Adacel Tech (Australia) Market Value
| ADA Stock | 0.41 0.01 2.50% |
| Symbol | Adacel |
Adacel Tech '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 Adacel Tech'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 Adacel Tech.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Adacel Tech on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Adacel Tech or generate 0.0% return on investment in Adacel Tech over 30 days. Adacel Tech is related to or competes with Aneka Tambang, BHP Group, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Rio Tinto. Adacel Tech is entity of Australia. It is traded as Stock on AU exchange. More
Adacel Tech 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 Adacel Tech'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 Adacel Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.02 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 52.08 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 5.41 |
Adacel Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adacel Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adacel Tech's standard deviation. In reality, there are many statistical measures that can use Adacel Tech historical prices to predict the future Adacel Tech's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Adacel Tech Backtested Returns
Currently, Adacel Tech is out of control. Adacel Tech secures Sharpe Ratio (or Efficiency) of 0.0131, which signifies that the company had a 0.0131% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Adacel Tech, which you can use to evaluate the volatility of the firm. Please confirm Adacel Tech's mean deviation of 2.6, and Risk Adjusted Performance of 0.0093 to double-check if the risk estimate we provide is consistent with the expected return of 0.0719%. Adacel Tech has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adacel Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adacel Tech is expected to be smaller as well. Adacel Tech right now shows a risk of 5.5%. Please confirm Adacel Tech market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Adacel Tech will be following its price patterns.
Auto-correlation | 0.73 |
Good predictability
Adacel Tech has good predictability. Overlapping area represents the amount of predictability between Adacel Tech time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Adacel Tech price movement. The serial correlation of 0.73 indicates that around 73.0% of current Adacel Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adacel Tech lagged returns against current returns
Autocorrelation, which is Adacel Tech 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 Adacel Tech's stock expected returns. We can calculate the autocorrelation of Adacel Tech returns to help us make a trade decision. For example, suppose you find that Adacel Tech 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 |
Adacel Tech 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 Adacel Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adacel Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adacel Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Adacel Tech Lagged Returns
When evaluating Adacel Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adacel Tech stock have on its future price. Adacel Tech 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, Adacel Tech autocorrelation shows the relationship between Adacel Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Adacel Tech.
Regressed Prices |
| Timeline |
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Additional Tools for Adacel Stock Analysis
When running Adacel Tech's price analysis, check to measure Adacel Tech'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 Adacel Tech is operating at the current time. Most of Adacel Tech's value examination focuses on studying past and present price action to predict the probability of Adacel Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adacel Tech's price. Additionally, you may evaluate how the addition of Adacel Tech to your portfolios can decrease your overall portfolio volatility.