Vicinity Centres (Australia) Market Value
| VCX Stock | 2.19 0.05 2.34% |
| Symbol | Vicinity |
Vicinity Centres '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 Vicinity Centres' 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 Vicinity Centres.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Vicinity Centres on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Vicinity Centres Re or generate 0.0% return on investment in Vicinity Centres over 690 days. Vicinity Centres is related to or competes with Bank of Queensland, Commonwealth Bank, Red Hill, Bisalloy Steel, Finexia Financial, Qbe Insurance, and Macquarie Bank. Vicinity Centres is entity of Australia. It is traded as Stock on AU exchange. More
Vicinity Centres 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 Vicinity Centres' 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 Vicinity Centres Re upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.81 |
Vicinity Centres Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vicinity Centres' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vicinity Centres' standard deviation. In reality, there are many statistical measures that can use Vicinity Centres historical prices to predict the future Vicinity Centres' volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.13) |
Vicinity Centres Backtested Returns
Currently, Vicinity Centres Re is moderately volatile. Vicinity Centres owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0173, which indicates the firm had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vicinity Centres Re, which you can use to evaluate the volatility of the company. Please validate Vicinity Centres' Risk Adjusted Performance of 0.0172, semi deviation of 1.31, and Coefficient Of Variation of 5836.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.0225%. Vicinity Centres has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0933, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vicinity Centres are expected to decrease at a much lower rate. During the bear market, Vicinity Centres is likely to outperform the market. Vicinity Centres right now has a risk of 1.3%. Please validate Vicinity Centres downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Vicinity Centres will be following its existing price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Vicinity Centres Re has good reverse predictability. Overlapping area represents the amount of predictability between Vicinity Centres time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Vicinity Centres price movement. The serial correlation of -0.53 indicates that about 53.0% of current Vicinity Centres price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Vicinity Centres lagged returns against current returns
Autocorrelation, which is Vicinity Centres 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 Vicinity Centres' stock expected returns. We can calculate the autocorrelation of Vicinity Centres returns to help us make a trade decision. For example, suppose you find that Vicinity Centres 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 |
Vicinity Centres 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 Vicinity Centres stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vicinity Centres stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vicinity Centres stock over time.
Current vs Lagged Prices |
| Timeline |
Vicinity Centres Lagged Returns
When evaluating Vicinity Centres' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vicinity Centres stock have on its future price. Vicinity Centres 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, Vicinity Centres autocorrelation shows the relationship between Vicinity Centres stock current value and its past values and can show if there is a momentum factor associated with investing in Vicinity Centres Re.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Vicinity Stock Analysis
When running Vicinity Centres' price analysis, check to measure Vicinity Centres' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vicinity Centres is operating at the current time. Most of Vicinity Centres' value examination focuses on studying past and present price action to predict the probability of Vicinity Centres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity Centres' price. Additionally, you may evaluate how the addition of Vicinity Centres to your portfolios can decrease your overall portfolio volatility.