AD Plastik (Croatia) Market Value
ADPL Stock | 9.98 0.04 0.40% |
Symbol | ADPL |
AD Plastik '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 AD Plastik'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 AD Plastik.
09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in AD Plastik on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding AD Plastik dd or generate 0.0% return on investment in AD Plastik over 90 days. AD Plastik is related to or competes with Hrvatska Postanska, Dalekovod, Podravka Prehrambena, Zagrebacka Banka, and Arena Hospitality. More
AD Plastik 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 AD Plastik'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 AD Plastik dd upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.19) | |||
Maximum Drawdown | 11.22 | |||
Value At Risk | (4.45) | |||
Potential Upside | 3.3 |
AD Plastik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AD Plastik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AD Plastik's standard deviation. In reality, there are many statistical measures that can use AD Plastik historical prices to predict the future AD Plastik's volatility.Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.22) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | 0.3202 |
AD Plastik dd Backtested Returns
AD Plastik dd retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the company had a -0.13% return per unit of price deviation over the last 3 months. AD Plastik exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AD Plastik's Market Risk Adjusted Performance of 0.3302, information ratio of (0.19), and Variance of 5.87 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -1.08, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning AD Plastik are expected to decrease slowly. On the other hand, during market turmoil, AD Plastik is expected to outperform it slightly. At this point, AD Plastik dd has a negative expected return of -0.32%. Please make sure to confirm AD Plastik's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if AD Plastik dd performance from the past will be repeated sooner or later.
Auto-correlation | 0.14 |
Insignificant predictability
AD Plastik dd has insignificant predictability. Overlapping area represents the amount of predictability between AD Plastik time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 AD Plastik dd price movement. The serial correlation of 0.14 indicates that less than 14.0% of current AD Plastik price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.14 | |
Spearman Rank Test | 0.24 | |
Residual Average | 0.0 | |
Price Variance | 0.15 |
AD Plastik dd lagged returns against current returns
Autocorrelation, which is AD Plastik 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 AD Plastik's stock expected returns. We can calculate the autocorrelation of AD Plastik returns to help us make a trade decision. For example, suppose you find that AD Plastik 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 |
AD Plastik 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 AD Plastik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AD Plastik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AD Plastik stock over time.
Current vs Lagged Prices |
Timeline |
AD Plastik Lagged Returns
When evaluating AD Plastik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AD Plastik stock have on its future price. AD Plastik 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, AD Plastik autocorrelation shows the relationship between AD Plastik stock current value and its past values and can show if there is a momentum factor associated with investing in AD Plastik dd.
Regressed Prices |
Timeline |
Also Currently Popular
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.Additional Tools for ADPL Stock Analysis
When running AD Plastik's price analysis, check to measure AD Plastik's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AD Plastik is operating at the current time. Most of AD Plastik's value examination focuses on studying past and present price action to predict the probability of AD Plastik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AD Plastik's price. Additionally, you may evaluate how the addition of AD Plastik to your portfolios can decrease your overall portfolio volatility.