Verde Agritech Plc Stock Market Value
| NPK Stock | CAD 0.63 0.02 3.28% |
| Symbol | Verde |
Verde Agritech PLC Price To Book Ratio
Verde Agritech '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 Verde Agritech'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 Verde Agritech.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Verde Agritech on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Verde Agritech PLC or generate 0.0% return on investment in Verde Agritech over 30 days. Verde Agritech is related to or competes with Excelsior Mining, Sun Summit, and Nickel Creek. Verde Agritech Plc, an agri-tech company, explores for and develops mineral properties primarily in Brazil More
Verde Agritech 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 Verde Agritech'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 Verde Agritech PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 39.26 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 8.7 |
Verde Agritech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Verde Agritech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Verde Agritech's standard deviation. In reality, there are many statistical measures that can use Verde Agritech historical prices to predict the future Verde Agritech's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.1425 |
Verde Agritech PLC Backtested Returns
As of now, Verde Stock is out of control. Verde Agritech PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0091, which indicates the firm had a 0.0091% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Verde Agritech PLC, which you can use to evaluate the volatility of the company. Please validate Verde Agritech's Coefficient Of Variation of (8,042), risk adjusted performance of (0.0009), and Variance of 29.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0503%. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Verde Agritech are expected to decrease at a much lower rate. During the bear market, Verde Agritech is likely to outperform the market. Verde Agritech PLC right now has a risk of 5.54%. Please validate Verde Agritech kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Verde Agritech will be following its existing price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Verde Agritech PLC has virtually no predictability. Overlapping area represents the amount of predictability between Verde Agritech 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 Verde Agritech PLC price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Verde Agritech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Verde Agritech PLC lagged returns against current returns
Autocorrelation, which is Verde Agritech 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 Verde Agritech's stock expected returns. We can calculate the autocorrelation of Verde Agritech returns to help us make a trade decision. For example, suppose you find that Verde Agritech 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 |
Verde Agritech 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 Verde Agritech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Verde Agritech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Verde Agritech stock over time.
Current vs Lagged Prices |
| Timeline |
Verde Agritech Lagged Returns
When evaluating Verde Agritech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Verde Agritech stock have on its future price. Verde Agritech 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, Verde Agritech autocorrelation shows the relationship between Verde Agritech stock current value and its past values and can show if there is a momentum factor associated with investing in Verde Agritech PLC.
Regressed Prices |
| Timeline |
Pair Trading with Verde Agritech
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 Verde Agritech 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 Verde Agritech will appreciate offsetting losses from the drop in the long position's value.Moving against Verde Stock
The ability to find closely correlated positions to Verde Agritech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Verde Agritech 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 Verde Agritech - 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 Verde Agritech PLC to buy it.
The correlation of Verde Agritech 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 Verde Agritech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Verde Agritech PLC 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 Verde Agritech 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.Other Information on Investing in Verde Stock
Verde Agritech financial ratios help investors to determine whether Verde 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 Verde with respect to the benefits of owning Verde Agritech security.