Analog Devices Stock Market Value
| ADI Stock | USD 183.36 4.22 2.25% |
| Symbol | Analog |
Analog Devices Price To Book Ratio
Is Analog Devices' 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 Analog Devices. If investors know Analog 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 Analog Devices 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 (0.51) | Dividend Share 3.5 | Earnings Share 5.6 | Revenue Per Share 23.165 | Quarterly Revenue Growth (0.23) |
The market value of Analog Devices is measured differently than its book value, which is the value of Analog that is recorded on the company's balance sheet. Investors also form their own opinion of Analog Devices' value that differs from its market value or its book value, called intrinsic value, which is Analog Devices' 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 Analog Devices' market value can be influenced by many factors that don't directly affect Analog Devices' 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 Analog Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Analog Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Analog Devices' 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.
Analog Devices '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 Analog Devices' 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 Analog Devices.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Analog Devices on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Analog Devices or generate 0.0% return on investment in Analog Devices over 30 days. Analog Devices is related to or competes with NXP Semiconductors, Qualcomm Incorporated, Broadcom, Microchip Technology, ON Semiconductor, Lattice Semiconductor, and Qorvo. Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits , software, and subsystems that lever... More
Analog Devices 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 Analog Devices' 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 Analog Devices upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.45 |
Analog Devices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Analog Devices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Analog Devices' standard deviation. In reality, there are many statistical measures that can use Analog Devices historical prices to predict the future Analog Devices' volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Analog Devices' 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.
Analog Devices Backtested Returns
Analog Devices secures Sharpe Ratio (or Efficiency) of -0.0367, which signifies that the company had a -0.0367% return per unit of standard deviation over the last 3 months. Analog Devices exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Analog Devices' risk adjusted performance of 0.0134, and Mean Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.64, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Analog Devices will likely underperform. Analog Devices has an expected return of -0.0597%. Please make sure to confirm Analog Devices sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if Analog Devices performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Analog Devices has modest reverse predictability. Overlapping area represents the amount of predictability between Analog Devices time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Analog Devices price movement. The serial correlation of -0.5 indicates that about 50.0% of current Analog Devices price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 20.72 |
Analog Devices lagged returns against current returns
Autocorrelation, which is Analog Devices 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 Analog Devices' stock expected returns. We can calculate the autocorrelation of Analog Devices returns to help us make a trade decision. For example, suppose you find that Analog Devices 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 |
Analog Devices 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 Analog Devices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Analog Devices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Analog Devices stock over time.
Current vs Lagged Prices |
| Timeline |
Analog Devices Lagged Returns
When evaluating Analog Devices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Analog Devices stock have on its future price. Analog Devices 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, Analog Devices autocorrelation shows the relationship between Analog Devices stock current value and its past values and can show if there is a momentum factor associated with investing in Analog Devices.
Regressed Prices |
| Timeline |
Pair Trading with Analog Devices
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 Analog Devices 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 Analog Devices will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Analog Devices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Analog Devices 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 Analog Devices - 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 Analog Devices to buy it.
The correlation of Analog Devices 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 Analog Devices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Analog Devices 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 Analog Devices 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 Analog Devices Correlation, Analog Devices Volatility and Analog Devices Alpha and Beta module to complement your research on Analog Devices. For more detail on how to invest in Analog Stock please use our How to Invest in Analog Devices guide.Note that the Analog Devices information on this page should be used as a complementary analysis to other Analog Devices' 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Analog Stock analysis
When running Analog Devices' price analysis, check to measure Analog Devices' 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 Analog Devices is operating at the current time. Most of Analog Devices' value examination focuses on studying past and present price action to predict the probability of Analog Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Analog Devices' price. Additionally, you may evaluate how the addition of Analog Devices to your portfolios can decrease your overall portfolio volatility.
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Analog Devices 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.