Vienna Insurance (Austria) Market Value
| VIG Stock | EUR 29.10 0.20 0.69% |
| Symbol | Vienna |
Vienna Insurance '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 Vienna Insurance'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 Vienna Insurance.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Vienna Insurance on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Vienna Insurance Group or generate 0.0% return on investment in Vienna Insurance over 360 days. Vienna Insurance is related to or competes with Erste Group, UNIQA Insurance, Raiffeisen Bank, Voestalpine, and Oesterr Post. More
Vienna Insurance 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 Vienna Insurance'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 Vienna Insurance Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.43 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.63 |
Vienna Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vienna Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vienna Insurance's standard deviation. In reality, there are many statistical measures that can use Vienna Insurance historical prices to predict the future Vienna Insurance's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.37) |
Vienna Insurance Backtested Returns
Vienna Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.065, which indicates the firm had a -0.065% return per unit of risk over the last 3 months. Vienna Insurance Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vienna Insurance's Risk Adjusted Performance of (0.06), coefficient of variation of (1,214), and Variance of 0.9202 to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vienna Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vienna Insurance is expected to be smaller as well. At this point, Vienna Insurance has a negative expected return of -0.0618%. Please make sure to validate Vienna Insurance's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Vienna Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Vienna Insurance Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Vienna Insurance time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Vienna Insurance price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Vienna Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Vienna Insurance lagged returns against current returns
Autocorrelation, which is Vienna Insurance 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 Vienna Insurance's stock expected returns. We can calculate the autocorrelation of Vienna Insurance returns to help us make a trade decision. For example, suppose you find that Vienna Insurance 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 |
Vienna Insurance 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 Vienna Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vienna Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vienna Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Vienna Insurance Lagged Returns
When evaluating Vienna Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vienna Insurance stock have on its future price. Vienna Insurance 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, Vienna Insurance autocorrelation shows the relationship between Vienna Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Vienna Insurance Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Vienna Stock
Vienna Insurance financial ratios help investors to determine whether Vienna 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 Vienna with respect to the benefits of owning Vienna Insurance security.