Addus Stock Market Value

ADUS Stock

USD 102.95 3.24 3.25%

Addus HomeCare's market value is the price at which a share of Addus HomeCare stock trades on a public exchange. It measures the collective expectations of Addus HomeCare investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Addus HomeCare and determine expected loss or profit from investing in Addus HomeCare over a given investment horizon. Check out Addus HomeCare Correlation, Addus HomeCare Volatility and Addus HomeCare Alpha and Beta module to complement your research on Addus HomeCare. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.

Symbol

Addus HomeCare company Valuation

Is Addus HomeCare's 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 Addus HomeCare. If investors know Addus 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 Addus HomeCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.11

Earnings Share

2.87

Revenue Per Share

59.966

Quarterly Revenue Growth

0.1

Return On Assets

0.0488

The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare'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 Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare'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 Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine Addus HomeCare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare'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.

Addus HomeCare '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 Addus HomeCare'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 Addus HomeCare.

0.00

01/23/2023

No Change 0.00

0.0

In 2 months and 2 days

03/24/2023

0.00

If you would invest 0.00 in Addus HomeCare on January 23, 2023 and sell it all today you would earn a total of 0.00 from holding Addus HomeCare or generate 0.0% return on investment in Addus HomeCare over 60 days. Addus HomeCare is related to or competes with Acadia Healthcare, Agilon Health, Airsculpt Technologies, Avalon GloboCare, Alerislife, Apollo Medical, and AMN Healthcare. Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill,... More

Addus HomeCare 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 Addus HomeCare'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 Addus HomeCare upside and downside potential and time the market with a certain degree of confidence.

	Information Ratio	(0.001367)
	Maximum Drawdown	6.6
	Value At Risk	(2.43)
	Potential Upside	2.42

Addus HomeCare Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Addus HomeCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addus HomeCare's standard deviation. In reality, there are many statistical measures that can use Addus HomeCare historical prices to predict the future Addus HomeCare's volatility.

	Risk Adjusted Performance	(0.015328)
	Jensen Alpha	(0.008398)
	Total Risk Alpha	0.0215
	Treynor Ratio	(0.048727)

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Addus HomeCare'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. Please use the tools below to analyze the current value of Addus HomeCare in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
98.17	99.73	101.29

Details

Intrinsic

Valuation

Low	Real Value	High
89.74	113.42	114.98

Details

8 Analysts

Consensus

Low	Target Price	High
120.00	124.43	130.00

Details

Earnings

Estimates (4)

Low	Projected EPS	High
0.77	0.81	0.83

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Addus HomeCare. Your research has to be compared to or analyzed against Addus HomeCare's peers to derive any actionable benefits. When done correctly, Addus HomeCare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Addus HomeCare.

Addus HomeCare Backtested Returns

We consider Addus HomeCare very steady. Addus HomeCare secures Sharpe Ratio (or Efficiency) of 0.0225, which signifies that the company had 0.0225% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Addus HomeCare, which you can use to evaluate the future volatility of the firm. Please confirm Addus HomeCare mean deviation of 1.22, and Risk Adjusted Performance of (0.015328) to double-check if the risk estimate we provide is consistent with the expected return of 0.0351%.

Addus HomeCare has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.8371, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Addus's beta means in this case. As returns on the market increase, Addus HomeCare returns are expected to increase less than the market. However, during the bear market, the loss on holding Addus HomeCare will be expected to be smaller as well. Although it is important to respect Addus HomeCare historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Addus HomeCare technical indicators, you can presently evaluate if the expected return of 0.0351% will be sustainable into the future. Addus HomeCare right now shows a risk of 1.56%. Please confirm Addus HomeCare maximum drawdown, and the relationship between the information ratio and expected short fall to decide if Addus HomeCare will be following its price patterns.

Auto-correlation

0.55

Modest predictability

Addus HomeCare has modest predictability. Overlapping area represents the amount of predictability between Addus HomeCare time series from 23rd of January 2023 to 22nd of February 2023 and 22nd of February 2023 to 24th of March 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Addus HomeCare price movement. The serial correlation of 0.55 indicates that about 55.0% of current Addus HomeCare price fluctuation can be explain by its past prices.

	Correlation Coefficient	0.55
	Spearman Rank Test	0.22
	Residual Average	0.0
	Price Variance	13.22

Addus HomeCare lagged returns against current returns

Autocorrelation, which is Addus HomeCare 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 Addus HomeCare's stock expected returns. We can calculate the autocorrelation of Addus HomeCare returns to help us make a trade decision. For example, suppose you find that Addus HomeCare stock 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 stock movement to match the lagging time series.

Current and Lagged Values

Timeline

Addus HomeCare 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 Addus HomeCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addus HomeCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addus HomeCare stock over time.

Current vs Lagged Prices

Timeline

Addus HomeCare Lagged Returns

When evaluating Addus HomeCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addus HomeCare stock have on its future price. Addus HomeCare 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, Addus HomeCare autocorrelation shows the relationship between Addus HomeCare stock current value and its past values and can show if there is a momentum factor associated with investing in Addus HomeCare.

Regressed Prices

Timeline

Addus HomeCare Investors Sentiment

The influence of Addus HomeCare's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Addus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Investor biases related to Addus HomeCare's public news can be used to forecast risks associated with investment in Addus. The trend in average sentiment can be used to explain how an investor holding Addus can time the market purely based on public headlines and social activities around Addus HomeCare. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

Addus HomeCare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Addus HomeCare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Addus HomeCare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Addus HomeCare.

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 Addus HomeCare 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, Addus HomeCare's short interest history, or implied volatility extrapolated from Addus HomeCare options trading.

Pair Trading with Addus HomeCare

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 Addus HomeCare 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 Addus HomeCare will appreciate offsetting losses from the drop in the long position's value.

Moving together with Addus HomeCare

0.67

NEOG

Neogen

Earnings Call This Week

Pair Corr

Moving against Addus HomeCare

0.62

ABBV

AbbVie Inc

Fiscal Quarter End 31st of March 2023

Pair Corr

The ability to find closely correlated positions to Addus HomeCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addus HomeCare 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 Addus HomeCare - 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 Addus HomeCare to buy it.

The correlation of Addus HomeCare is a statistical measure of how it moves in relation to other equities. 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 Addus HomeCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addus HomeCare 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 Addus HomeCare 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.

Pair Correlation Correlation Matching

Check out Addus HomeCare Correlation, Addus HomeCare Volatility and Addus HomeCare Alpha and Beta module to complement your research on Addus HomeCare. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Addus HomeCare price analysis, check to measure Addus HomeCare'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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.

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Addus HomeCare 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.

Volatility Indicators

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Value Movement

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A focus of Addus HomeCare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Addus HomeCare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Addus Stock Market Value

Addus HomeCare company Valuation

Addus HomeCare 'What if' Analysis

Addus HomeCare Upside/Downside Indicators

Addus HomeCare Market Risk Indicators

Addus HomeCare Backtested Returns

Auto-correlation

Modest predictability

Addus HomeCare lagged returns against current returns

Addus HomeCare regressed lagged prices vs. current prices

Addus HomeCare Lagged Returns

Addus HomeCare Investors Sentiment

Pair Trading with Addus HomeCare

Moving together with Addus HomeCare

Moving against Addus HomeCare

Complementary Tools for analysis

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