Admiral Group (UK) Market Value
| ADM Stock | 2,464 15.00 0.61% |
| Symbol | Admiral |
Admiral Group '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 Admiral Group'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 Admiral Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Admiral Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Admiral Group PLC or generate 0.0% return on investment in Admiral Group over 30 days. Admiral Group is related to or competes with Power Metal, Fulcrum Metals, AMG Advanced, Wheaton Precious, Broadridge Financial, Broadcom, and Universal Music. Admiral Group is entity of United Kingdom More
Admiral Group 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 Admiral Group'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 Admiral Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 5.68 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.17 |
Admiral Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Admiral Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Admiral Group's standard deviation. In reality, there are many statistical measures that can use Admiral Group historical prices to predict the future Admiral Group's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.77) |
Admiral Group PLC Backtested Returns
Admiral Group PLC secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Admiral Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Admiral Group's Mean Deviation of 0.769, risk adjusted performance of (0.17), and Standard Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Admiral Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Admiral Group is expected to be smaller as well. At this point, Admiral Group PLC has a negative expected return of -0.22%. Please make sure to confirm Admiral Group's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Admiral Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Admiral Group PLC has modest predictability. Overlapping area represents the amount of predictability between Admiral Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Admiral Group PLC price movement. The serial correlation of 0.53 indicates that about 53.0% of current Admiral Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1548.74 |
Admiral Group PLC lagged returns against current returns
Autocorrelation, which is Admiral Group 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 Admiral Group's stock expected returns. We can calculate the autocorrelation of Admiral Group returns to help us make a trade decision. For example, suppose you find that Admiral Group 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 |
Admiral Group 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 Admiral Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Admiral Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Admiral Group stock over time.
Current vs Lagged Prices |
| Timeline |
Admiral Group Lagged Returns
When evaluating Admiral Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Admiral Group stock have on its future price. Admiral Group 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, Admiral Group autocorrelation shows the relationship between Admiral Group stock current value and its past values and can show if there is a momentum factor associated with investing in Admiral Group PLC.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Admiral Stock
Admiral Group financial ratios help investors to determine whether Admiral 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 Admiral with respect to the benefits of owning Admiral Group security.