Adobe Inc Stock Market Value
| ADBE Stock | 20.72 0.24 1.17% |
| Symbol | Adobe |
Adobe '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 Adobe'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 Adobe.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Adobe on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Adobe Inc or generate 0.0% return on investment in Adobe over 30 days. Adobe is related to or competes with Atrium Mortgage, Westshore Terminals, Bip Investment, Partners Value, CNJ Capital, and Economic Investment. Adobe is entity of Canada. It is traded as Stock on NEO exchange. More
Adobe 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 Adobe'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 Adobe Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.27 |
Adobe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adobe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adobe's standard deviation. In reality, there are many statistical measures that can use Adobe historical prices to predict the future Adobe's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.50) |
Adobe Inc Backtested Returns
Adobe Inc secures Sharpe Ratio (or Efficiency) of -0.0588, which signifies that the company had a -0.0588% return per unit of risk over the last 3 months. Adobe Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adobe's Mean Deviation of 1.31, standard deviation of 1.9, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adobe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adobe is expected to be smaller as well. At this point, Adobe Inc has a negative expected return of -0.11%. Please make sure to confirm Adobe's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Adobe Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Adobe Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Adobe time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Adobe Inc price movement. The serial correlation of -0.19 indicates that over 19.0% of current Adobe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Adobe Inc lagged returns against current returns
Autocorrelation, which is Adobe 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 Adobe's stock expected returns. We can calculate the autocorrelation of Adobe returns to help us make a trade decision. For example, suppose you find that Adobe 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 |
Adobe 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 Adobe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adobe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adobe stock over time.
Current vs Lagged Prices |
| Timeline |
Adobe Lagged Returns
When evaluating Adobe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adobe stock have on its future price. Adobe 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, Adobe autocorrelation shows the relationship between Adobe stock current value and its past values and can show if there is a momentum factor associated with investing in Adobe Inc.
Regressed Prices |
| Timeline |
Pair Trading with Adobe
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adobe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adobe will appreciate offsetting losses from the drop in the long position's value.Moving against Adobe Stock
| 0.83 | ETG | Entree Resources | PairCorr |
| 0.66 | IMP | Intermap Technologies | PairCorr |
| 0.65 | NVDA | NVIDIA CDR | PairCorr |
| 0.59 | CDR | Condor Energies | PairCorr |
| 0.51 | TD-PFI | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Adobe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adobe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adobe Inc to buy it.
The correlation of Adobe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adobe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Adobe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Adobe Stock
Adobe financial ratios help investors to determine whether Adobe 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 Adobe with respect to the benefits of owning Adobe security.