Viant Technology Stock Market Value
| DSP Stock | USD 18.92 0.68 3.73% |
| Symbol | Viant |
Viant Technology Price To Book Ratio
Is Application Software 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 Viant Technology. If investors know Viant 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 Viant Technology 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 (0.99) | Earnings Share 0.08 | Revenue Per Share 16.388 | Quarterly Revenue Growth 0.341 | Return On Assets (0) |
The market value of Viant Technology is measured differently than its book value, which is the value of Viant that is recorded on the company's balance sheet. Investors also form their own opinion of Viant Technology's value that differs from its market value or its book value, called intrinsic value, which is Viant Technology's 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 Viant Technology's market value can be influenced by many factors that don't directly affect Viant Technology's 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 Viant Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Viant Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viant Technology's 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.
Viant Technology '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 Viant Technology'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 Viant Technology.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Viant Technology on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Viant Technology or generate 0.0% return on investment in Viant Technology over 30 days. Viant Technology is related to or competes with CS Disco, Issuer Direct, EGain, Research Solutions, Paycor HCM, Clearwater Analytics, and Where Food. Viant Technology Inc. operates as an advertising software company More
Viant Technology 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 Viant Technology'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 Viant Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.2025 | |||
| Maximum Drawdown | 28.19 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.01 |
Viant Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viant Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viant Technology's standard deviation. In reality, there are many statistical measures that can use Viant Technology historical prices to predict the future Viant Technology's volatility.| Risk Adjusted Performance | 0.1893 | |||
| Jensen Alpha | 0.8973 | |||
| Total Risk Alpha | 0.3063 | |||
| Sortino Ratio | 0.302 | |||
| Treynor Ratio | (2.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viant Technology's 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.
Viant Technology Backtested Returns
Viant Technology appears to be slightly risky, given 3 months investment horizon. Viant Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Viant Technology's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please review Viant Technology's Risk Adjusted Performance of 0.1893, semi deviation of 1.94, and Coefficient Of Variation of 422.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viant Technology holds a performance score of 19. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Viant Technology are expected to decrease at a much lower rate. During the bear market, Viant Technology is likely to outperform the market. Please check Viant Technology's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Viant Technology's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Viant Technology has modest predictability. Overlapping area represents the amount of predictability between Viant Technology time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Viant Technology price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Viant Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Viant Technology lagged returns against current returns
Autocorrelation, which is Viant Technology 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 Viant Technology's stock expected returns. We can calculate the autocorrelation of Viant Technology returns to help us make a trade decision. For example, suppose you find that Viant Technology 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 |
Viant Technology 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 Viant Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viant Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viant Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Viant Technology Lagged Returns
When evaluating Viant Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viant Technology stock have on its future price. Viant Technology 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, Viant Technology autocorrelation shows the relationship between Viant Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Viant Technology.
Regressed Prices |
| Timeline |
Pair Trading with Viant Technology
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 Viant Technology 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 Viant Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Viant Stock
| 0.8 | DJCO | Daily Journal Corp | PairCorr |
| 0.89 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.74 | BL | Blackline | PairCorr |
The ability to find closely correlated positions to Viant Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viant Technology 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 Viant Technology - 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 Viant Technology to buy it.
The correlation of Viant Technology 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 Viant Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viant Technology 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 Viant Technology 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 Viant Stock Analysis
When running Viant Technology's price analysis, check to measure Viant Technology'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 Viant Technology is operating at the current time. Most of Viant Technology's value examination focuses on studying past and present price action to predict the probability of Viant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viant Technology's price. Additionally, you may evaluate how the addition of Viant Technology to your portfolios can decrease your overall portfolio volatility.