Valley National Bancorp Preferred Stock Market Value
| VLYPP Preferred Stock | USD 24.92 0.24 0.95% |
| Symbol | Valley |
Valley National '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 Valley National's preferred 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 Valley National.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Valley National on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Valley National Bancorp or generate 0.0% return on investment in Valley National over 30 days. Valley National is related to or competes with Capital One, Bank of America, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retai... More
Valley National 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 Valley National's preferred 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 Valley National Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.779 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.63 |
Valley National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Valley National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Valley National's standard deviation. In reality, there are many statistical measures that can use Valley National historical prices to predict the future Valley National's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.074 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5085 |
Valley National Bancorp Backtested Returns
Currently, Valley National Bancorp is very steady. Valley National Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Valley National Bancorp, which you can use to evaluate the volatility of the company. Please validate Valley National's Coefficient Of Variation of 748.87, risk adjusted performance of 0.102, and Semi Deviation of 0.5416 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Valley National has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Valley National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Valley National is expected to be smaller as well. Valley National Bancorp right now has a risk of 0.78%. Please validate Valley National value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Valley National will be following its existing price patterns.
Auto-correlation | 0.30 |
Below average predictability
Valley National Bancorp has below average predictability. Overlapping area represents the amount of predictability between Valley National time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Valley National Bancorp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Valley National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Valley National Bancorp lagged returns against current returns
Autocorrelation, which is Valley National preferred 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 Valley National's preferred stock expected returns. We can calculate the autocorrelation of Valley National returns to help us make a trade decision. For example, suppose you find that Valley National has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Valley National 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 Valley National preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Valley National preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Valley National preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Valley National Lagged Returns
When evaluating Valley National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Valley National preferred stock have on its future price. Valley National 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, Valley National autocorrelation shows the relationship between Valley National preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Valley National Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Valley National
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 Valley National 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 Valley National will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Valley National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valley National 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 Valley National - 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 Valley National Bancorp to buy it.
The correlation of Valley National is a statistical measure of how it moves in relation to other instruments. 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 Valley National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valley National Bancorp 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 Valley National 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.Additional Tools for Valley Preferred Stock Analysis
When running Valley National's price analysis, check to measure Valley National'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 Valley National is operating at the current time. Most of Valley National's value examination focuses on studying past and present price action to predict the probability of Valley National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Valley National's price. Additionally, you may evaluate how the addition of Valley National to your portfolios can decrease your overall portfolio volatility.