Adf Group Stock Market Value
| DRX Stock | CAD 16.75 0.57 3.29% |
| Symbol | ADF |
ADF Group Price To Book Ratio
ADF '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 ADF'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 ADF.
| 06/15/2022 |
| 06/04/2024 |
If you would invest 0.00 in ADF on June 15, 2022 and sell it all today you would earn a total of 0.00 from holding ADF Group or generate 0.0% return on investment in ADF over 720 days. ADF is related to or competes with Suncor Energy, Cineplex, Enbridge, BlackBerry, and Toronto Dominion. ADF Group Inc. engages in the design and engineering of connections and fabrication and installation of complex steel su... More
ADF 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 ADF'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 ADF Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.1784 | |||
| Maximum Drawdown | 28.94 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 6.44 |
ADF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADF's standard deviation. In reality, there are many statistical measures that can use ADF historical prices to predict the future ADF's volatility.| Risk Adjusted Performance | 0.1256 | |||
| Jensen Alpha | 0.8126 | |||
| Total Risk Alpha | 0.6347 | |||
| Sortino Ratio | 0.2548 | |||
| Treynor Ratio | 3.67 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ADF'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.
ADF Group Backtested Returns
ADF appears to be somewhat reliable, given 3 months investment horizon. ADF Group secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By evaluating ADF's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of ADF's Mean Deviation of 3.19, risk adjusted performance of 0.1256, and Downside Deviation of 3.11 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ADF holds a performance score of 16. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ADF's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADF is expected to be smaller as well. Please check ADF's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether ADF's price patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
ADF Group has very good predictability. Overlapping area represents the amount of predictability between ADF time series from 15th of June 2022 to 10th of June 2023 and 10th of June 2023 to 4th 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 ADF Group price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current ADF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 14.5 |
ADF Group lagged returns against current returns
Autocorrelation, which is ADF 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 ADF's stock expected returns. We can calculate the autocorrelation of ADF returns to help us make a trade decision. For example, suppose you find that ADF 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 |
| Timeline |
ADF 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 ADF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADF stock over time.
Current vs Lagged Prices |
| Timeline |
ADF Lagged Returns
When evaluating ADF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADF stock have on its future price. ADF 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, ADF autocorrelation shows the relationship between ADF stock current value and its past values and can show if there is a momentum factor associated with investing in ADF Group.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in ADF Stock
ADF financial ratios help investors to determine whether ADF Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ADF with respect to the benefits of owning ADF security.