Adobe Inc Stock Price on March 15, 2024

ADBE Stock   20.65  0.27  1.32%   
If you're considering investing in Adobe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adobe stands at 20.65, as last reported on the 29th of November, with the highest price reaching 20.71 and the lowest price hitting 20.53 during the day. Adobe Inc secures Sharpe Ratio (or Efficiency) of -0.0864, which signifies that the company had a -0.0864% return per unit of risk over the last 3 months. Adobe Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adobe's Mean Deviation of 1.34, risk adjusted performance of (0.05), and Standard Deviation of 1.91 to double-check the risk estimate we provide.
  
Adobe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0864

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Estimated Market Risk

 1.95
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Adobe is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Adobe by adding Adobe to a well-diversified portfolio.
Price Book
15.1286
Book Value
32.685
Enterprise Value
315.8 B
Enterprise Value Ebitda
28.9692
Price Sales
15.5655

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Adobe Valuation on March 15, 2024

It is possible to determine the worth of Adobe on a given historical date. On March 15, 2024 Adobe was worth 20.07 at the beginning of the trading date compared to the closed value of 19.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adobe stock. Still, in general, we apply an absolute valuation method to find Adobe's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Adobe where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adobe's related companies.
 Open High Low Close Volume
  23.30    23.42    22.98    23.04    87,357  
03/15/2024
  20.07    20.30    19.59    19.83    308,174  
  20.07    20.79    20.03    20.71    136,459  
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Open Value
20.07
19.83
Closing Value
25.93
Upside

Adobe Trading Date Momentum on March 15, 2024

On March 18 2024 Adobe Inc was traded for  20.71  at the closing time. The highest price during the trading period was 20.79  and the lowest recorded bid was listed for  20.03 . The volume for the day was 136.5 K. This history from March 18, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 4.44% . The overall trading delta to the current price is 1.11% .

Adobe Inc Fundamentals Correlations and Trends

By evaluating Adobe's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Adobe's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adobe financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Adobe Stock history

Adobe investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Adobe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adobe Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Adobe stock prices may prove useful in developing a viable investing in Adobe

Adobe Stock Technical Analysis

Adobe technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Adobe technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Adobe trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Adobe Period Price Range

Low
November 29, 2024
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High

 0.00 

     

 0.00 

Adobe Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NEO Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Adobe November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Adobe stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adobe shares will generate the highest return on investment. By undertsting and applying Adobe stock market strength indicators, traders can identify Adobe Inc entry and exit signals to maximize returns

Adobe Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Adobe's price direction in advance. Along with the technical and fundamental analysis of Adobe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adobe to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Adobe Stock analysis

When running Adobe's price analysis, check to measure Adobe'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 Adobe is operating at the current time. Most of Adobe's value examination focuses on studying past and present price action to predict the probability of Adobe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adobe's price. Additionally, you may evaluate how the addition of Adobe to your portfolios can decrease your overall portfolio volatility.
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