VIRG NATL's market value is the price at which a share of VIRG NATL trades on a public exchange. It measures the collective expectations of VIRG NATL BANKSH investors about its performance. VIRG NATL is trading at 39.80 as of the 22nd of November 2024. This is a 2.05% up since the beginning of the trading day. The stock's lowest day price was 39.8. With this module, you can estimate the performance of a buy and hold strategy of VIRG NATL BANKSH and determine expected loss or profit from investing in VIRG NATL over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VIRG
VIRG NATL '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 VIRG NATL'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 VIRG NATL.
0.00
12/03/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/22/2024
0.00
If you would invest 0.00 in VIRG NATL on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding VIRG NATL BANKSH or generate 0.0% return on investment in VIRG NATL over 720 days.
VIRG NATL 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 VIRG NATL'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 VIRG NATL BANKSH 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 VIRG NATL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIRG NATL's standard deviation. In reality, there are many statistical measures that can use VIRG NATL historical prices to predict the future VIRG NATL's volatility.
VIRG NATL appears to be very steady, given 3 months investment horizon. VIRG NATL BANKSH owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for VIRG NATL BANKSH, which you can use to evaluate the volatility of the company. Please review VIRG NATL's coefficient of variation of 653.4, and Risk Adjusted Performance of 0.1236 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VIRG NATL holds a performance score of 9. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VIRG NATL's returns are expected to increase less than the market. However, during the bear market, the loss of holding VIRG NATL is expected to be smaller as well. Please check VIRG NATL's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether VIRG NATL's existing price patterns will revert.
Auto-correlation
-0.03
Very weak reverse predictability
VIRG NATL BANKSH has very weak reverse predictability. Overlapping area represents the amount of predictability between VIRG NATL time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 VIRG NATL BANKSH price movement. The serial correlation of -0.03 indicates that only 3.0% of current VIRG NATL price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.03
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
21.22
VIRG NATL BANKSH lagged returns against current returns
Autocorrelation, which is VIRG NATL 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 VIRG NATL's stock expected returns. We can calculate the autocorrelation of VIRG NATL returns to help us make a trade decision. For example, suppose you find that VIRG NATL 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
VIRG NATL 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 VIRG NATL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIRG NATL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIRG NATL stock over time.
Current vs Lagged Prices
Timeline
VIRG NATL Lagged Returns
When evaluating VIRG NATL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIRG NATL stock have on its future price. VIRG NATL 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, VIRG NATL autocorrelation shows the relationship between VIRG NATL stock current value and its past values and can show if there is a momentum factor associated with investing in VIRG NATL BANKSH.