Veeco Instruments Stock Market Value
| VECO Stock | USD 27.97 0.57 2.08% |
| Symbol | Veeco |
Veeco Instruments Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veeco Instruments. If investors know Veeco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veeco Instruments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Earnings Share 1.39 | Revenue Per Share 12.611 | Quarterly Revenue Growth 0.042 | Return On Assets 0.0457 |
The market value of Veeco Instruments is measured differently than its book value, which is the value of Veeco that is recorded on the company's balance sheet. Investors also form their own opinion of Veeco Instruments' value that differs from its market value or its book value, called intrinsic value, which is Veeco Instruments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veeco Instruments' market value can be influenced by many factors that don't directly affect Veeco Instruments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veeco Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeco Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeco Instruments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Veeco Instruments '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 Veeco Instruments' 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 Veeco Instruments.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Veeco Instruments on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Veeco Instruments or generate 0.0% return on investment in Veeco Instruments over 30 days. Veeco Instruments is related to or competes with IPG Photonics, and Applied Materials. Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and th... More
Veeco Instruments 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 Veeco Instruments' 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 Veeco Instruments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.77 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.96 |
Veeco Instruments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veeco Instruments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veeco Instruments' standard deviation. In reality, there are many statistical measures that can use Veeco Instruments historical prices to predict the future Veeco Instruments' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veeco Instruments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Veeco Instruments Backtested Returns
Veeco Instruments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Veeco Instruments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veeco Instruments' Coefficient Of Variation of (578.23), risk adjusted performance of (0.13), and Variance of 6.39 to confirm the risk estimate we provide. The entity has a beta of 1.9, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Veeco Instruments will likely underperform. At this point, Veeco Instruments has a negative expected return of -0.35%. Please make sure to validate Veeco Instruments' value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Veeco Instruments performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Veeco Instruments has very weak reverse predictability. Overlapping area represents the amount of predictability between Veeco Instruments time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Veeco Instruments price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Veeco Instruments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Veeco Instruments lagged returns against current returns
Autocorrelation, which is Veeco Instruments 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 Veeco Instruments' stock expected returns. We can calculate the autocorrelation of Veeco Instruments returns to help us make a trade decision. For example, suppose you find that Veeco Instruments 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 |
Veeco Instruments 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 Veeco Instruments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veeco Instruments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veeco Instruments stock over time.
Current vs Lagged Prices |
| Timeline |
Veeco Instruments Lagged Returns
When evaluating Veeco Instruments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veeco Instruments stock have on its future price. Veeco Instruments 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, Veeco Instruments autocorrelation shows the relationship between Veeco Instruments stock current value and its past values and can show if there is a momentum factor associated with investing in Veeco Instruments.
Regressed Prices |
| Timeline |
Pair Trading with Veeco Instruments
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Veeco Instruments position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Veeco Instruments will appreciate offsetting losses from the drop in the long position's value.Moving together with Veeco Stock
Moving against Veeco Stock
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The ability to find closely correlated positions to Veeco Instruments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veeco Instruments when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Veeco Instruments - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Veeco Instruments to buy it.
The correlation of Veeco Instruments is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veeco Instruments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veeco Instruments moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Veeco Instruments can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Veeco Instruments Correlation, Veeco Instruments Volatility and Veeco Instruments Alpha and Beta module to complement your research on Veeco Instruments. To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Veeco Instruments technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.