Adecco Group Stock Market Value
| AHEXY Stock | USD 18.95 0.65 3.55% |
| Symbol | Adecco |
Adecco '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'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.
| 04/12/2024 |
| 05/12/2024 |
If you would invest 0.00 in Adecco on April 12, 2024 and sell it all today you would earn a total of 0.00 from holding Adecco Group or generate 0.0% return on investment in Adecco over 30 days. Adecco is related to or competes with Hudson Global, Mastech Holdings, HireRight Holdings, Kforce, Kelly Services, Heidrick Struggles, and ManpowerGroup. Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Eur... More
Adecco 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.67 |
Adecco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adecco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adecco's standard deviation. In reality, there are many statistical measures that can use Adecco historical prices to predict the future Adecco's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adecco'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 Backtested Returns
Adecco Group secures Sharpe Ratio (or Efficiency) of -0.0128, which signifies that the company had a -0.0128% return per unit of standard deviation over the last 3 months. Adecco Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adecco's mean deviation of 1.29, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adecco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adecco is expected to be smaller as well. Adecco Group has an expected return of -0.0217%. Please make sure to confirm Adecco Group treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Adecco Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Adecco Group has virtually no predictability. Overlapping area represents the amount of predictability between Adecco time series from 12th of April 2024 to 27th of April 2024 and 27th of April 2024 to 12th of May 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 price movement. The serial correlation of 0.03 indicates that only 3.0% of current Adecco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Adecco Group lagged returns against current returns
Autocorrelation, which is Adecco 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's pink sheet expected returns. We can calculate the autocorrelation of Adecco returns to help us make a trade decision. For example, suppose you find that Adecco 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adecco 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 pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Adecco Lagged Returns
When evaluating Adecco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adecco pink sheet have on its future price. Adecco 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 autocorrelation shows the relationship between Adecco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adecco Group.
Regressed Prices |
| Timeline |
Pair Trading with Adecco
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 Adecco 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 Adecco will appreciate offsetting losses from the drop in the long position's value.Moving together with Adecco Pink Sheet
| 0.64 | ADP | Automatic Data Processing Fiscal Year End 24th of July 2024 | PairCorr |
| 0.73 | RANJY | Randstad Holdings | PairCorr |
Moving against Adecco Pink Sheet
| 0.73 | RCRRF | Recruit Holdings Earnings Call This Week | PairCorr |
| 0.7 | EQNR | Equinor ASA ADR | PairCorr |
| 0.68 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.64 | MZHOF | Mizuho Financial | PairCorr |
| 0.61 | JPSTF | JAPAN POST BANK | PairCorr |
The ability to find closely correlated positions to Adecco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adecco 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 Adecco - 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 Adecco Group to buy it.
The correlation of Adecco 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 Adecco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adecco Group 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 Adecco 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 Adecco Correlation, Adecco Volatility and Adecco Alpha and Beta module to complement your research on Adecco. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Adecco Pink Sheet analysis
When running Adecco's price analysis, check to measure Adecco'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 Adecco is operating at the current time. Most of Adecco's value examination focuses on studying past and present price action to predict the probability of Adecco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adecco's price. Additionally, you may evaluate how the addition of Adecco to your portfolios can decrease your overall portfolio volatility.
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Adecco technical pink sheet 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, pink sheet market cycles, or different charting patterns.