Vow Green (Norway) Market Value
| VGM Stock | 0.57 0.02 3.39% |
| Symbol | Vow |
Vow Green '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 Vow Green'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 Vow Green.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Vow Green on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vow Green Metals or generate 0.0% return on investment in Vow Green over 30 days. Vow Green is related to or competes with Waste Plastic, SpareBank, Kraft Bank, Sogn Sparebank, Grong Sparebank, Goodtech, and Aasen Sparebank. More
Vow Green 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 Vow Green'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 Vow Green Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 41.48 | |||
| Value At Risk | (11.29) | |||
| Potential Upside | 8.62 |
Vow Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vow Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vow Green's standard deviation. In reality, there are many statistical measures that can use Vow Green historical prices to predict the future Vow Green's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.98) | |||
| Total Risk Alpha | (2.05) | |||
| Treynor Ratio | (1.71) |
Vow Green Metals Backtested Returns
Vow Green Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0996, which indicates the firm had a -0.0996% return per unit of risk over the last 3 months. Vow Green Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vow Green's Risk Adjusted Performance of (0.09), coefficient of variation of (804.80), and Variance of 53.27 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vow Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vow Green is expected to be smaller as well. At this point, Vow Green Metals has a negative expected return of -0.73%. Please make sure to validate Vow Green's accumulation distribution, as well as the relationship between the day median price and price action indicator , to decide if Vow Green Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Vow Green Metals has modest reverse predictability. Overlapping area represents the amount of predictability between Vow Green time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Vow Green Metals price movement. The serial correlation of -0.48 indicates that about 48.0% of current Vow Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vow Green Metals lagged returns against current returns
Autocorrelation, which is Vow Green 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 Vow Green's stock expected returns. We can calculate the autocorrelation of Vow Green returns to help us make a trade decision. For example, suppose you find that Vow Green 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 |
Vow Green 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 Vow Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vow Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vow Green stock over time.
Current vs Lagged Prices |
| Timeline |
Vow Green Lagged Returns
When evaluating Vow Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vow Green stock have on its future price. Vow Green 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, Vow Green autocorrelation shows the relationship between Vow Green stock current value and its past values and can show if there is a momentum factor associated with investing in Vow Green Metals.
Regressed Prices |
| Timeline |
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Vow Green financial ratios help investors to determine whether Vow Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Vow with respect to the benefits of owning Vow Green security.