Adams Resources Energy Stock Market Value
| AE Stock | USD 29.52 0.92 3.22% |
| Symbol | Adams |
Adams Resources Energy Price To Book Ratio
Is Adams Resources' 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 Adams Resources. If investors know Adams 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 Adams Resources 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 0.763 | Dividend Share 0.96 | Earnings Share 0.08 | Revenue Per Share 1.1 K | Quarterly Revenue Growth (0.05) |
The market value of Adams Resources Energy is measured differently than its book value, which is the value of Adams that is recorded on the company's balance sheet. Investors also form their own opinion of Adams Resources' value that differs from its market value or its book value, called intrinsic value, which is Adams Resources' 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 Adams Resources' market value can be influenced by many factors that don't directly affect Adams Resources' 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 Adams Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Adams Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adams Resources' 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.
Adams Resources '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 Adams Resources' 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 Adams Resources.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Adams Resources on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Adams Resources Energy or generate 0.0% return on investment in Adams Resources over 30 days. Adams Resources is related to or competes with PrimeEnergy, Barnwell Industries, Acme United, CKX Lands, and ACNB. Adams Resources Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling... More
Adams Resources 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 Adams Resources' 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 Adams Resources Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 4.71 |
Adams Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adams Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adams Resources' standard deviation. In reality, there are many statistical measures that can use Adams Resources historical prices to predict the future Adams Resources' volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.2873 | |||
| Total Risk Alpha | 0.0868 | |||
| Sortino Ratio | 0.1085 | |||
| Treynor Ratio | 2.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adams Resources' 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.
Adams Resources Energy Backtested Returns
Adams Resources appears to be very steady, given 3 months investment horizon. Adams Resources Energy secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Adams Resources Energy, which you can use to evaluate the volatility of the firm. Please makes use of Adams Resources' risk adjusted performance of 0.0746, and Mean Deviation of 2.02 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adams Resources holds a performance score of 9. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adams Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Adams Resources is expected to be smaller as well. Please check Adams Resources' mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Adams Resources' price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Adams Resources Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Adams Resources time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Adams Resources Energy price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Adams Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Adams Resources Energy lagged returns against current returns
Autocorrelation, which is Adams Resources 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 Adams Resources' stock expected returns. We can calculate the autocorrelation of Adams Resources returns to help us make a trade decision. For example, suppose you find that Adams Resources 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 |
Adams Resources 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 Adams Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adams Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adams Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Adams Resources Lagged Returns
When evaluating Adams Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adams Resources stock have on its future price. Adams Resources 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, Adams Resources autocorrelation shows the relationship between Adams Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Adams Resources Energy.
Regressed Prices |
| Timeline |
Pair Trading with Adams Resources
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 Adams Resources 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 Adams Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Adams Stock
| 0.81 | CSAN | Cosan SA ADR Financial Report 20th of May 2024 | PairCorr |
| 0.65 | CLNE | Clean Energy Fuels Financial Report 14th of May 2024 | PairCorr |
| 0.63 | VTNR | Vertex Energy Buyout Trend | PairCorr |
| 0.6 | DKL | Delek Logistics Partners Financial Report 13th of May 2024 | PairCorr |
| 0.58 | SGU | Star Gas Partners | PairCorr |
The ability to find closely correlated positions to Adams Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adams Resources 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 Adams Resources - 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 Adams Resources Energy to buy it.
The correlation of Adams Resources 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 Adams Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adams Resources Energy 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 Adams Resources 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 Adams Resources Correlation, Adams Resources Volatility and Adams Resources Alpha and Beta module to complement your research on Adams Resources. Note that the Adams Resources Energy information on this page should be used as a complementary analysis to other Adams Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Adams Stock analysis
When running Adams Resources' price analysis, check to measure Adams Resources' 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 Adams Resources is operating at the current time. Most of Adams Resources' value examination focuses on studying past and present price action to predict the probability of Adams Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adams Resources' price. Additionally, you may evaluate how the addition of Adams Resources to your portfolios can decrease your overall portfolio volatility.
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Adams Resources 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.