ADAC LABORATORIES Fundamentals

ADAC LABORATORIES fundamentals help investors to digest information that contributes to ADAC LABORATORIES's financial success or failures. It also enables traders to predict the movement of ADAC LABORATORIES Stock. The fundamental analysis module provides a way to measure ADAC LABORATORIES's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ADAC LABORATORIES stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

ADAC LABORATORIES Beta Analysis

ADAC LABORATORIES's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current ADAC LABORATORIES Beta

    
  6.34  
Most of ADAC LABORATORIES's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ADAC LABORATORIES is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

In accordance with the recently published financial statements, ADAC LABORATORIES has a Beta of 6.34. This is much higher than that of the Financial Services sector and notably higher than that of the Asset Management industry. The beta for all United States stocks is notably lower than that of the firm.

ADAC LABORATORIES Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining ADAC LABORATORIES's current stock value. Our valuation model uses many indicators to compare ADAC LABORATORIES value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ADAC LABORATORIES competition to find correlations between indicators driving ADAC LABORATORIES's intrinsic value. More Info.
ADAC LABORATORIES is number one stock in debt to equity category among related companies. It is number one stock in earnings per share category among related companies . The ratio of Debt to Equity to Earnings Per Share for ADAC LABORATORIES is about  741.00 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ADAC LABORATORIES by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ADAC LABORATORIES's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ADAC LABORATORIES's earnings, one of the primary drivers of an investment's value.

Did you try this?

Run Watchlist Optimization Now

   

Watchlist Optimization

Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
All  Next Launch Module

ADAC LABORATORIES Fundamentals

ADAC LABORATORIES Investors Sentiment

The influence of ADAC LABORATORIES's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ADAC LABORATORIES. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ADAC LABORATORIES in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ADAC LABORATORIES's short interest history, or implied volatility extrapolated from ADAC LABORATORIES options trading.

Pair Trading with ADAC LABORATORIES

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 ADAC LABORATORIES 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 ADAC LABORATORIES will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Twitter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Twitter 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 Twitter - 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 Twitter to buy it.
The correlation of Twitter is a statistical measure of how it moves in relation to other equities. 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 Twitter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Twitter 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 Twitter 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities. Note that the ADAC LABORATORIES information on this page should be used as a complementary analysis to other ADAC LABORATORIES'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Other Tools for ADAC LABORATORIES Stock

When running ADAC LABORATORIES price analysis, check to measure ADAC LABORATORIES'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 ADAC LABORATORIES is operating at the current time. Most of ADAC LABORATORIES's value examination focuses on studying past and present price action to predict the probability of ADAC LABORATORIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ADAC LABORATORIES's price. Additionally, you may evaluate how the addition of ADAC LABORATORIES to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go