Addtech (UK) Market Value
| 0QI7 Stock | 306.30 3.20 1.03% |
| Symbol | Addtech |
Addtech '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 Addtech'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 Addtech.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Addtech on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Addtech or generate 0.0% return on investment in Addtech over 30 days. Addtech is related to or competes with Livermore Investments, Hansa Investment, Herald Investment, Schroders Investment, Odyssean Investment, Kinnevik Investment, and Aurora Investment. Addtech is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Addtech 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 Addtech'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 Addtech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.82 |
Addtech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addtech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addtech's standard deviation. In reality, there are many statistical measures that can use Addtech historical prices to predict the future Addtech's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.03) |
Addtech Backtested Returns
Addtech secures Sharpe Ratio (or Efficiency) of -0.0067, which signifies that the company had a -0.0067% return per unit of standard deviation over the last 3 months. Addtech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addtech's risk adjusted performance of 0.0028, and Mean Deviation of 1.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Addtech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Addtech is expected to be smaller as well. At this point, Addtech has a negative expected return of -0.0113%. Please make sure to confirm Addtech's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Addtech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Addtech has very good reverse predictability. Overlapping area represents the amount of predictability between Addtech time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Addtech price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Addtech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 17.2 |
Addtech lagged returns against current returns
Autocorrelation, which is Addtech 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 Addtech's stock expected returns. We can calculate the autocorrelation of Addtech returns to help us make a trade decision. For example, suppose you find that Addtech 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 |
Addtech 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 Addtech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addtech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addtech stock over time.
Current vs Lagged Prices |
| Timeline |
Addtech Lagged Returns
When evaluating Addtech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addtech stock have on its future price. Addtech 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, Addtech autocorrelation shows the relationship between Addtech stock current value and its past values and can show if there is a momentum factor associated with investing in Addtech.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Addtech Stock Analysis
When running Addtech's price analysis, check to measure Addtech'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 Addtech is operating at the current time. Most of Addtech's value examination focuses on studying past and present price action to predict the probability of Addtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addtech's price. Additionally, you may evaluate how the addition of Addtech to your portfolios can decrease your overall portfolio volatility.