VALERO ENERGY P Market Value
| 91913YAE0 | 116.10 3.00 2.65% |
| Symbol | VALERO |
VALERO '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 VALERO's bond 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 VALERO.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in VALERO on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding VALERO ENERGY P or generate 0.0% return on investment in VALERO over 30 days. VALERO is related to or competes with Willscot Mobile, Usio, Herc Holdings, and Fortress Transp. More
VALERO 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 VALERO's bond 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 VALERO ENERGY P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.34 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.574 |
VALERO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VALERO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VALERO's standard deviation. In reality, there are many statistical measures that can use VALERO historical prices to predict the future VALERO's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.20) |
VALERO ENERGY P Backtested Returns
VALERO ENERGY P owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0258, which indicates the bond had a -0.0258% return per unit of standard deviation over the last 3 months. VALERO ENERGY P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VALERO's Market Risk Adjusted Performance of (0.19), standard deviation of 0.4878, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VALERO's returns are expected to increase less than the market. However, during the bear market, the loss of holding VALERO is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
VALERO ENERGY P has poor predictability. Overlapping area represents the amount of predictability between VALERO time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 VALERO ENERGY P price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current VALERO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
VALERO ENERGY P lagged returns against current returns
Autocorrelation, which is VALERO bond'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 VALERO's bond expected returns. We can calculate the autocorrelation of VALERO returns to help us make a trade decision. For example, suppose you find that VALERO has exhibited high autocorrelation historically, and you observe that the bond 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 |
VALERO 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 VALERO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VALERO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VALERO bond over time.
Current vs Lagged Prices |
| Timeline |
VALERO Lagged Returns
When evaluating VALERO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VALERO bond have on its future price. VALERO 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, VALERO autocorrelation shows the relationship between VALERO bond current value and its past values and can show if there is a momentum factor associated with investing in VALERO ENERGY P.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in VALERO Bond
VALERO financial ratios help investors to determine whether VALERO Bond 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 VALERO with respect to the benefits of owning VALERO security.