ADS Maritime (Norway) Market Value
| ADS Stock | NOK 1.94 0.08 3.96% |
| Symbol | ADS |
ADS Maritime '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 ADS Maritime'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 ADS Maritime.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ADS Maritime on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ADS Maritime Holding or generate 0.0% return on investment in ADS Maritime over 720 days. ADS Maritime is related to or competes with Havila Shipping, Shelf Drilling, Solstad Offsho, and Eidesvik Offshore. ADS Maritime Holding Plc operates as a shipping investment company More
ADS Maritime 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 ADS Maritime'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 ADS Maritime Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 4.08 |
ADS Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADS Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADS Maritime's standard deviation. In reality, there are many statistical measures that can use ADS Maritime historical prices to predict the future ADS Maritime's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1162 |
ADS Maritime Holding Backtested Returns
As of now, ADS Stock is risky. ADS Maritime Holding secures Sharpe Ratio (or Efficiency) of 0.0216, which signifies that the company had a 0.0216% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ADS Maritime Holding, which you can use to evaluate the volatility of the firm. Please confirm ADS Maritime's mean deviation of 1.3, and Risk Adjusted Performance of 0.0176 to double-check if the risk estimate we provide is consistent with the expected return of 0.049%. ADS Maritime has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ADS Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADS Maritime is expected to be smaller as well. ADS Maritime Holding now shows a risk of 2.27%. Please confirm ADS Maritime Holding semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if ADS Maritime Holding will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
ADS Maritime Holding has virtually no predictability. Overlapping area represents the amount of predictability between ADS Maritime time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 ADS Maritime Holding price movement. The serial correlation of 0.07 indicates that barely 7.0% of current ADS Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ADS Maritime Holding lagged returns against current returns
Autocorrelation, which is ADS Maritime 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 ADS Maritime's stock expected returns. We can calculate the autocorrelation of ADS Maritime returns to help us make a trade decision. For example, suppose you find that ADS Maritime 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 |
ADS Maritime 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 ADS Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADS Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADS Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
ADS Maritime Lagged Returns
When evaluating ADS Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADS Maritime stock have on its future price. ADS Maritime 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, ADS Maritime autocorrelation shows the relationship between ADS Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in ADS Maritime Holding.
Regressed Prices |
| Timeline |
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ADS Maritime financial ratios help investors to determine whether ADS 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 ADS with respect to the benefits of owning ADS Maritime security.