Veeva Systems (Germany) Market Value
| VEE Stock | EUR 212.50 4.60 2.21% |
| Symbol | Veeva |
Veeva 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 Veeva 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 Veeva Systems.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Veeva Systems on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Veeva Systems or generate 0.0% return on investment in Veeva Systems over 30 days. Veeva Systems is related to or competes with 10X GENOMICS, Healthequity, Teladoc, Evolent Health, RLX TECH, and Ping An. Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacif... More
Veeva 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 Veeva 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 Veeva Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.8 |
Veeva Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veeva Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veeva Systems' standard deviation. In reality, there are many statistical measures that can use Veeva Systems historical prices to predict the future Veeva Systems' volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.1175 | |||
| Total Risk Alpha | 0.0656 | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.1939 |
Veeva Systems Backtested Returns
At this point, Veeva Systems is very steady. Veeva Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0797, which indicates the firm had a 0.0797% return per unit of risk over the last 3 months. We have found thirty technical indicators for Veeva Systems, which you can use to evaluate the volatility of the company. Please validate Veeva Systems' Coefficient Of Variation of 1679.37, semi deviation of 1.97, and Risk Adjusted Performance of 0.0539 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Veeva Systems has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Veeva Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Veeva Systems is expected to be smaller as well. Veeva Systems right now has a risk of 2.39%. Please validate Veeva Systems coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Veeva Systems will be following its existing price patterns.
Auto-correlation | -0.66 |
Very good reverse predictability
Veeva Systems has very good reverse predictability. Overlapping area represents the amount of predictability between Veeva Systems time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Veeva Systems price movement. The serial correlation of -0.66 indicates that around 66.0% of current Veeva Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 82.15 |
Veeva Systems lagged returns against current returns
Autocorrelation, which is Veeva 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 Veeva Systems' stock expected returns. We can calculate the autocorrelation of Veeva Systems returns to help us make a trade decision. For example, suppose you find that Veeva 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 |
Veeva 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 Veeva Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veeva Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veeva Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Veeva Systems Lagged Returns
When evaluating Veeva Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veeva Systems stock have on its future price. Veeva 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, Veeva Systems autocorrelation shows the relationship between Veeva Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Veeva Systems.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Veeva Stock
Veeva Systems financial ratios help investors to determine whether Veeva Stock 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 Veeva with respect to the benefits of owning Veeva Systems security.