Advanced Drainage (Germany) Price on November 3, 2023

6DA Stock  EUR 110.60  0.60  0.55%   
If you're considering investing in Advanced Stock, it is important to understand the factors that can impact its price. As of today, the current price of Advanced Drainage stands at 110.60, as last reported on the 23rd of December, with the highest price reaching 111.60 and the lowest price hitting 109.70 during the day. Advanced Drainage Systems secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Advanced Drainage Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Drainage's Mean Deviation of 1.55, standard deviation of 2.44, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
  
Advanced Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1206

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Estimated Market Risk

 2.45
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.3
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Advanced Drainage is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Advanced Drainage by adding Advanced Drainage to a well-diversified portfolio.

Advanced Drainage Valuation on November 3, 2023

It is possible to determine the worth of Advanced Drainage on a given historical date. On November 3, 2023 Advanced was worth 98.35 at the beginning of the trading date compared to the closed value of 103.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Advanced Drainage stock. Still, in general, we apply an absolute valuation method to find Advanced Drainage's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Advanced Drainage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Advanced Drainage's related companies.
 Open High Low Close Volume
  99.64    104.81    97.95    99.05    1.00  
11/03/2023
  98.35    106.41    98.35    103.22    80.00  
  102.63    104.22    102.23    102.23    1.00  
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Open Value
98.35
103.22
Closing Value
105.70
Upside

Advanced Drainage Trading Date Momentum on November 3, 2023

On November 06 2023 Advanced Drainage Systems was traded for  102.23  at the closing time. The highest daily price throughout the period was 104.22  and the lowest price was  102.23 . There was no trading activity during the period 1.0. Lack of trading volume on 11/06/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 0.96% . The overall trading delta to current closing price is 0.19% .

Advanced Drainage Systems Fundamentals Correlations and Trends

By evaluating Advanced Drainage's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Advanced Drainage's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Advanced financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Advanced Drainage Stock history

Advanced Drainage investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Advanced is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Advanced Drainage Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Advanced Drainage stock prices may prove useful in developing a viable investing in Advanced Drainage
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States and internationally. Advanced Drainage Systems, Inc. was founded in 1966 and is headquartered in Hilliard, Ohio. Advanced Drainage operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4400 people.

Advanced Drainage Stock Technical Analysis

Advanced Drainage 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.
A focus of Advanced Drainage technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advanced Drainage 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...

Price Boundaries

Advanced Drainage Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Advanced Drainage Systems cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Advanced Drainage December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Advanced Drainage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Advanced Drainage shares will generate the highest return on investment. By undertsting and applying Advanced Drainage stock market strength indicators, traders can identify Advanced Drainage Systems entry and exit signals to maximize returns

Advanced Drainage Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Advanced Drainage's price direction in advance. Along with the technical and fundamental analysis of Advanced Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Advanced to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Advanced Stock analysis

When running Advanced Drainage's price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.
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