Advanced Digital (Korea) Today
Advanced Digital is trading at 158.00 as of the 19th of April 2024, a -3.66 percent decrease since the beginning of the trading day. The stock's open price was 164.0. Equity ratings for Advanced Digital Chips are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Valuation
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Advanced Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Advanced Digital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Advanced Digital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO, Director | Gi Gwon |
| Business Concentration | Information Technology, Semiconductors & Semiconductor Equipment, Semiconductors & Semiconductor Equipment, Information Technology (View all Sectors) |
Advanced Digital Chips (054630) is traded on KOSDAQ in Korea and employs 18 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.04 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Advanced Digital's market, we take the total number of its shares issued and multiply it by Advanced Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Advanced Digital Chips operates under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 27 M outstanding shares.
Advanced Digital Chips has accumulated about 314.72 M in cash with (4.12 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 163.98.
Check Advanced Digital Probability Of Bankruptcy
Advanced Stock Price Odds Analysis
What are Advanced Digital's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Advanced Digital jumping above the current price in 90 days from now is about 98.0%. The Advanced Digital Chips probability density function shows the probability of Advanced Digital stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Advanced Digital Chips has a beta of -1.8266. This suggests as returns on its benchmark rise, returns on holding Advanced Digital Chips are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Advanced Digital is expected to outperform its benchmark. Additionally, advanced Digital Chips has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Advanced Digital to move above the current price in 90 days from now is about 98.0 (This Advanced Digital Chips probability density function shows the probability of Advanced Stock to fall within a particular range of prices over 90 days) .
Advanced Digital Chips Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Advanced Digital market risk premium is the additional return an investor will receive from holding Advanced Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Advanced Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Advanced Digital's alpha and beta are two of the key measurements used to evaluate Advanced Digital's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.78 | |||
| Standard Deviation | 5.22 | |||
| Variance | 27.22 | |||
| Risk Adjusted Performance | (0.09) |
Advanced Stock Against Markets
Picking the right benchmark for Advanced Digital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Advanced Digital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Advanced Digital is critical whether you are bullish or bearish towards Advanced Digital Chips at a given time. Please also check how Advanced Digital's historical prices are related to one of the top price index indicators.
Advanced Digital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Advanced Digital stock to make a market-neutral strategy. Peer analysis of Advanced Digital could also be used in its relative valuation, which is a method of valuing Advanced Digital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Advanced Digital Corporate Directors
Advanced Digital corporate directors refer to members of an Advanced Digital board of directors. The board of directors generally takes responsibility for the Advanced Digital's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Advanced Digital's board members must vote for the resolution. The Advanced Digital board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.How to buy Advanced Stock?
Before investing in Advanced Digital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Advanced Digital. To buy Advanced Digital stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Advanced Digital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Advanced Digital stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Advanced Digital Chips stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Advanced Digital Chips stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Advanced Digital Chips, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Advanced Digital Chips?
The danger of trading Advanced Digital Chips is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Advanced Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Advanced Digital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advanced Digital Chips is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Advanced Digital Chips information on this page should be used as a complementary analysis to other Advanced Digital's 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Advanced Stock analysis
When running Advanced Digital's price analysis, check to measure Advanced Digital'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 Advanced Digital is operating at the current time. Most of Advanced Digital's value examination focuses on studying past and present price action to predict the probability of Advanced Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Digital's price. Additionally, you may evaluate how the addition of Advanced Digital to your portfolios can decrease your overall portfolio volatility.
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