Vergnet (France) Market Value
| ALVER Stock | EUR 0 0.0002 4.88% |
| Symbol | Vergnet |
Vergnet '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 Vergnet'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 Vergnet.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Vergnet on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Vergnet or generate 0.0% return on investment in Vergnet over 180 days. Vergnet is related to or competes with DBT SA, and Dolfines SAS. Vergnet SA designs, manufactures, engineers, and contracts renewable energy technologies worldwide More
Vergnet 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 Vergnet'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 Vergnet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 35.18 | |||
| Value At Risk | (15.58) | |||
| Potential Upside | 7.28 |
Vergnet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vergnet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vergnet's standard deviation. In reality, there are many statistical measures that can use Vergnet historical prices to predict the future Vergnet's volatility.| Risk Adjusted Performance | (0.35) | |||
| Jensen Alpha | (3.50) | |||
| Total Risk Alpha | (4.48) | |||
| Treynor Ratio | (2.79) |
Vergnet Backtested Returns
Vergnet owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.5, which indicates the firm had a -0.5% return per unit of risk over the last 3 months. Vergnet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vergnet's Coefficient Of Variation of (213.78), variance of 51.17, and Risk Adjusted Performance of (0.35) to confirm the risk estimate we provide. The entity has a beta of 1.2, 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, Vergnet will likely underperform. At this point, Vergnet has a negative expected return of -3.58%. Please make sure to validate Vergnet's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Vergnet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.96 |
Excellent predictability
Vergnet has excellent predictability. Overlapping area represents the amount of predictability between Vergnet time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Vergnet price movement. The serial correlation of 0.96 indicates that 96.0% of current Vergnet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vergnet lagged returns against current returns
Autocorrelation, which is Vergnet 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 Vergnet's stock expected returns. We can calculate the autocorrelation of Vergnet returns to help us make a trade decision. For example, suppose you find that Vergnet 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 |
Vergnet 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 Vergnet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vergnet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vergnet stock over time.
Current vs Lagged Prices |
| Timeline |
Vergnet Lagged Returns
When evaluating Vergnet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vergnet stock have on its future price. Vergnet 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, Vergnet autocorrelation shows the relationship between Vergnet stock current value and its past values and can show if there is a momentum factor associated with investing in Vergnet.
Regressed Prices |
| Timeline |
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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.Additional Tools for Vergnet Stock Analysis
When running Vergnet's price analysis, check to measure Vergnet'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 Vergnet is operating at the current time. Most of Vergnet's value examination focuses on studying past and present price action to predict the probability of Vergnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vergnet's price. Additionally, you may evaluate how the addition of Vergnet to your portfolios can decrease your overall portfolio volatility.