Adidas Ag Stock Price on September 4, 2024
ADDDF Stock | USD 226.96 5.47 2.47% |
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 226.96, as last reported on the 22nd of November, with the highest price reaching 227.45 and the lowest price hitting 223.03 during the day. Adidas AG secures Sharpe Ratio (or Efficiency) of -0.0322, which signifies that the company had a -0.0322% 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 Mean Deviation of 1.93, standard deviation of 2.75, and insignificant Risk Adjusted Performance 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.
Adidas |
Sharpe Ratio = -0.0322
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | ADDDF |
Estimated Market Risk
2.81 actual daily | 25 75% of assets are more volatile |
Expected Return
-0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 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 September 4, 2024
It is possible to determine the worth of Adidas AG on a given historical date. On September 4, 2024 Adidas was worth 252.92 at the beginning of the trading date compared to the closed value of 248.07. 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 | |
258.65 | 258.65 | 253.00 | 254.68 | 226.00 | |
09/04/2024 | 252.92 | 252.92 | 238.59 | 248.07 | 270.00 |
247.89 | 247.98 | 239.60 | 247.68 | 105.00 |
Backtest Adidas AG | | | Adidas AG History | | | Adidas AG Valuation | Previous | Next |
Adidas AG Trading Date Momentum on September 4, 2024
On September 05 2024 Adidas AG was traded for 247.68 at the closing time. The highest daily price throughout the period was 247.98 and the lowest price was 239.60 . The daily volume was 105. The net trading volume on 09/05/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.16% . The overall trading delta to current closing price is 1.22% . |
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.
Price Boundaries
Adidas AG Period Price Range
Low | November 22, 2024
| 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 22, 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.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | 0.1927 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
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.
Global Correlations Find global opportunities by holding instruments from different markets | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |