ADC Therapeutics Stock Forecast - Day Median Price
| ADCT Stock | USD 4.78 0.19 3.82% |
ADC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ADC Therapeutics stock prices and determine the direction of ADC Therapeutics SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ADC Therapeutics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although ADC Therapeutics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ADC Therapeutics' systematic risk associated with finding meaningful patterns of ADC Therapeutics fundamentals over time.
Check out Historical Fundamental Analysis of ADC Therapeutics to cross-verify your projections. ADC |
Open Interest Against 2024-05-17 ADC Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ADC Therapeutics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ADC Therapeutics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ADC Therapeutics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ADC Therapeutics' open interest, investors have to compare it to ADC Therapeutics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ADC Therapeutics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ADC. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ADC Therapeutics cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ADC Therapeutics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ADC Therapeutics' price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 4.9 | 4.86 |
| Check ADC Therapeutics Volatility | Backtest ADC Therapeutics | Information Ratio |
ADC Therapeutics Trading Date Momentum
| On April 24 2024 ADC Therapeutics SA was traded for 4.78 at the closing time. The top price for the day was 5.00 and the lowest listed price was 4.71 . The trading volume for the day was 276.6 K. The trading history from April 24, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.97% . |
The median price is the midpoint of the trading periods range.
| Compare ADC Therapeutics to competition |
Other Forecasting Options for ADC Therapeutics
For every potential investor in ADC, whether a beginner or expert, ADC Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ADC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ADC. Basic forecasting techniques help filter out the noise by identifying ADC Therapeutics' price trends.ADC Therapeutics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ADC Therapeutics stock to make a market-neutral strategy. Peer analysis of ADC Therapeutics could also be used in its relative valuation, which is a method of valuing ADC Therapeutics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ADC Therapeutics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ADC Therapeutics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ADC Therapeutics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ADC Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how ADC Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ADC Therapeutics shares will generate the highest return on investment. By undertsting and applying ADC Therapeutics stock market strength indicators, traders can identify ADC Therapeutics SA entry and exit signals to maximize returns.
| Accumulation Distribution | 16040.07 | |||
| Daily Balance Of Power | (0.66) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 4.86 | |||
| Day Typical Price | 4.83 | |||
| Price Action Indicator | (0.17) | |||
| Period Momentum Indicator | (0.19) | |||
| Relative Strength Index | 24.77 |
ADC Therapeutics Risk Indicators
The analysis of ADC Therapeutics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ADC Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting adc stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.07 | |||
| Semi Deviation | 3.96 | |||
| Standard Deviation | 6.79 | |||
| Variance | 46.16 | |||
| Downside Variance | 22.06 | |||
| Semi Variance | 15.7 | |||
| Expected Short fall | (6.73) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with ADC Therapeutics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ADC Therapeutics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ADC Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with ADC Stock
| 0.65 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
Moving against ADC Stock
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.67 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.64 | AAPL | Apple Inc Earnings Call Next Week | PairCorr |
| 0.53 | MX | MagnaChip Semiconductor Earnings Call Next Week | PairCorr |
| 0.51 | INTC | Intel Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to ADC Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADC Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ADC Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ADC Therapeutics SA to buy it.
The correlation of ADC Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADC Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADC Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ADC Therapeutics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ADC Therapeutics to cross-verify your projections. Note that the ADC Therapeutics information on this page should be used as a complementary analysis to other ADC Therapeutics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for ADC Stock analysis
When running ADC Therapeutics' price analysis, check to measure ADC Therapeutics' 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 ADC Therapeutics is operating at the current time. Most of ADC Therapeutics' value examination focuses on studying past and present price action to predict the probability of ADC Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADC Therapeutics' price. Additionally, you may evaluate how the addition of ADC Therapeutics to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
Is ADC Therapeutics' industry 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 ADC Therapeutics. If investors know ADC 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 ADC Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.94) | Revenue Per Share 0.851 | Quarterly Revenue Growth (0.76) | Return On Assets (0.25) | Return On Equity (7.06) |
The market value of ADC Therapeutics is measured differently than its book value, which is the value of ADC that is recorded on the company's balance sheet. Investors also form their own opinion of ADC Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is ADC Therapeutics' 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 ADC Therapeutics' market value can be influenced by many factors that don't directly affect ADC Therapeutics' 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 ADC Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if ADC Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADC Therapeutics' 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.