Vicinity Centres (Germany) Market Value
| C98 Stock | EUR 1.29 0.01 0.78% |
| Symbol | Vicinity |
Vicinity Centres '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 Vicinity Centres' 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 Vicinity Centres.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Vicinity Centres on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vicinity Centres or generate 0.0% return on investment in Vicinity Centres over 690 days. Vicinity Centres is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, Identiv, and Norsk Hydro. Vicinity Centres is one of Australias leading retail property groups with a fully integrated asset management platform a... More
Vicinity Centres 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 Vicinity Centres' 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 Vicinity Centres upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.29 |
Vicinity Centres Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vicinity Centres' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vicinity Centres' standard deviation. In reality, there are many statistical measures that can use Vicinity Centres historical prices to predict the future Vicinity Centres' volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1598 |
Vicinity Centres Backtested Returns
Vicinity Centres owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0118, which indicates the firm had a -0.0118% return per unit of risk over the last 3 months. Vicinity Centres exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vicinity Centres' Semi Deviation of 1.29, risk adjusted performance of 0.0298, and Coefficient Of Variation of 3000.88 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vicinity Centres' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vicinity Centres is expected to be smaller as well. At this point, Vicinity Centres has a negative expected return of -0.0155%. Please make sure to validate Vicinity Centres' mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Vicinity Centres performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Vicinity Centres has modest reverse predictability. Overlapping area represents the amount of predictability between Vicinity Centres time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Vicinity Centres price movement. The serial correlation of -0.48 indicates that about 48.0% of current Vicinity Centres price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vicinity Centres lagged returns against current returns
Autocorrelation, which is Vicinity Centres 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 Vicinity Centres' stock expected returns. We can calculate the autocorrelation of Vicinity Centres returns to help us make a trade decision. For example, suppose you find that Vicinity Centres 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 |
Vicinity Centres 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 Vicinity Centres stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vicinity Centres stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vicinity Centres stock over time.
Current vs Lagged Prices |
| Timeline |
Vicinity Centres Lagged Returns
When evaluating Vicinity Centres' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vicinity Centres stock have on its future price. Vicinity Centres 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, Vicinity Centres autocorrelation shows the relationship between Vicinity Centres stock current value and its past values and can show if there is a momentum factor associated with investing in Vicinity Centres.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Vicinity Stock
Vicinity Centres financial ratios help investors to determine whether Vicinity 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 Vicinity with respect to the benefits of owning Vicinity Centres security.