Adecco Group Ag Stock Market Value
| AHEXF Stock | USD 25.45 0.00 0.00% |
| Symbol | Adecco |
Adecco Group '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 Adecco Group's pink sheet 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 Adecco Group.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Adecco Group on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Adecco Group AG or generate 0.0% return on investment in Adecco Group over 30 days. Adecco Group is related to or competes with Hudson Global, Mastech Holdings, Kforce, Kelly Services, Heidrick Struggles, ManpowerGroup, and Korn Ferry. Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Eur... More
Adecco Group 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 Adecco Group's pink sheet 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 Adecco Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 18.35 |
Adecco Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adecco Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adecco Group's standard deviation. In reality, there are many statistical measures that can use Adecco Group historical prices to predict the future Adecco Group's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 3.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adecco Group'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.
Adecco Group AG Backtested Returns
Adecco Group AG secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Adecco Group AG exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adecco Group's risk adjusted performance of (0.1), and Mean Deviation of 0.7091 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adecco Group are expected to decrease at a much lower rate. During the bear market, Adecco Group is likely to outperform the market. At this point, Adecco Group AG has a negative expected return of -0.34%. Please make sure to confirm Adecco Group's variance, as well as the relationship between the skewness and day typical price , to decide if Adecco Group AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Adecco Group AG has no correlation between past and present. Overlapping area represents the amount of predictability between Adecco Group time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Adecco Group AG price movement. The serial correlation of 0.0 indicates that just 0.0% of current Adecco Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adecco Group AG lagged returns against current returns
Autocorrelation, which is Adecco Group pink sheet'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 Adecco Group's pink sheet expected returns. We can calculate the autocorrelation of Adecco Group returns to help us make a trade decision. For example, suppose you find that Adecco Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Adecco Group 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 Adecco Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adecco Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adecco Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Adecco Group Lagged Returns
When evaluating Adecco Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adecco Group pink sheet have on its future price. Adecco Group 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, Adecco Group autocorrelation shows the relationship between Adecco Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adecco Group AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Adecco Pink Sheet
Adecco Group financial ratios help investors to determine whether Adecco Pink Sheet 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 Adecco with respect to the benefits of owning Adecco Group security.