to your portfolios can decrease your overall portfolio volatility.