Addus Homecare Stock Market Value
| ADUS Stock | USD 129.10 0.29 0.22% |
| Symbol | Addus |
Addus HomeCare Price To Book Ratio
Is Health Care Providers & Services space 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 Addus HomeCare. If investors know Addus 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 Addus HomeCare 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 0.209 | Earnings Share 4.18 | Revenue Per Share 69.374 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0652 |
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare's 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 Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare's 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 Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare's 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.
Addus HomeCare '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 Addus HomeCare's 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 Addus HomeCare.
| 09/24/2024 |
| 10/24/2024 |
If you would invest 0.00 in Addus HomeCare on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Addus HomeCare or generate 0.0% return on investment in Addus HomeCare over 30 days. Addus HomeCare is related to or competes with Humana, Elevance Health, Centene Corp, and Molina Healthcare. Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill,... More
Addus HomeCare 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 Addus HomeCare's 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 Addus HomeCare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0189 | |||
| Maximum Drawdown | 9.01 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.5 |
Addus HomeCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addus HomeCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addus HomeCare's standard deviation. In reality, there are many statistical measures that can use Addus HomeCare historical prices to predict the future Addus HomeCare's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.0298 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.1022 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addus HomeCare'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.
Addus HomeCare Backtested Returns
Currently, Addus HomeCare is very steady. Addus HomeCare secures Sharpe Ratio (or Efficiency) of 0.0567, which signifies that the company had a 0.0567% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Addus HomeCare, which you can use to evaluate the volatility of the firm. Please confirm Addus HomeCare's risk adjusted performance of 0.0627, and Mean Deviation of 1.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.0846%. Addus HomeCare has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Addus HomeCare returns are very sensitive to returns on the market. As the market goes up or down, Addus HomeCare is expected to follow. Addus HomeCare right now shows a risk of 1.49%. Please confirm Addus HomeCare standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Addus HomeCare will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Addus HomeCare has modest reverse predictability. Overlapping area represents the amount of predictability between Addus HomeCare time series from 24th of September 2024 to 9th of October 2024 and 9th of October 2024 to 24th of October 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 Addus HomeCare price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Addus HomeCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.43 |
Addus HomeCare lagged returns against current returns
Autocorrelation, which is Addus HomeCare 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 Addus HomeCare's stock expected returns. We can calculate the autocorrelation of Addus HomeCare returns to help us make a trade decision. For example, suppose you find that Addus HomeCare 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 |
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Addus HomeCare 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 Addus HomeCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addus HomeCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addus HomeCare stock over time.
Current vs Lagged Prices |
| Timeline |
Addus HomeCare Lagged Returns
When evaluating Addus HomeCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addus HomeCare stock have on its future price. Addus HomeCare 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, Addus HomeCare autocorrelation shows the relationship between Addus HomeCare stock current value and its past values and can show if there is a momentum factor associated with investing in Addus HomeCare.
Regressed Prices |
| Timeline |
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Additional Tools for Addus Stock Analysis
When running Addus HomeCare's price analysis, check to measure Addus HomeCare'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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.