Adidas Ag Stock Market Value
| ADDDF Stock | USD 252.17 8.11 3.32% |
| Symbol | Adidas |
Adidas AG '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 Adidas AG's otc 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 Adidas AG.
| 06/12/2022 |
| 06/01/2024 |
If you would invest 0.00 in Adidas AG on June 12, 2022 and sell it all today you would earn a total of 0.00 from holding Adidas AG or generate 0.0% return on investment in Adidas AG over 720 days. Adidas AG is related to or competes with American Rebel, Nike, Skechers USA, Deckers Outdoor, and Steven Madden. adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle pro... More
Adidas AG 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 Adidas AG's otc 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 Adidas AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.1384 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.32 |
Adidas AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adidas AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adidas AG's standard deviation. In reality, there are many statistical measures that can use Adidas AG historical prices to predict the future Adidas AG's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.3026 | |||
| Total Risk Alpha | 0.2067 | |||
| Sortino Ratio | 0.1546 | |||
| Treynor Ratio | 0.5177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adidas AG'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.
Adidas AG Backtested Returns
Adidas AG appears to be very steady, given 3 months investment horizon. Adidas AG secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Adidas AG, which you can use to evaluate the volatility of the firm. Please makes use of Adidas AG's Mean Deviation of 1.54, downside deviation of 1.87, and Risk Adjusted Performance of 0.107 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adidas AG holds a performance score of 14. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adidas AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adidas AG is expected to be smaller as well. Please check Adidas AG's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Adidas AG's price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Adidas AG has modest predictability. Overlapping area represents the amount of predictability between Adidas AG time series from 12th of June 2022 to 7th of June 2023 and 7th of June 2023 to 1st of June 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 Adidas AG price movement. The serial correlation of 0.52 indicates that about 52.0% of current Adidas AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 421.61 |
Adidas AG lagged returns against current returns
Autocorrelation, which is Adidas AG otc 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 Adidas AG's otc stock expected returns. We can calculate the autocorrelation of Adidas AG returns to help us make a trade decision. For example, suppose you find that Adidas AG has exhibited high autocorrelation historically, and you observe that the otc 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 |
Adidas AG 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 Adidas AG otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adidas AG otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adidas AG otc stock over time.
Current vs Lagged Prices |
| Timeline |
Adidas AG Lagged Returns
When evaluating Adidas AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adidas AG otc stock have on its future price. Adidas AG 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, Adidas AG autocorrelation shows the relationship between Adidas AG otc stock current value and its past values and can show if there is a momentum factor associated with investing in Adidas AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Adidas AG Correlation, Adidas AG Volatility and Adidas AG Alpha and Beta module to complement your research on Adidas AG. Note that the Adidas AG information on this page should be used as a complementary analysis to other Adidas AG's 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Adidas OTC Stock analysis
When running Adidas AG's price analysis, check to measure Adidas AG'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 Adidas AG is operating at the current time. Most of Adidas AG's value examination focuses on studying past and present price action to predict the probability of Adidas AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adidas AG's price. Additionally, you may evaluate how the addition of Adidas AG to your portfolios can decrease your overall portfolio volatility.
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Adidas AG technical otc 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, otc market cycles, or different charting patterns.