Addentax Group Corp Stock Market Value
| ATXG Stock | USD 0.57 0.01 1.79% |
| Symbol | Addentax |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Addentax Group. If investors know Addentax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Addentax Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Addentax Group's market value can be influenced by many factors that don't directly affect Addentax Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Addentax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addentax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addentax Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Addentax Group '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 Addentax Group'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 Addentax Group.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Addentax Group on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Addentax Group Corp or generate 0.0% return on investment in Addentax Group over 30 days. Addentax Group is related to or competes with Jayud Global, Freightos Limited, Radiant Logistics, JB Hunt, Forward Air, Shengfeng Development, and Hub. Addentax Group Corp., together with its subsidiaries, operates as a logistic service provider in the Peoples Republic of... More
Addentax Group 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 Addentax Group'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 Addentax Group Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.19 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 32.86 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.29 |
Addentax Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addentax Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addentax Group's standard deviation. In reality, there are many statistical measures that can use Addentax Group historical prices to predict the future Addentax Group's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.1696 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addentax Group'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.
Addentax Group Corp Backtested Returns
At this point, Addentax Group is out of control. Addentax Group Corp secures Sharpe Ratio (or Efficiency) of 0.011, which signifies that the company had a 0.011% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Addentax Group Corp, which you can use to evaluate the volatility of the firm. Please confirm Addentax Group's risk adjusted performance of 0.0171, and Mean Deviation of 4.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.066%. The firm shows a Beta (market volatility) of -1.14, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Addentax Group are expected to decrease slowly. On the other hand, during market turmoil, Addentax Group is expected to outperform it slightly. Addentax Group Corp right now shows a risk of 6.01%. Please confirm Addentax Group Corp standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Addentax Group Corp will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
Addentax Group Corp has modest predictability. Overlapping area represents the amount of predictability between Addentax Group time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Addentax Group Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current Addentax Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Addentax Group Corp lagged returns against current returns
Autocorrelation, which is Addentax Group 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 Addentax Group's stock expected returns. We can calculate the autocorrelation of Addentax Group returns to help us make a trade decision. For example, suppose you find that Addentax Group 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 |
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Addentax Group 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 Addentax Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addentax Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addentax Group stock over time.
Current vs Lagged Prices |
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Addentax Group Lagged Returns
When evaluating Addentax Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addentax Group stock have on its future price. Addentax Group 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, Addentax Group autocorrelation shows the relationship between Addentax Group stock current value and its past values and can show if there is a momentum factor associated with investing in Addentax Group Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Addentax Group Corp is a strong investment it is important to analyze Addentax Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Addentax Group's future performance. For an informed investment choice regarding Addentax Stock, refer to the following important reports:Check out Addentax Group Correlation, Addentax Group Volatility and Addentax Group Alpha and Beta module to complement your research on Addentax Group. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Addentax Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.