Adcock Ingram (South Africa) Market Value
| AIP Stock | 6,655 54.00 0.82% |
| Symbol | Adcock |
Adcock Ingram '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 Adcock Ingram'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 Adcock Ingram.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Adcock Ingram on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Adcock Ingram Holdings or generate 0.0% return on investment in Adcock Ingram over 60 days. Adcock Ingram is related to or competes with Frontier Transport, Hosken Consolidated, HomeChoice Investments, Trematon Capital, and African Media. More
Adcock Ingram 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 Adcock Ingram'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 Adcock Ingram Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.12 |
Adcock Ingram Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adcock Ingram's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adcock Ingram's standard deviation. In reality, there are many statistical measures that can use Adcock Ingram historical prices to predict the future Adcock Ingram's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.12) |
Adcock Ingram Holdings Backtested Returns
At this point, Adcock Ingram is very steady. Adcock Ingram Holdings secures Sharpe Ratio (or Efficiency) of 0.0356, which signifies that the company had a 0.0356% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Adcock Ingram Holdings, which you can use to evaluate the volatility of the firm. Please confirm Adcock Ingram's mean deviation of 1.41, and Risk Adjusted Performance of 0.0287 to double-check if the risk estimate we provide is consistent with the expected return of 0.0639%. Adcock Ingram has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adcock Ingram are expected to decrease at a much lower rate. During the bear market, Adcock Ingram is likely to outperform the market. Adcock Ingram Holdings right now shows a risk of 1.8%. Please confirm Adcock Ingram Holdings mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Adcock Ingram Holdings will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Adcock Ingram Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Adcock Ingram time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Adcock Ingram Holdings price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Adcock Ingram price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 6489.33 |
Adcock Ingram Holdings lagged returns against current returns
Autocorrelation, which is Adcock Ingram 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 Adcock Ingram's stock expected returns. We can calculate the autocorrelation of Adcock Ingram returns to help us make a trade decision. For example, suppose you find that Adcock Ingram 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 |
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Adcock Ingram 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 Adcock Ingram stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adcock Ingram stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adcock Ingram stock over time.
Current vs Lagged Prices |
| Timeline |
Adcock Ingram Lagged Returns
When evaluating Adcock Ingram's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adcock Ingram stock have on its future price. Adcock Ingram 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, Adcock Ingram autocorrelation shows the relationship between Adcock Ingram stock current value and its past values and can show if there is a momentum factor associated with investing in Adcock Ingram Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Adcock Stock
Adcock Ingram financial ratios help investors to determine whether Adcock 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 Adcock with respect to the benefits of owning Adcock Ingram security.