Adidas Ag Adr Stock Market Value
| ADDYY Stock | USD 121.72 0.57 0.47% |
| 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Adidas AG on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Adidas AG ADR or generate 0.0% return on investment in Adidas AG over 30 days. Adidas AG is related to or competes with American Rebel, Crocs, On Holding, Deckers Outdoor, Skechers USA, Steven Madden, and Designer Brands. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.1681 | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.99 |
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 | 0.1375 | |||
| Jensen Alpha | 0.339 | |||
| Total Risk Alpha | 0.1588 | |||
| Sortino Ratio | 0.1529 | |||
| Treynor Ratio | 0.2904 |
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 ADR Backtested Returns
Adidas AG appears to be very steady, given 3 months investment horizon. Adidas AG ADR 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 twenty-nine technical indicators for Adidas AG ADR, which you can use to evaluate the volatility of the firm. Please makes use of Adidas AG's Risk Adjusted Performance of 0.1375, mean deviation of 1.49, and Downside Deviation of 2.58 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 13. The firm shows a Beta (market volatility) of 1.65, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Adidas AG will likely underperform. Please check Adidas AG's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Adidas AG's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Adidas AG ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Adidas AG time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 ADR price movement. The serial correlation of -0.75 indicates that around 75.0% of current Adidas AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 40.9 |
Adidas AG ADR 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 ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Adidas AG in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Adidas AG's short interest history, or implied volatility extrapolated from Adidas AG options trading.
Pair Trading with Adidas AG
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 Adidas AG 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 Adidas AG will appreciate offsetting losses from the drop in the long position's value.Moving together with Adidas OTC Stock
| 0.69 | ONON | On Holding Financial Report 21st of May 2024 | PairCorr |
Moving against Adidas OTC Stock
| 0.67 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.64 | PTAIF | PT Astra International | PairCorr |
| 0.48 | BIRK | Birkenstock Holding plc | PairCorr |
| 0.42 | PKX | POSCO Holdings | PairCorr |
The ability to find closely correlated positions to Adidas AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adidas AG 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 Adidas AG - 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 Adidas AG ADR to buy it.
The correlation of Adidas AG 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 Adidas AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adidas AG ADR 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 Adidas AG 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 Adidas AG Correlation, Adidas AG Volatility and Adidas AG Alpha and Beta module to complement your research on Adidas AG. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.