Adcock Ingram (South Africa) Market Value
| AIP Stock | 6,633 52.00 0.78% |
| Symbol | Adcock |
Adcock Ingram '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 Adcock Ingram'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 Adcock Ingram.
| 10/02/2023 |
| 12/25/2024 |
If you would invest 0.00 in Adcock Ingram on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding Adcock Ingram Holdings or generate 0.0% return on investment in Adcock Ingram over 450 days. Adcock Ingram is related to or competes with Aspen Pharmacare, Ascendis Health, Brait SE, Thungela Resources, Argent, and Avi. More
Adcock Ingram 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 Adcock Ingram'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 Adcock Ingram Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.46 |
Adcock Ingram Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adcock Ingram's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adcock Ingram's standard deviation. In reality, there are many statistical measures that can use Adcock Ingram historical prices to predict the future Adcock Ingram's volatility.| Risk Adjusted Performance | 0.0311 | |||
| Jensen Alpha | 0.0409 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.1861 |
Adcock Ingram Holdings Backtested Returns
Adcock Ingram Holdings secures Sharpe Ratio (or Efficiency) of -0.0508, which signifies that the company had a -0.0508% return per unit of standard deviation over the last 3 months. Adcock Ingram Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adcock Ingram's risk adjusted performance of 0.0311, and Mean Deviation of 1.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adcock Ingram's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adcock Ingram is expected to be smaller as well. At this point, Adcock Ingram Holdings has a negative expected return of -0.0882%. Please make sure to confirm Adcock Ingram's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Adcock Ingram Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Adcock Ingram Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Adcock Ingram time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 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 Adcock Ingram Holdings price movement. The serial correlation of -0.21 indicates that over 21.0% of current Adcock Ingram price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 278.6 K |
Adcock Ingram Holdings lagged returns against current returns
Autocorrelation, which is Adcock Ingram 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 Adcock Ingram's stock expected returns. We can calculate the autocorrelation of Adcock Ingram returns to help us make a trade decision. For example, suppose you find that Adcock Ingram 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 |
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Adcock Ingram 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 Adcock Ingram stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adcock Ingram stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adcock Ingram stock over time.
Current vs Lagged Prices |
| Timeline |
Adcock Ingram Lagged Returns
When evaluating Adcock Ingram's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adcock Ingram stock have on its future price. Adcock Ingram 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, Adcock Ingram autocorrelation shows the relationship between Adcock Ingram stock current value and its past values and can show if there is a momentum factor associated with investing in Adcock Ingram Holdings.
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.Other Information on Investing in Adcock Stock
Adcock Ingram financial ratios help investors to determine whether Adcock 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 Adcock with respect to the benefits of owning Adcock Ingram security.