Adentra Stock Market Value
| ADEN Stock | 34.54 0.07 0.20% |
| Symbol | ADENTRA |
ADENTRA Price To Book Ratio
ADENTRA '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 ADENTRA'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 ADENTRA.
| 11/28/2025 |
| 12/28/2025 |
If you would invest 0.00 in ADENTRA on November 28, 2025 and sell it all today you would earn a total of 0.00 from holding ADENTRA or generate 0.0% return on investment in ADENTRA over 30 days. ADENTRA is related to or competes with Wajax, Black Diamond, Algoma Central, Dexterra, Magellan Aerospace, GDI Integrated, and Zedcor Energy. ADENTRA is entity of Canada. It is traded as Stock on TO exchange. More
ADENTRA 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 ADENTRA'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 ADENTRA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.02 |
ADENTRA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADENTRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADENTRA's standard deviation. In reality, there are many statistical measures that can use ADENTRA historical prices to predict the future ADENTRA's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0365 |
ADENTRA Backtested Returns
ADENTRA secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. ADENTRA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ADENTRA's Risk Adjusted Performance of 0.0211, mean deviation of 1.41, and Downside Deviation of 1.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. ADENTRA returns are very sensitive to returns on the market. As the market goes up or down, ADENTRA is expected to follow. At this point, ADENTRA has a negative expected return of -0.006%. Please make sure to confirm ADENTRA's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if ADENTRA performance from the past will be repeated at some future date.
Auto-correlation | -0.4 |
Poor reverse predictability
ADENTRA has poor reverse predictability. Overlapping area represents the amount of predictability between ADENTRA time series from 28th of November 2025 to 13th of December 2025 and 13th of December 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ADENTRA price movement. The serial correlation of -0.4 indicates that just about 40.0% of current ADENTRA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
ADENTRA lagged returns against current returns
Autocorrelation, which is ADENTRA 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 ADENTRA's stock expected returns. We can calculate the autocorrelation of ADENTRA returns to help us make a trade decision. For example, suppose you find that ADENTRA 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 |
ADENTRA 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 ADENTRA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADENTRA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADENTRA stock over time.
Current vs Lagged Prices |
| Timeline |
ADENTRA Lagged Returns
When evaluating ADENTRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADENTRA stock have on its future price. ADENTRA 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, ADENTRA autocorrelation shows the relationship between ADENTRA stock current value and its past values and can show if there is a momentum factor associated with investing in ADENTRA.
Regressed Prices |
| Timeline |
Pair Trading with ADENTRA
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 ADENTRA 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 ADENTRA will appreciate offsetting losses from the drop in the long position's value.Moving against ADENTRA Stock
| 0.5 | GOOG | Alphabet CDR | PairCorr |
| 0.5 | GOOG | Alphabet CDR | PairCorr |
| 0.47 | STRR | Star Royalties | PairCorr |
| 0.44 | CN | Condor Resources | PairCorr |
| 0.4 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to ADENTRA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADENTRA 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 ADENTRA - 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 ADENTRA to buy it.
The correlation of ADENTRA 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 ADENTRA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADENTRA 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 ADENTRA 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 ADENTRA Stock
ADENTRA financial ratios help investors to determine whether ADENTRA 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 ADENTRA with respect to the benefits of owning ADENTRA security.