Adidas Ag Stock Price on August 3, 2023

ADDDF Stock  USD 230.23  2.77  1.19%   
If you're considering investing in Adidas OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adidas AG stands at 230.23, as last reported on the 29th of November, with the highest price reaching 232.50 and the lowest price hitting 227.70 during the day. Adidas AG secures Sharpe Ratio (or Efficiency) of -0.0427, which signifies that the company had a -0.0427% return per unit of risk over the last 3 months. Adidas AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adidas AG's Risk Adjusted Performance of (0.01), standard deviation of 2.8, and Mean Deviation of 2.0 to double-check the risk estimate we provide.
  
Adidas OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0427

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Estimated Market Risk

 2.83
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.12
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Adidas AG 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 Adidas AG by adding Adidas AG to a well-diversified portfolio.

Adidas AG Valuation on August 3, 2023

It is possible to determine the worth of Adidas AG on a given historical date. On August 3, 2023 Adidas was worth 200.25 at the beginning of the trading date compared to the closed value of 193.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adidas AG otc stock. Still, in general, we apply an absolute valuation method to find Adidas AG'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 Adidas AG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adidas AG's related companies.
 Open High Low Close Volume
  197.40    197.58    193.16    193.16    64.00  
08/03/2023
  200.25    201.38    193.64    193.64    168.00  
  200.02    200.39    196.19    198.39    239.00  
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Open Value
200.25
191.75
Downside
193.64
Closing Value
208.75
Upside

Adidas AG Trading Date Momentum on August 3, 2023

On August 04 2023 Adidas AG was traded for  198.39  at the closing time. The highest daily price throughout the period was 200.39  and the lowest price was  196.19 . The daily volume was 239. The net trading volume on 08/04/2023 added to the next day price rise. The overall trading delta to closing price of the next trading day was 2.45% . The overall trading delta to current closing price is 2.76% .

Adidas AG Fundamentals Correlations and Trends

By evaluating Adidas AG'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 Adidas AG's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adidas financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Adidas AG OTC Stock history

Adidas AG 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 Adidas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adidas AG 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 Adidas AG stock prices may prove useful in developing a viable investing in Adidas AG
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany. ADIDAS AG operates under Footwear Accessories classification in the United States and is traded on OTC Exchange. It employs 60661 people.

Adidas AG OTC Stock Technical Analysis

Adidas AG technical otc 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, otc market cycles, or different charting patterns.
A focus of Adidas AG technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Adidas AG 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

Adidas AG Period Price Range

Low
November 29, 2024
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High

 0.00 

     

 0.00 

Adidas AG cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.

Adidas AG November 29, 2024 Market Strength

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

Adidas AG Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Adidas AG's price direction in advance. Along with the technical and fundamental analysis of Adidas OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adidas 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 Adidas OTC 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.
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