Vestis Stock Market Value
| VSTS Stock | 16.08 0.10 0.62% |
| Symbol | Vestis |
Vestis Company Valuation
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vestis. If investors know Vestis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vestis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share 0.16 | Revenue Per Share 21.581 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0385 |
The market value of Vestis is measured differently than its book value, which is the value of Vestis that is recorded on the company's balance sheet. Investors also form their own opinion of Vestis' value that differs from its market value or its book value, called intrinsic value, which is Vestis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vestis' market value can be influenced by many factors that don't directly affect Vestis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vestis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vestis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vestis' 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.
Vestis '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 Vestis' 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 Vestis.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Vestis on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Vestis or generate 0.0% return on investment in Vestis over 180 days. Vestis is related to or competes with McGrath RentCorp, Herc Holdings, PROG Holdings, Custom Truck, Ryder System, and Triton International. Vestis is entity of United States. It is traded as Stock on NYSE exchange. More
Vestis 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 Vestis' 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 Vestis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0507 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.54 |
Vestis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vestis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vestis' standard deviation. In reality, there are many statistical measures that can use Vestis historical prices to predict the future Vestis' volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.0456 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0876 | |||
| Treynor Ratio | 0.1518 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vestis' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Vestis Backtested Returns
Vestis appears to be not too volatile, given 3 months investment horizon. Vestis owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0853, which indicates the firm had a 0.0853% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vestis, which you can use to evaluate the volatility of the company. Please review Vestis' Coefficient Of Variation of 1054.7, risk adjusted performance of 0.08, and Semi Deviation of 1.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vestis holds a performance score of 6. The entity has a beta of 1.88, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Vestis will likely underperform. Please check Vestis' sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Vestis' existing price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Vestis has very weak reverse predictability. Overlapping area represents the amount of predictability between Vestis time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Vestis price movement. The serial correlation of -0.03 indicates that only 3.0% of current Vestis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Vestis lagged returns against current returns
Autocorrelation, which is Vestis 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 Vestis' stock expected returns. We can calculate the autocorrelation of Vestis returns to help us make a trade decision. For example, suppose you find that Vestis 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 |
Vestis 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 Vestis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vestis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vestis stock over time.
Current vs Lagged Prices |
| Timeline |
Vestis Lagged Returns
When evaluating Vestis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vestis stock have on its future price. Vestis 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, Vestis autocorrelation shows the relationship between Vestis stock current value and its past values and can show if there is a momentum factor associated with investing in Vestis.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Vestis Stock Analysis
When running Vestis' price analysis, check to measure Vestis' 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 Vestis is operating at the current time. Most of Vestis' value examination focuses on studying past and present price action to predict the probability of Vestis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vestis' price. Additionally, you may evaluate how the addition of Vestis to your portfolios can decrease your overall portfolio volatility.