Adf Group Stock Market Value
| DRX Stock | CAD 7.90 0.31 4.08% |
| Symbol | ADF |
ADF Group Price To Book Ratio
ADF '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 ADF'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 ADF.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in ADF on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ADF Group or generate 0.0% return on investment in ADF over 90 days. ADF is related to or competes with Caldwell Partners, Goodfellow, Supremex, Velan, and Hammond Manufacturing. ADF Group Inc. engages in the design and engineering of connections and fabrication and installation of complex steel su... More
ADF 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 ADF'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 ADF Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 25.51 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 6.53 |
ADF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADF's standard deviation. In reality, there are many statistical measures that can use ADF historical prices to predict the future ADF's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.3017 | |||
| Treynor Ratio | (0.24) |
ADF Group Backtested Returns
ADF Group secures Sharpe Ratio (or Efficiency) of -0.0943, which signifies that the company had a -0.0943 % return per unit of risk over the last 3 months. ADF Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ADF's Standard Deviation of 3.9, mean deviation of 2.72, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ADF's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADF is expected to be smaller as well. At this point, ADF Group has a negative expected return of -0.37%. Please make sure to confirm ADF's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if ADF Group performance from the past will be repeated at some future date.
Auto-correlation | 0.37 |
Below average predictability
ADF Group has below average predictability. Overlapping area represents the amount of predictability between ADF time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 ADF Group price movement. The serial correlation of 0.37 indicates that just about 37.0% of current ADF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
ADF Group lagged returns against current returns
Autocorrelation, which is ADF 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 ADF's stock expected returns. We can calculate the autocorrelation of ADF returns to help us make a trade decision. For example, suppose you find that ADF 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 |
ADF 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 ADF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADF stock over time.
Current vs Lagged Prices |
| Timeline |
ADF Lagged Returns
When evaluating ADF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADF stock have on its future price. ADF 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, ADF autocorrelation shows the relationship between ADF stock current value and its past values and can show if there is a momentum factor associated with investing in ADF Group.
Regressed Prices |
| Timeline |
Pair Trading with ADF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ADF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ADF will appreciate offsetting losses from the drop in the long position's value.Moving together with ADF Stock
Moving against ADF Stock
The ability to find closely correlated positions to ADF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ADF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ADF Group to buy it.
The correlation of ADF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADF Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ADF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in ADF Stock
ADF financial ratios help investors to determine whether ADF 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 ADF with respect to the benefits of owning ADF security.