Adidas AG's market value is the price at which a share of Adidas AG trades on a public exchange. It measures the collective expectations of adidas AG investors about its performance. Adidas AG is trading at 233.80 as of the 8th of January 2025, a 2.83 percent decrease since the beginning of the trading day. The stock's open price was 240.6. With this module, you can estimate the performance of a buy and hold strategy of adidas AG and determine expected loss or profit from investing in Adidas AG over a given investment horizon. Check out Adidas AG Correlation, Adidas AG Volatility and Adidas AG Alpha and Beta module to complement your research on Adidas AG.
Please note, there is a significant difference between Adidas AG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adidas AG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adidas AG'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.
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.
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.
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.
adidas AG secures Sharpe Ratio (or Efficiency) of -0.0029, which signifies that the company had a -0.0029% return per unit of risk over the last 3 months. adidas AG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adidas AG's Standard Deviation of 1.52, insignificant risk adjusted performance, and Coefficient Of Variation of (11,665) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. 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. At this point, adidas AG has a negative expected return of -0.0044%. Please make sure to confirm Adidas AG's maximum drawdown, daily balance of power, and the relationship between the total risk alpha and skewness , to decide if adidas AG performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.02
Very weak reverse predictability
adidas AG has very weak reverse predictability. Overlapping area represents the amount of predictability between Adidas AG time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 adidas AG price movement. The serial correlation of -0.02 indicates that only 2.0% of current Adidas AG price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.02
Spearman Rank Test
0.04
Residual Average
0.0
Price Variance
4.98
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
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.
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.