Adecco Group Stock Market Value
| AHEXY Stock | USD 13.00 0.07 0.54% |
| Symbol | Adecco |
Adecco '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 Adecco's pink sheet 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 Adecco.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Adecco on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Adecco Group or generate 0.0% return on investment in Adecco over 30 days. Adecco is related to or competes with ManpowerGroup, Robert Half, Caldwell Partners, Korn Ferry, Kelly Services, Kforce, and Hudson Global. Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Eur... More
Adecco 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 Adecco's pink sheet 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 Adecco Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 10.05 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 2.19 |
Adecco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adecco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adecco's standard deviation. In reality, there are many statistical measures that can use Adecco historical prices to predict the future Adecco's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (1.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adecco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Adecco Group Backtested Returns
Adecco Group secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of standard deviation over the last 3 months. Adecco Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adecco's risk adjusted performance of (0.17), and Mean Deviation of 1.33 to double-check the risk estimate we provide. 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, Adecco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adecco is expected to be smaller as well. At this point, Adecco Group has a negative expected return of -0.42%. Please make sure to confirm Adecco's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Adecco Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Adecco Group has very good predictability. Overlapping area represents the amount of predictability between Adecco 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 Adecco Group price movement. The serial correlation of 0.82 indicates that around 82.0% of current Adecco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Adecco Group lagged returns against current returns
Autocorrelation, which is Adecco pink sheet'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 Adecco's pink sheet expected returns. We can calculate the autocorrelation of Adecco returns to help us make a trade decision. For example, suppose you find that Adecco has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Adecco 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 Adecco pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adecco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adecco pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Adecco Lagged Returns
When evaluating Adecco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adecco pink sheet have on its future price. Adecco 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, Adecco autocorrelation shows the relationship between Adecco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adecco Group.
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.Additional Tools for Adecco Pink Sheet Analysis
When running Adecco's price analysis, check to measure Adecco'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 Adecco is operating at the current time. Most of Adecco's value examination focuses on studying past and present price action to predict the probability of Adecco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adecco's price. Additionally, you may evaluate how the addition of Adecco to your portfolios can decrease your overall portfolio volatility.