Adcorp (South Africa) Market Value
| ADR Stock | 480.00 10.00 2.04% |
| Symbol | Adcorp |
Adcorp '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 Adcorp'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 Adcorp.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Adcorp on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Adcorp or generate 0.0% return on investment in Adcorp over 240 days. Adcorp is related to or competes with Workforce Holdings, Woolworths Holdings, Aveng, Capitec Bank, Avi, and Pepkor Holdings. More
Adcorp 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 Adcorp'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 Adcorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 5.43 |
Adcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adcorp's standard deviation. In reality, there are many statistical measures that can use Adcorp historical prices to predict the future Adcorp's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.1551 | |||
| Total Risk Alpha | 0.0649 | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | (0.64) |
Adcorp Backtested Returns
Adcorp secures Sharpe Ratio (or Efficiency) of -0.0315, which signifies that the company had a -0.0315% return per unit of standard deviation over the last 3 months. Adcorp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adcorp's mean deviation of 2.08, and Risk Adjusted Performance of 0.0491 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adcorp are expected to decrease at a much lower rate. During the bear market, Adcorp is likely to outperform the market. At this point, Adcorp has a negative expected return of -0.0883%. Please make sure to confirm Adcorp's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Adcorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Adcorp has poor reverse predictability. Overlapping area represents the amount of predictability between Adcorp time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 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 Adcorp price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Adcorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 736.12 |
Adcorp lagged returns against current returns
Autocorrelation, which is Adcorp 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 Adcorp's stock expected returns. We can calculate the autocorrelation of Adcorp returns to help us make a trade decision. For example, suppose you find that Adcorp 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 |
Adcorp 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 Adcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adcorp stock over time.
Current vs Lagged Prices |
| Timeline |
Adcorp Lagged Returns
When evaluating Adcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adcorp stock have on its future price. Adcorp 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, Adcorp autocorrelation shows the relationship between Adcorp stock current value and its past values and can show if there is a momentum factor associated with investing in Adcorp.
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.Other Information on Investing in Adcorp Stock
Adcorp financial ratios help investors to determine whether Adcorp 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 Adcorp with respect to the benefits of owning Adcorp security.