Adecco Group (Switzerland) Market Value
| ADEN Stock | CHF 23.86 0.34 1.40% |
| Symbol | Adecco |
Adecco Group '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 Adecco Group'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 Adecco Group.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Adecco Group on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Adecco Group AG or generate 0.0% return on investment in Adecco Group over 360 days. Adecco Group is related to or competes with Swisscom, Swiss Life, Swiss Re, ABB, and SGS SA. Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations worldw... More
Adecco Group 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 Adecco Group'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 Adecco Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.29 |
Adecco Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adecco Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adecco Group's standard deviation. In reality, there are many statistical measures that can use Adecco Group historical prices to predict the future Adecco Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (20.45) |
Adecco Group AG Backtested Returns
Adecco Group AG secures Sharpe Ratio (or Efficiency) of -0.0997, which signifies that the company had a -0.0997% return per unit of standard deviation over the last 3 months. Adecco Group AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adecco Group's risk adjusted performance of (0.05), and Mean Deviation of 1.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0069, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adecco Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adecco Group is expected to be smaller as well. At this point, Adecco Group AG has a negative expected return of -0.16%. Please make sure to confirm Adecco Group's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Adecco Group AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Adecco Group AG has below average predictability. Overlapping area represents the amount of predictability between Adecco Group time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Adecco Group AG price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Adecco Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 |
Adecco Group AG lagged returns against current returns
Autocorrelation, which is Adecco Group 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 Adecco Group's stock expected returns. We can calculate the autocorrelation of Adecco Group returns to help us make a trade decision. For example, suppose you find that Adecco Group 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 |
Adecco Group 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 Adecco Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adecco Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adecco Group stock over time.
Current vs Lagged Prices |
| Timeline |
Adecco Group Lagged Returns
When evaluating Adecco Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adecco Group stock have on its future price. Adecco Group 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, Adecco Group autocorrelation shows the relationship between Adecco Group stock current value and its past values and can show if there is a momentum factor associated with investing in Adecco Group AG.
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 Adecco Stock Analysis
When running Adecco Group's price analysis, check to measure Adecco Group'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 Adecco Group is operating at the current time. Most of Adecco Group's value examination focuses on studying past and present price action to predict the probability of Adecco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adecco Group's price. Additionally, you may evaluate how the addition of Adecco Group to your portfolios can decrease your overall portfolio volatility.