Adcore Inc Stock Market Value
| ADCO Stock | CAD 0.18 0.01 5.88% |
| Symbol | Adcore |
Adcore Inc Price To Book Ratio
Adcore '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 Adcore'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 Adcore.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Adcore on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Adcore Inc or generate 0.0% return on investment in Adcore over 30 days. Adcore is related to or competes with NEXE Innovations. Adcore Inc. operates as an e-commerce advertising management and automation platform in the Asia-Pacific, Europe, the Mi... More
Adcore 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 Adcore'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 Adcore Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Adcore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adcore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adcore's standard deviation. In reality, there are many statistical measures that can use Adcore historical prices to predict the future Adcore's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (1.00) |
Adcore Inc Backtested Returns
Adcore Inc secures Sharpe Ratio (or Efficiency) of -0.0249, which signifies that the company had a -0.0249% return per unit of standard deviation over the last 3 months. Adcore Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adcore's mean deviation of 2.41, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0885, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adcore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adcore is expected to be smaller as well. At this point, Adcore Inc has a negative expected return of -0.0941%. Please make sure to confirm Adcore's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Adcore Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Adcore Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Adcore 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 Adcore Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Adcore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adcore Inc lagged returns against current returns
Autocorrelation, which is Adcore 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 Adcore's stock expected returns. We can calculate the autocorrelation of Adcore returns to help us make a trade decision. For example, suppose you find that Adcore 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 |
Adcore 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 Adcore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adcore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adcore stock over time.
Current vs Lagged Prices |
| Timeline |
Adcore Lagged Returns
When evaluating Adcore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adcore stock have on its future price. Adcore 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, Adcore autocorrelation shows the relationship between Adcore stock current value and its past values and can show if there is a momentum factor associated with investing in Adcore Inc.
Regressed Prices |
| Timeline |
Pair Trading with Adcore
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 Adcore 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 Adcore will appreciate offsetting losses from the drop in the long position's value.Moving against Adcore Stock
| 0.37 | COST | Costco Wholesale Corp | PairCorr |
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| 0.31 | MSFT | Microsoft Corp CDR | PairCorr |
The ability to find closely correlated positions to Adcore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adcore 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 Adcore - 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 Adcore Inc to buy it.
The correlation of Adcore 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 Adcore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adcore 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 Adcore 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 Adcore Stock
Adcore financial ratios help investors to determine whether Adcore 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 Adcore with respect to the benefits of owning Adcore security.