Adobe Systems Incorporated Stock Market Value
| ADBE Stock | USD 470.10 3.99 0.84% |
| Symbol | Adobe |
Adobe Systems rporated Price To Book Ratio
Is Adobe Systems' 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 Adobe Systems. If investors know Adobe 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 Adobe Systems 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 (0.50) | Earnings Share 10.48 | Revenue Per Share 43.762 | Quarterly Revenue Growth 0.113 | Return On Assets 0.1572 |
The market value of Adobe Systems rporated is measured differently than its book value, which is the value of Adobe that is recorded on the company's balance sheet. Investors also form their own opinion of Adobe Systems' value that differs from its market value or its book value, called intrinsic value, which is Adobe Systems' 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 Adobe Systems' market value can be influenced by many factors that don't directly affect Adobe Systems' 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 Adobe Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Adobe Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adobe Systems' 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.
Adobe Systems '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 Adobe Systems' 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 Adobe Systems.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Adobe Systems on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Adobe Systems Incorporated or generate 0.0% return on investment in Adobe Systems over 720 days. Adobe Systems is related to or competes with Palo Alto, Zscaler, Okta, MongoDB, and Palantir TechnologiesInc. Adobe Inc. operates as a diversified software company worldwide More
Adobe Systems 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 Adobe Systems' 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 Adobe Systems Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.01 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 2.95 |
Adobe Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adobe Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adobe Systems' standard deviation. In reality, there are many statistical measures that can use Adobe Systems historical prices to predict the future Adobe Systems' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adobe Systems' 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.
Adobe Systems rporated Backtested Returns
Adobe Systems rporated secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Adobe Systems Incorporated exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adobe Systems' Standard Deviation of 2.52, mean deviation of 1.54, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Adobe Systems returns are very sensitive to returns on the market. As the market goes up or down, Adobe Systems is expected to follow. Adobe Systems rporated has an expected return of -0.35%. Please make sure to confirm Adobe Systems rporated total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Adobe Systems rporated performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Adobe Systems Incorporated has modest reverse predictability. Overlapping area represents the amount of predictability between Adobe Systems time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Adobe Systems rporated price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Adobe Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5323.09 |
Adobe Systems rporated lagged returns against current returns
Autocorrelation, which is Adobe Systems 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 Adobe Systems' stock expected returns. We can calculate the autocorrelation of Adobe Systems returns to help us make a trade decision. For example, suppose you find that Adobe Systems 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 |
Adobe Systems 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 Adobe Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adobe Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adobe Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Adobe Systems Lagged Returns
When evaluating Adobe Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adobe Systems stock have on its future price. Adobe Systems 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, Adobe Systems autocorrelation shows the relationship between Adobe Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Adobe Systems Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Adobe Systems
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 Adobe Systems 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 Adobe Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Adobe Stock
| 0.71 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Adobe Stock
| 0.84 | VERI | Veritone Financial Report 7th of May 2024 | PairCorr |
| 0.81 | DTSS | Datasea | PairCorr |
| 0.77 | GB | Global Blue Group | PairCorr |
| 0.77 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
| 0.74 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Adobe Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe Systems 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 Adobe Systems - 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 Adobe Systems Incorporated to buy it.
The correlation of Adobe Systems 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 Adobe Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Systems rporated 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 Adobe Systems 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 Adobe Systems Correlation, Adobe Systems Volatility and Adobe Systems Alpha and Beta module to complement your research on Adobe Systems. Note that the Adobe Systems rporated information on this page should be used as a complementary analysis to other Adobe Systems' 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Adobe Stock analysis
When running Adobe Systems' price analysis, check to measure Adobe Systems' 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 Adobe Systems is operating at the current time. Most of Adobe Systems' value examination focuses on studying past and present price action to predict the probability of Adobe Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adobe Systems' price. Additionally, you may evaluate how the addition of Adobe Systems to your portfolios can decrease your overall portfolio volatility.
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Adobe Systems 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.