VERITAS INC VERITAS Market Value
| 92346LAE3 | 83.23 0.00 0.00% |
| Symbol | VERITAS |
VERITAS '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 VERITAS'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 VERITAS.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in VERITAS on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding VERITAS INC VERITAS or generate 0.0% return on investment in VERITAS over 300 days. VERITAS is related to or competes with CAVA Group,, Asure Software, Shake Shack, Evertz Technologies, Valneva SE, Yum Brands, and Kura Sushi. More
VERITAS 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 VERITAS'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 VERITAS INC VERITAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.31 |
VERITAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VERITAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VERITAS's standard deviation. In reality, there are many statistical measures that can use VERITAS historical prices to predict the future VERITAS's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.271 |
VERITAS INC VERITAS Backtested Returns
VERITAS INC VERITAS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0955, which indicates the bond had a -0.0955% return per unit of standard deviation over the last 3 months. VERITAS INC VERITAS exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VERITAS's risk adjusted performance of (0.01), and Variance of 10.48 to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VERITAS are expected to decrease at a much lower rate. During the bear market, VERITAS is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
VERITAS INC VERITAS has below average predictability. Overlapping area represents the amount of predictability between VERITAS time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 VERITAS INC VERITAS price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current VERITAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 15.97 |
VERITAS INC VERITAS lagged returns against current returns
Autocorrelation, which is VERITAS 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 VERITAS's bond expected returns. We can calculate the autocorrelation of VERITAS returns to help us make a trade decision. For example, suppose you find that VERITAS 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 |
VERITAS 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 VERITAS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VERITAS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VERITAS bond over time.
Current vs Lagged Prices |
| Timeline |
VERITAS Lagged Returns
When evaluating VERITAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VERITAS bond have on its future price. VERITAS 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, VERITAS autocorrelation shows the relationship between VERITAS bond current value and its past values and can show if there is a momentum factor associated with investing in VERITAS INC VERITAS.
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 VERITAS Bond
VERITAS financial ratios help investors to determine whether VERITAS 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 VERITAS with respect to the benefits of owning VERITAS security.