Adcorp (South Africa) Market Value
| ADR Stock | 460.00 20.00 4.17% |
| Symbol | Adcorp |
Adcorp '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 Adcorp'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 Adcorp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Adcorp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Adcorp or generate 0.0% return on investment in Adcorp over 30 days. Adcorp is related to or competes with Blue Label, Afine Investments, Standard Bank, HomeChoice Investments, and CA Sales. More
Adcorp 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 Adcorp'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 Adcorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 6.9 |
Adcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adcorp's standard deviation. In reality, there are many statistical measures that can use Adcorp historical prices to predict the future Adcorp's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.4772 |
Adcorp Backtested Returns
At this point, Adcorp is very steady. Adcorp secures Sharpe Ratio (or Efficiency) of 0.034, which signifies that the company had a 0.034% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Adcorp, which you can use to evaluate the volatility of the firm. Please confirm Adcorp's mean deviation of 2.4, and Risk Adjusted Performance of 4.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Adcorp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0928, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adcorp are expected to decrease at a much lower rate. During the bear market, Adcorp is likely to outperform the market. Adcorp right now shows a risk of 3.41%. Please confirm Adcorp total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Adcorp will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Adcorp has insignificant predictability. Overlapping area represents the amount of predictability between Adcorp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Adcorp price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Adcorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 111.29 |
Adcorp lagged returns against current returns
Autocorrelation, which is Adcorp 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 Adcorp's stock expected returns. We can calculate the autocorrelation of Adcorp returns to help us make a trade decision. For example, suppose you find that Adcorp 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 |
Adcorp 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 Adcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adcorp stock over time.
Current vs Lagged Prices |
| Timeline |
Adcorp Lagged Returns
When evaluating Adcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adcorp stock have on its future price. Adcorp 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, Adcorp autocorrelation shows the relationship between Adcorp stock current value and its past values and can show if there is a momentum factor associated with investing in Adcorp.
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.Other Information on Investing in Adcorp Stock
Adcorp financial ratios help investors to determine whether Adcorp 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 Adcorp with respect to the benefits of owning Adcorp security.