VIDRALA's market value is the price at which a share of VIDRALA trades on a public exchange. It measures the collective expectations of VIDRALA investors about its performance. VIDRALA is trading at 94.20 as of the 17th of December 2024, a 0.84% down since the beginning of the trading day. The stock's lowest day price was 93.6. With this module, you can estimate the performance of a buy and hold strategy of VIDRALA and determine expected loss or profit from investing in VIDRALA over a given investment horizon. Check out VIDRALA Correlation, VIDRALA Volatility and VIDRALA Alpha and Beta module to complement your research on VIDRALA.
Please note, there is a significant difference between VIDRALA's value and its price as these two are different measures arrived at by different means. Investors typically determine if VIDRALA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VIDRALA'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.
VIDRALA '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 VIDRALA'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 VIDRALA.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in VIDRALA on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding VIDRALA or generate 0.0% return on investment in VIDRALA over 30 days. VIDRALA is related to or competes with Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
VIDRALA 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 VIDRALA'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 VIDRALA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIDRALA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIDRALA's standard deviation. In reality, there are many statistical measures that can use VIDRALA historical prices to predict the future VIDRALA's volatility.
At this point, VIDRALA is very steady. VIDRALA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0117, which indicates the firm had a 0.0117% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for VIDRALA, which you can use to evaluate the volatility of the company. Please validate VIDRALA's coefficient of variation of 5422.46, and Risk Adjusted Performance of 0.0188 to confirm if the risk estimate we provide is consistent with the expected return of 0.0189%. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VIDRALA are expected to decrease at a much lower rate. During the bear market, VIDRALA is likely to outperform the market. VIDRALA currently has a risk of 1.61%. Please validate VIDRALA downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if VIDRALA will be following its existing price patterns.
Auto-correlation
-0.77
Almost perfect reverse predictability
VIDRALA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between VIDRALA time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 VIDRALA price movement. The serial correlation of -0.77 indicates that around 77.0% of current VIDRALA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.97
VIDRALA lagged returns against current returns
Autocorrelation, which is VIDRALA 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 VIDRALA's stock expected returns. We can calculate the autocorrelation of VIDRALA returns to help us make a trade decision. For example, suppose you find that VIDRALA 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
VIDRALA 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 VIDRALA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIDRALA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIDRALA stock over time.
Current vs Lagged Prices
Timeline
VIDRALA Lagged Returns
When evaluating VIDRALA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIDRALA stock have on its future price. VIDRALA 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, VIDRALA autocorrelation shows the relationship between VIDRALA stock current value and its past values and can show if there is a momentum factor associated with investing in VIDRALA.
Regressed Prices
Timeline
Also Currently Popular
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.
VIDRALA financial ratios help investors to determine whether VIDRALA 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 VIDRALA with respect to the benefits of owning VIDRALA security.