VALMONT INDS INC Market Value
| 920253AF8 | 94.90 2.09 2.25% |
| Symbol | VALMONT |
VALMONT '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 VALMONT'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 VALMONT.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in VALMONT on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding VALMONT INDS INC or generate 0.0% return on investment in VALMONT over 30 days. VALMONT is related to or competes with JD Sports, Grocery Outlet, Academy Sports, Celsius Holdings, Saia, Mesa Air, and Village Super. More
VALMONT 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 VALMONT'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 VALMONT INDS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.38 |
VALMONT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VALMONT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VALMONT's standard deviation. In reality, there are many statistical measures that can use VALMONT historical prices to predict the future VALMONT's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.1572 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.22) |
VALMONT INDS INC Backtested Returns
At this point, VALMONT is very steady. VALMONT INDS INC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0243, which indicates the bond had a 0.0243% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for VALMONT INDS INC, which you can use to evaluate the volatility of the entity. Please validate VALMONT's Risk Adjusted Performance of 0.0426, downside deviation of 2.3, and Market Risk Adjusted Performance of (0.21) to confirm if the risk estimate we provide is consistent with the expected return of 0.0296%. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning VALMONT are expected to decrease at a much lower rate. During the bear market, VALMONT is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
VALMONT INDS INC has good predictability. Overlapping area represents the amount of predictability between VALMONT 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 VALMONT INDS INC price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current VALMONT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 10.77 |
VALMONT INDS INC lagged returns against current returns
Autocorrelation, which is VALMONT 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 VALMONT's bond expected returns. We can calculate the autocorrelation of VALMONT returns to help us make a trade decision. For example, suppose you find that VALMONT 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 |
VALMONT 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 VALMONT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VALMONT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VALMONT bond over time.
Current vs Lagged Prices |
| Timeline |
VALMONT Lagged Returns
When evaluating VALMONT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VALMONT bond have on its future price. VALMONT 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, VALMONT autocorrelation shows the relationship between VALMONT bond current value and its past values and can show if there is a momentum factor associated with investing in VALMONT INDS INC.
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 VALMONT Bond
VALMONT financial ratios help investors to determine whether VALMONT 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 VALMONT with respect to the benefits of owning VALMONT security.