Veea Inc Stock Market Value
| VEEA Stock | 2.70 0.20 8.00% |
| Symbol | Veea |
Is Computers 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 Veea. If investors know Veea 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 Veea listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Veea Inc is measured differently than its book value, which is the value of Veea that is recorded on the company's balance sheet. Investors also form their own opinion of Veea's value that differs from its market value or its book value, called intrinsic value, which is Veea's 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 Veea's market value can be influenced by many factors that don't directly affect Veea's 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 Veea's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veea is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veea's 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.
Veea '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 Veea's 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 Veea.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Veea on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Veea Inc or generate 0.0% return on investment in Veea over 30 days. Veea is related to or competes with Warner Music, Semtech, QuickLogic, FormFactor, Iridium Communications, Allient, and Jabil Circuit. Veea is entity of United States. It is traded as Stock on NASDAQ exchange. More
Veea 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 Veea's 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 Veea Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 157.04 | |||
| Value At Risk | (23.71) | |||
| Potential Upside | 11.11 |
Veea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veea's standard deviation. In reality, there are many statistical measures that can use Veea historical prices to predict the future Veea's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.72) | |||
| Total Risk Alpha | (4.37) | |||
| Treynor Ratio | 0.3705 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veea's 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.
Veea Inc Backtested Returns
Veea Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0499, which indicates the firm had a -0.0499% return per unit of risk over the last 3 months. Veea Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veea's Variance of 439.58, coefficient of variation of (1,985), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -2.88, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Veea are expected to decrease by larger amounts. On the other hand, during market turmoil, Veea is expected to outperform it. At this point, Veea Inc has a negative expected return of -1.04%. Please make sure to validate Veea's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Veea Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Veea Inc has modest predictability. Overlapping area represents the amount of predictability between Veea time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Veea Inc price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Veea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Veea Inc lagged returns against current returns
Autocorrelation, which is Veea 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 Veea's stock expected returns. We can calculate the autocorrelation of Veea returns to help us make a trade decision. For example, suppose you find that Veea 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 |
Veea 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 Veea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veea stock over time.
Current vs Lagged Prices |
| Timeline |
Veea Lagged Returns
When evaluating Veea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veea stock have on its future price. Veea 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, Veea autocorrelation shows the relationship between Veea stock current value and its past values and can show if there is a momentum factor associated with investing in Veea 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.When determining whether Veea Inc is a strong investment it is important to analyze Veea's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Veea's future performance. For an informed investment choice regarding Veea Stock, refer to the following important reports:Check out Veea Correlation, Veea Volatility and Veea Alpha and Beta module to complement your research on Veea. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Veea 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.