VFD GROUP (Nigeria) Market Value
| VFDGROUP | 52.40 0.00 0.00% |
| Symbol | VFD |
VFD GROUP '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 VFD GROUP'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 VFD GROUP.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in VFD GROUP on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding VFD GROUP or generate 0.0% return on investment in VFD GROUP over 30 days.
VFD GROUP 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 VFD GROUP'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 VFD GROUP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1585 | |||
| Maximum Drawdown | 19.66 | |||
| Potential Upside | 9.09 |
VFD GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VFD GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VFD GROUP's standard deviation. In reality, there are many statistical measures that can use VFD GROUP historical prices to predict the future VFD GROUP's volatility.| Risk Adjusted Performance | 0.1248 | |||
| Jensen Alpha | 0.4151 | |||
| Total Risk Alpha | 0.4381 | |||
| Treynor Ratio | 8.86 |
VFD GROUP Backtested Returns
VFD GROUP appears to be very steady, given 3 months investment horizon. VFD GROUP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of volatility over the last 3 months. We have found eighteen technical indicators for VFD GROUP, which you can use to evaluate the volatility of the company. Please review VFD GROUP's risk adjusted performance of 0.1248, and Variance of 7.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VFD GROUP holds a performance score of 13. The entity has a beta of 0.0468, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VFD GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding VFD GROUP is expected to be smaller as well. Please check VFD GROUP's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day median price , to make a quick decision on whether VFD GROUP's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
VFD GROUP has insignificant reverse predictability. Overlapping area represents the amount of predictability between VFD GROUP time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of VFD GROUP price movement. The serial correlation of -0.14 indicates that less than 14.0% of current VFD GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 4.6 |
VFD GROUP lagged returns against current returns
Autocorrelation, which is VFD GROUP 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 VFD GROUP's stock expected returns. We can calculate the autocorrelation of VFD GROUP returns to help us make a trade decision. For example, suppose you find that VFD GROUP 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 |
VFD GROUP 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 VFD GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VFD GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VFD GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
VFD GROUP Lagged Returns
When evaluating VFD GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VFD GROUP stock have on its future price. VFD GROUP 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, VFD GROUP autocorrelation shows the relationship between VFD GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in VFD GROUP.
Regressed Prices |
| Timeline |
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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.Additional Tools for VFD Stock Analysis
When running VFD GROUP's price analysis, check to measure VFD GROUP's 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 VFD GROUP is operating at the current time. Most of VFD GROUP's value examination focuses on studying past and present price action to predict the probability of VFD GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VFD GROUP's price. Additionally, you may evaluate how the addition of VFD GROUP to your portfolios can decrease your overall portfolio volatility.