Viking Cruises Ltd Market Value
| 92676XAD9 | 86.21 13.29 13.36% |
| Symbol | Viking |
Viking '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 Viking's bond 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 Viking.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Viking on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Viking Cruises Ltd or generate 0.0% return on investment in Viking over 180 days. Viking is related to or competes with Radcom, Naked Wines, Senmiao Technology, Arrow Electronics, Vindicator Silver, and Constellation Brands. More
Viking 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 Viking's bond 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 Viking Cruises Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 34.41 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.78 |
Viking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viking's standard deviation. In reality, there are many statistical measures that can use Viking historical prices to predict the future Viking's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.6898 |
Viking Cruises Backtested Returns
Viking Cruises owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the bond had a -0.14% return per unit of risk over the last 3 months. Viking Cruises Ltd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viking's Variance of 18.05, coefficient of variation of (3,196), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viking are expected to decrease at a much lower rate. During the bear market, Viking is likely to outperform the market.
Auto-correlation | -0.34 |
Poor reverse predictability
Viking Cruises Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Viking time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 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 Viking Cruises price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Viking price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 7.81 |
Viking Cruises lagged returns against current returns
Autocorrelation, which is Viking bond'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 Viking's bond expected returns. We can calculate the autocorrelation of Viking returns to help us make a trade decision. For example, suppose you find that Viking has exhibited high autocorrelation historically, and you observe that the bond 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 |
Viking 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 Viking bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viking bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viking bond over time.
Current vs Lagged Prices |
| Timeline |
Viking Lagged Returns
When evaluating Viking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viking bond have on its future price. Viking 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, Viking autocorrelation shows the relationship between Viking bond current value and its past values and can show if there is a momentum factor associated with investing in Viking Cruises Ltd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Viking Bond
Viking financial ratios help investors to determine whether Viking Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Viking with respect to the benefits of owning Viking security.