Accolade Stock Market Value
| ACCD Stock | USD 3.80 0.10 2.70% |
| Symbol | Accolade |
Accolade Price To Book Ratio
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Accolade. If investors know Accolade will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Accolade listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.02) | Revenue Per Share 5.706 | Quarterly Revenue Growth 0.098 | Return On Assets (0.07) | Return On Equity (0.19) |
The market value of Accolade is measured differently than its book value, which is the value of Accolade that is recorded on the company's balance sheet. Investors also form their own opinion of Accolade's value that differs from its market value or its book value, called intrinsic value, which is Accolade's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Accolade's market value can be influenced by many factors that don't directly affect Accolade's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Accolade's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accolade is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accolade's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Accolade '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 Accolade'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 Accolade.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Accolade on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Accolade or generate 0.0% return on investment in Accolade over 90 days. Accolade is related to or competes with Privia Health, HealthStream, National Research, Health Catalyst, Definitive Healthcare, Premier, and Certara. Accolade, Inc., together with its subsidiaries, develops and provides technology-enabled solutions that help people to u... More
Accolade 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 Accolade'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 Accolade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.87 |
Accolade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accolade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accolade's standard deviation. In reality, there are many statistical measures that can use Accolade historical prices to predict the future Accolade's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accolade's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Accolade Backtested Returns
Accolade secures Sharpe Ratio (or Efficiency) of -0.0416, which signifies that the company had a -0.0416% return per unit of standard deviation over the last 3 months. Accolade exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accolade's mean deviation of 2.34, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.74, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Accolade will likely underperform. At this point, Accolade has a negative expected return of -0.12%. Please make sure to confirm Accolade's mean deviation, jensen alpha, potential upside, as well as the relationship between the standard deviation and treynor ratio , to decide if Accolade performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Accolade has insignificant reverse predictability. Overlapping area represents the amount of predictability between Accolade time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 Accolade price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Accolade price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Accolade lagged returns against current returns
Autocorrelation, which is Accolade 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 Accolade's stock expected returns. We can calculate the autocorrelation of Accolade returns to help us make a trade decision. For example, suppose you find that Accolade 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 |
Accolade 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 Accolade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accolade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accolade stock over time.
Current vs Lagged Prices |
| Timeline |
Accolade Lagged Returns
When evaluating Accolade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accolade stock have on its future price. Accolade 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, Accolade autocorrelation shows the relationship between Accolade stock current value and its past values and can show if there is a momentum factor associated with investing in Accolade.
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.When determining whether Accolade is a strong investment it is important to analyze Accolade's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Accolade's future performance. For an informed investment choice regarding Accolade Stock, refer to the following important reports:Check out Accolade Correlation, Accolade Volatility and Accolade Alpha and Beta module to complement your research on Accolade. For information on how to trade Accolade Stock refer to our How to Trade Accolade Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Accolade 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.