VODAFONE GROUP PLC Market Value
| 92857WBJ8 | 97.16 2.66 2.66% |
| Symbol | VODAFONE |
VODAFONE '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 VODAFONE'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 VODAFONE.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in VODAFONE on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding VODAFONE GROUP PLC or generate 0.0% return on investment in VODAFONE over 30 days. VODAFONE is related to or competes with Coupang LLC, National Vision, Freedom Internet, Cedar Realty, Tradeweb Markets, Meiwu Technology, and Radcom. More
VODAFONE 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 VODAFONE'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 VODAFONE GROUP PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.3218 |
VODAFONE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VODAFONE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VODAFONE's standard deviation. In reality, there are many statistical measures that can use VODAFONE historical prices to predict the future VODAFONE's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (3.99) |
VODAFONE GROUP PLC Backtested Returns
VODAFONE GROUP PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0535, which indicates the bond had a -0.0535% return per unit of volatility over the last 3 months. VODAFONE GROUP PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VODAFONE's risk adjusted performance of (0.07), and Variance of 0.1704 to confirm the risk estimate we provide. The entity has a beta of 0.0109, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VODAFONE's returns are expected to increase less than the market. However, during the bear market, the loss of holding VODAFONE is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
VODAFONE GROUP PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between VODAFONE 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 VODAFONE GROUP PLC price movement. The serial correlation of -0.1 indicates that less than 10.0% of current VODAFONE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
VODAFONE GROUP PLC lagged returns against current returns
Autocorrelation, which is VODAFONE 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 VODAFONE's bond expected returns. We can calculate the autocorrelation of VODAFONE returns to help us make a trade decision. For example, suppose you find that VODAFONE 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 |
VODAFONE 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 VODAFONE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VODAFONE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VODAFONE bond over time.
Current vs Lagged Prices |
| Timeline |
VODAFONE Lagged Returns
When evaluating VODAFONE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VODAFONE bond have on its future price. VODAFONE 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, VODAFONE autocorrelation shows the relationship between VODAFONE bond current value and its past values and can show if there is a momentum factor associated with investing in VODAFONE GROUP PLC.
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 VODAFONE Bond
VODAFONE financial ratios help investors to determine whether VODAFONE 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 VODAFONE with respect to the benefits of owning VODAFONE security.