Adidas AG (Germany) Market Value
| ADS Stock | 234.90 1.50 0.63% |
| 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.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Adidas AG on November 24, 2024 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 30 days. Adidas AG is related to or competes with Nike, Adidas AG, Adidas AG, Adidas AG, PUMA SE, and Deckers Outdoor. 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 | 0.0444 | |||
| Maximum Drawdown | 11.34 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.18 |
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 | 0.0606 | |||
| Jensen Alpha | 0.1208 | |||
| Total Risk Alpha | 0.0365 | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | (0.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adidas AG's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
adidas AG Backtested Returns
Currently, adidas AG is very steady. adidas AG secures Sharpe Ratio (or Efficiency) of 0.0543, which signifies that the company had a 0.0543% 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 Semi Deviation of 1.79, downside deviation of 1.96, and Risk Adjusted Performance of 0.0606 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Adidas AG has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, 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 1.85%. Please confirm adidas AG jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if adidas AG will be following its price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
adidas AG has good reverse predictability. Overlapping area represents the amount of predictability between Adidas AG time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 -0.58 indicates that roughly 58.0% of current Adidas AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 8.53 |
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 |
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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.Additional Tools for Adidas Stock Analysis
When running Adidas AG's price analysis, check to measure Adidas AG's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adidas AG is operating at the current time. Most of Adidas AG's value examination focuses on studying past and present price action to predict the probability of Adidas AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adidas AG's price. Additionally, you may evaluate how the addition of Adidas AG to your portfolios can decrease your overall portfolio volatility.