Veeva Systems Class Stock Market Value
| VEEV Stock | USD 226.95 10.37 4.79% |
| Symbol | Veeva |
Veeva Systems Class Price To Book Ratio
Is Health Care Technology 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 Veeva Systems. If investors know Veeva 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 Veeva Systems 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 0.529 | Earnings Share 3.75 | Revenue Per Share 15.961 | Quarterly Revenue Growth 0.146 | Return On Assets 0.0639 |
The market value of Veeva Systems Class is measured differently than its book value, which is the value of Veeva that is recorded on the company's balance sheet. Investors also form their own opinion of Veeva Systems' value that differs from its market value or its book value, called intrinsic value, which is Veeva Systems' 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 Veeva Systems' market value can be influenced by many factors that don't directly affect Veeva Systems' 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 Veeva Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeva Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeva Systems' 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.
Veeva Systems '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 Veeva Systems' 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 Veeva Systems.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Veeva Systems on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Veeva Systems Class or generate 0.0% return on investment in Veeva Systems over 510 days. Veeva Systems is related to or competes with Progyny, Teladoc, Goodrx Holdings, 10X Genomics, Schrodinger, Doximity, and American Well. Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacif... More
Veeva Systems 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 Veeva Systems' 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 Veeva Systems Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0433 | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 3.49 |
Veeva Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veeva Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veeva Systems' standard deviation. In reality, there are many statistical measures that can use Veeva Systems historical prices to predict the future Veeva Systems' volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.0723 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | 0.1817 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veeva Systems' 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.
Veeva Systems Class Backtested Returns
Veeva Systems appears to be very steady, given 3 months investment horizon. Veeva Systems Class owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Veeva Systems Class, which you can use to evaluate the volatility of the company. Please review Veeva Systems' Semi Deviation of 1.51, risk adjusted performance of 0.0868, and Coefficient Of Variation of 949.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Veeva Systems holds a performance score of 8. The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. Veeva Systems returns are very sensitive to returns on the market. As the market goes up or down, Veeva Systems is expected to follow. Please check Veeva Systems' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Veeva Systems' existing price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Veeva Systems Class has below average predictability. Overlapping area represents the amount of predictability between Veeva Systems time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Veeva Systems Class price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Veeva Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 235.55 |
Veeva Systems Class lagged returns against current returns
Autocorrelation, which is Veeva Systems 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 Veeva Systems' stock expected returns. We can calculate the autocorrelation of Veeva Systems returns to help us make a trade decision. For example, suppose you find that Veeva Systems 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 |
Veeva Systems 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 Veeva Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veeva Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veeva Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Veeva Systems Lagged Returns
When evaluating Veeva Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veeva Systems stock have on its future price. Veeva Systems 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, Veeva Systems autocorrelation shows the relationship between Veeva Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Veeva Systems Class.
Regressed Prices |
| Timeline |
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Additional Tools for Veeva Stock Analysis
When running Veeva Systems' price analysis, check to measure Veeva Systems' 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 Veeva Systems is operating at the current time. Most of Veeva Systems' value examination focuses on studying past and present price action to predict the probability of Veeva Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veeva Systems' price. Additionally, you may evaluate how the addition of Veeva Systems to your portfolios can decrease your overall portfolio volatility.