ADDUS HOMECARE (Germany) Market Value
| A41 Stock | EUR 121.00 1.00 0.82% |
| Symbol | ADDUS |
ADDUS HOMECARE '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 ADDUS HOMECARE'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 ADDUS HOMECARE.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ADDUS HOMECARE on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ADDUS HOMECARE or generate 0.0% return on investment in ADDUS HOMECARE over 60 days. ADDUS HOMECARE is related to or competes with Media, Boyd Gaming, PENN NATL, Suntory Beverage, and MOLSON COORS. More
ADDUS HOMECARE 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 ADDUS HOMECARE'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 ADDUS HOMECARE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 10.41 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.63 |
ADDUS HOMECARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADDUS HOMECARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADDUS HOMECARE's standard deviation. In reality, there are many statistical measures that can use ADDUS HOMECARE historical prices to predict the future ADDUS HOMECARE's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1006 | |||
| Total Risk Alpha | 0.0779 | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | 0.233 |
ADDUS HOMECARE Backtested Returns
At this point, ADDUS HOMECARE is very steady. ADDUS HOMECARE secures Sharpe Ratio (or Efficiency) of 0.0624, which signifies that the company had a 0.0624% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ADDUS HOMECARE, which you can use to evaluate the volatility of the firm. Please confirm ADDUS HOMECARE's Downside Deviation of 1.72, mean deviation of 1.4, and Risk Adjusted Performance of 0.0563 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. ADDUS HOMECARE has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ADDUS HOMECARE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADDUS HOMECARE is expected to be smaller as well. ADDUS HOMECARE at this moment shows a risk of 1.86%. Please confirm ADDUS HOMECARE mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if ADDUS HOMECARE will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
ADDUS HOMECARE has very good reverse predictability. Overlapping area represents the amount of predictability between ADDUS HOMECARE time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 ADDUS HOMECARE price movement. The serial correlation of -0.7 indicates that around 70.0% of current ADDUS HOMECARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 18.1 |
ADDUS HOMECARE lagged returns against current returns
Autocorrelation, which is ADDUS HOMECARE 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 ADDUS HOMECARE's stock expected returns. We can calculate the autocorrelation of ADDUS HOMECARE returns to help us make a trade decision. For example, suppose you find that ADDUS HOMECARE 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 |
ADDUS HOMECARE 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 ADDUS HOMECARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADDUS HOMECARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADDUS HOMECARE stock over time.
Current vs Lagged Prices |
| Timeline |
ADDUS HOMECARE Lagged Returns
When evaluating ADDUS HOMECARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADDUS HOMECARE stock have on its future price. ADDUS HOMECARE 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, ADDUS HOMECARE autocorrelation shows the relationship between ADDUS HOMECARE stock current value and its past values and can show if there is a momentum factor associated with investing in ADDUS HOMECARE.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in ADDUS Stock
When determining whether ADDUS HOMECARE is a strong investment it is important to analyze ADDUS HOMECARE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ADDUS HOMECARE's future performance. For an informed investment choice regarding ADDUS Stock, refer to the following important reports:Check out ADDUS HOMECARE Correlation, ADDUS HOMECARE Volatility and ADDUS HOMECARE Alpha and Beta module to complement your research on ADDUS HOMECARE. For information on how to trade ADDUS Stock refer to our How to Trade ADDUS Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
ADDUS HOMECARE 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.