Via Renewables Preferred Stock Market Value
| VIASP Preferred Stock | USD 22.46 0.12 0.54% |
| Symbol | Via |
Via Renewables' Earnings Breakdown by Geography
Via Renewables '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 Via Renewables' preferred 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 Via Renewables.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Via Renewables on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Via Renewables or generate 0.0% return on investment in Via Renewables over 30 days. Via Renewables is related to or competes with CMS Energy, ACRES Commercial, and Atlanticus Holdings. Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United ... More
Via Renewables 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 Via Renewables' preferred 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 Via Renewables upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0097 | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 2.28 |
Via Renewables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Via Renewables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Via Renewables' standard deviation. In reality, there are many statistical measures that can use Via Renewables historical prices to predict the future Via Renewables' volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.1138 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.009 | |||
| Treynor Ratio | (3.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Via Renewables' 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.
Via Renewables Backtested Returns
Currently, Via Renewables is very steady. Via Renewables owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0962, which indicates the firm had a 0.0962% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Via Renewables, which you can use to evaluate the volatility of the company. Please validate Via Renewables' Coefficient Of Variation of 957.02, semi deviation of 1.04, and Risk Adjusted Performance of 0.0831 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Via Renewables has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.0303, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Via Renewables are expected to decrease at a much lower rate. During the bear market, Via Renewables is likely to outperform the market. Via Renewables right now has a risk of 1.16%. Please validate Via Renewables value at risk, and the relationship between the jensen alpha and skewness , to decide if Via Renewables will be following its existing price patterns.
Auto-correlation | 0.89 |
Very good predictability
Via Renewables has very good predictability. Overlapping area represents the amount of predictability between Via Renewables time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Via Renewables price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Via Renewables price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Via Renewables lagged returns against current returns
Autocorrelation, which is Via Renewables preferred 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 Via Renewables' preferred stock expected returns. We can calculate the autocorrelation of Via Renewables returns to help us make a trade decision. For example, suppose you find that Via Renewables has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Via Renewables 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 Via Renewables preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Via Renewables preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Via Renewables preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Via Renewables Lagged Returns
When evaluating Via Renewables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Via Renewables preferred stock have on its future price. Via Renewables 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, Via Renewables autocorrelation shows the relationship between Via Renewables preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Via Renewables.
Regressed Prices |
| Timeline |
Pair Trading with Via Renewables
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 Via Renewables 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 Via Renewables will appreciate offsetting losses from the drop in the long position's value.Moving against Via Preferred Stock
| 0.63 | ED | Consolidated Edison | PairCorr |
| 0.61 | ES | Eversource Energy | PairCorr |
| 0.59 | NEE | Nextera Energy Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.56 | FE | FirstEnergy | PairCorr |
| 0.55 | DTE | DTE Energy | PairCorr |
The ability to find closely correlated positions to Via Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Via Renewables 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 Via Renewables - 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 Via Renewables to buy it.
The correlation of Via Renewables 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 Via Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Via Renewables 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 Via Renewables 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.Additional Tools for Via Preferred Stock Analysis
When running Via Renewables' price analysis, check to measure Via Renewables' 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 Via Renewables is operating at the current time. Most of Via Renewables' value examination focuses on studying past and present price action to predict the probability of Via Renewables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Via Renewables' price. Additionally, you may evaluate how the addition of Via Renewables to your portfolios can decrease your overall portfolio volatility.