Adocia (France) Market Value
| ADOC Stock | EUR 8.14 0.19 2.28% |
| Symbol | Adocia |
Adocia '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 Adocia'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 Adocia.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Adocia on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Adocia or generate 0.0% return on investment in Adocia over 600 days. Adocia is related to or competes with Biomerieux, Eurofins Scientific, Sartorius Stedim, and SEB SA. Adocia SA, a clinical-stage biotechnology company, researches and develops formulations of pre-approved therapeutic prot... More
Adocia 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 Adocia'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 Adocia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 32.58 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 11.34 |
Adocia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adocia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adocia's standard deviation. In reality, there are many statistical measures that can use Adocia historical prices to predict the future Adocia's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 0.7403 | |||
| Total Risk Alpha | 0.0274 | |||
| Sortino Ratio | 0.1566 | |||
| Treynor Ratio | (2.84) |
Adocia Backtested Returns
Adocia appears to be moderately volatile, given 3 months investment horizon. Adocia secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Adocia's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Adocia's Risk Adjusted Performance of 0.1134, mean deviation of 3.39, and Downside Deviation of 3.93 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adocia holds a performance score of 9. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adocia are expected to decrease at a much lower rate. During the bear market, Adocia is likely to outperform the market. Please check Adocia's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Adocia's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Adocia has good reverse predictability. Overlapping area represents the amount of predictability between Adocia time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Adocia price movement. The serial correlation of -0.51 indicates that about 51.0% of current Adocia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
Adocia lagged returns against current returns
Autocorrelation, which is Adocia 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 Adocia's stock expected returns. We can calculate the autocorrelation of Adocia returns to help us make a trade decision. For example, suppose you find that Adocia 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 |
Adocia 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 Adocia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adocia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adocia stock over time.
Current vs Lagged Prices |
| Timeline |
Adocia Lagged Returns
When evaluating Adocia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adocia stock have on its future price. Adocia 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, Adocia autocorrelation shows the relationship between Adocia stock current value and its past values and can show if there is a momentum factor associated with investing in Adocia.
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 Adocia Stock
Adocia financial ratios help investors to determine whether Adocia 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 Adocia with respect to the benefits of owning Adocia security.