Advtech (South Africa) Market Value
| ADH Stock | 3,277 12.00 0.36% |
| Symbol | Advtech |
Advtech '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 Advtech'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 Advtech.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Advtech on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Advtech or generate 0.0% return on investment in Advtech over 720 days. Advtech is related to or competes with Kumba Iron, RCL Foods, Hosken Consolidated, and Frontier Transport. More
Advtech 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 Advtech'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 Advtech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0799 | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.58 |
Advtech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advtech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advtech's standard deviation. In reality, there are many statistical measures that can use Advtech historical prices to predict the future Advtech's volatility.| Risk Adjusted Performance | 0.0878 | |||
| Jensen Alpha | 0.1179 | |||
| Total Risk Alpha | 0.0851 | |||
| Sortino Ratio | 0.0905 | |||
| Treynor Ratio | 2.41 |
Advtech Backtested Returns
At this point, Advtech is very steady. Advtech secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advtech, which you can use to evaluate the volatility of the firm. Please confirm Advtech's Risk Adjusted Performance of 0.0878, mean deviation of 0.8677, and Downside Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Advtech has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0494, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Advtech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advtech is expected to be smaller as well. Advtech right now shows a risk of 1.16%. Please confirm Advtech sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Advtech will be following its price patterns.
Auto-correlation | 0.78 |
Good predictability
Advtech has good predictability. Overlapping area represents the amount of predictability between Advtech time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Advtech price movement. The serial correlation of 0.78 indicates that around 78.0% of current Advtech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 58.8 K |
Advtech lagged returns against current returns
Autocorrelation, which is Advtech 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 Advtech's stock expected returns. We can calculate the autocorrelation of Advtech returns to help us make a trade decision. For example, suppose you find that Advtech 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 |
Advtech 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 Advtech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advtech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advtech stock over time.
Current vs Lagged Prices |
| Timeline |
Advtech Lagged Returns
When evaluating Advtech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advtech stock have on its future price. Advtech 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, Advtech autocorrelation shows the relationship between Advtech stock current value and its past values and can show if there is a momentum factor associated with investing in Advtech.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Advtech Stock
Advtech financial ratios help investors to determine whether Advtech Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Advtech with respect to the benefits of owning Advtech security.