Adcorp's market value is the price at which a share of Adcorp trades on a public exchange. It measures the collective expectations of Adcorp investors about its performance. Adcorp is trading at 466.00 as of the 13th of January 2025, a 0.22% increase since the beginning of the trading day. The stock's lowest day price was 465.0.
With this module, you can estimate the performance of a buy and hold strategy of Adcorp and determine expected loss or profit from investing in Adcorp over a given investment horizon. Check out Adcorp Correlation, Adcorp Volatility and Adcorp Alpha and Beta module to complement your research on Adcorp.
Please note, there is a significant difference between Adcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
Adcorp secures Sharpe Ratio (or Efficiency) of -0.0705, which signifies that the company had a -0.0705% return per unit of standard deviation over the last 3 months. Adcorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adcorp's risk adjusted performance of (0.05), and Mean Deviation of 1.66 to double-check the risk estimate we provide. 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, 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 -0.17%. Please make sure to confirm Adcorp's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Adcorp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.09
Virtually no predictability
Adcorp has virtually no predictability. Overlapping area represents the amount of predictability between Adcorp time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th 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 Adcorp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Adcorp price fluctuation can be explain by its past prices.
Correlation Coefficient
0.09
Spearman Rank Test
-0.4
Residual Average
0.0
Price Variance
107.11
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
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.
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.