ADAMA (China) Market Value
| 000553 Stock | 6.68 0.03 0.45% |
| Symbol | ADAMA |
ADAMA '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 ADAMA'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 ADAMA.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ADAMA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ADAMA or generate 0.0% return on investment in ADAMA over 30 days. ADAMA is related to or competes with Southchip Semiconductor, Shenwu Energy, Industrial Bank, HeNan Splendor, GigaDevice SemiconductorBei, StarPower Semiconductor, and Nexchip Semiconductor. ADAMA is entity of China. It is traded as Stock on SHE exchange. More
ADAMA 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 ADAMA'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 ADAMA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.53 | |||
| Information Ratio | 0.1526 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 9.92 |
ADAMA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADAMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADAMA's standard deviation. In reality, there are many statistical measures that can use ADAMA historical prices to predict the future ADAMA's volatility.| Risk Adjusted Performance | 0.1505 | |||
| Jensen Alpha | 0.7942 | |||
| Total Risk Alpha | 0.0688 | |||
| Sortino Ratio | 0.1768 | |||
| Treynor Ratio | (2.28) |
ADAMA Backtested Returns
ADAMA appears to be moderately volatile, given 3 months investment horizon. ADAMA retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By examining ADAMA's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of ADAMA's coefficient of variation of 537.09, and Market Risk Adjusted Performance of (2.27) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ADAMA holds a performance score of 15. The firm owns a Beta (Systematic Risk) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ADAMA are expected to decrease at a much lower rate. During the bear market, ADAMA is likely to outperform the market. Please check ADAMA's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether ADAMA's current price history will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
ADAMA has weak reverse predictability. Overlapping area represents the amount of predictability between ADAMA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 ADAMA price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current ADAMA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ADAMA lagged returns against current returns
Autocorrelation, which is ADAMA 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 ADAMA's stock expected returns. We can calculate the autocorrelation of ADAMA returns to help us make a trade decision. For example, suppose you find that ADAMA 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 |
ADAMA 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 ADAMA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADAMA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADAMA stock over time.
Current vs Lagged Prices |
| Timeline |
ADAMA Lagged Returns
When evaluating ADAMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADAMA stock have on its future price. ADAMA 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, ADAMA autocorrelation shows the relationship between ADAMA stock current value and its past values and can show if there is a momentum factor associated with investing in ADAMA.
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 ADAMA Stock
ADAMA financial ratios help investors to determine whether ADAMA 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 ADAMA with respect to the benefits of owning ADAMA security.