Adidas AG (Germany) Market Value
| ADS Stock | EUR 236.10 0.30 0.13% |
| Symbol | Adidas |
Adidas AG '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 Adidas AG'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 Adidas AG.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Adidas AG on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding adidas AG or generate 0.0% return on investment in Adidas AG over 720 days. Adidas AG is related to or competes with S A P, Siemens Aktiengesellscha, Allianz SE, BASF SE, and Deutsche Lufthansa. adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle pro... More
Adidas AG 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 Adidas AG'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 adidas AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0485 | |||
| Maximum Drawdown | 11.37 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.36 |
Adidas AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adidas AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adidas AG's standard deviation. In reality, there are many statistical measures that can use Adidas AG historical prices to predict the future Adidas AG's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.1287 | |||
| Total Risk Alpha | 0.0445 | |||
| Sortino Ratio | 0.0475 | |||
| Treynor Ratio | (3.93) |
adidas AG Backtested Returns
At this point, Adidas AG is very steady. adidas AG secures Sharpe Ratio (or Efficiency) of 0.0185, which signifies that the company had a 0.0185% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for adidas AG, which you can use to evaluate the volatility of the firm. Please confirm Adidas AG's Risk Adjusted Performance of 0.0633, downside deviation of 1.96, and Semi Deviation of 1.82 to double-check if the risk estimate we provide is consistent with the expected return of 0.0341%. Adidas AG has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0325, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adidas AG are expected to decrease at a much lower rate. During the bear market, Adidas AG is likely to outperform the market. adidas AG right now shows a risk of 1.84%. Please confirm adidas AG coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if adidas AG will be following its price patterns.
Auto-correlation | 0.73 |
Good predictability
adidas AG has good predictability. Overlapping area represents the amount of predictability between Adidas AG time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 adidas AG price movement. The serial correlation of 0.73 indicates that around 73.0% of current Adidas AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 422.81 |
adidas AG lagged returns against current returns
Autocorrelation, which is Adidas AG 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 Adidas AG's stock expected returns. We can calculate the autocorrelation of Adidas AG returns to help us make a trade decision. For example, suppose you find that Adidas AG 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 |
Adidas AG 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 Adidas AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adidas AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adidas AG stock over time.
Current vs Lagged Prices |
| Timeline |
Adidas AG Lagged Returns
When evaluating Adidas AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adidas AG stock have on its future price. Adidas AG 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, Adidas AG autocorrelation shows the relationship between Adidas AG stock current value and its past values and can show if there is a momentum factor associated with investing in adidas AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Adidas Stock
Adidas AG financial ratios help investors to determine whether Adidas 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 Adidas with respect to the benefits of owning Adidas AG security.