Virbac SA (France) Market Value
| VIRP Stock | EUR 323.50 4.00 1.25% |
| Symbol | Virbac |
Virbac SA '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 Virbac SA'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 Virbac SA.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Virbac SA on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Virbac SA or generate 0.0% return on investment in Virbac SA over 30 days. Virbac SA is related to or competes with Vetoquinol, Trigano SA, Biomerieux, Sartorius Stedim, and Ipsen SA. Virbac SA produces and sells medicines and vaccines for companion and food-producing animals More
Virbac SA 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 Virbac SA'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 Virbac SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.63 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 3.03 |
Virbac SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virbac SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virbac SA's standard deviation. In reality, there are many statistical measures that can use Virbac SA historical prices to predict the future Virbac SA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.21) |
Virbac SA Backtested Returns
Virbac SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0292, which indicates the firm had a -0.0292% return per unit of risk over the last 3 months. Virbac SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Virbac SA's Coefficient Of Variation of (4,252), risk adjusted performance of (0.01), and Variance of 5.62 to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Virbac SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Virbac SA is expected to be smaller as well. At this point, Virbac SA has a negative expected return of -0.069%. Please make sure to validate Virbac SA's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Virbac SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Virbac SA has below average predictability. Overlapping area represents the amount of predictability between Virbac SA time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Virbac SA price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Virbac SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 131.48 |
Virbac SA lagged returns against current returns
Autocorrelation, which is Virbac SA 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 Virbac SA's stock expected returns. We can calculate the autocorrelation of Virbac SA returns to help us make a trade decision. For example, suppose you find that Virbac SA 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 |
Virbac SA 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 Virbac SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virbac SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virbac SA stock over time.
Current vs Lagged Prices |
| Timeline |
Virbac SA Lagged Returns
When evaluating Virbac SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virbac SA stock have on its future price. Virbac SA 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, Virbac SA autocorrelation shows the relationship between Virbac SA stock current value and its past values and can show if there is a momentum factor associated with investing in Virbac SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Virbac Stock
Virbac SA financial ratios help investors to determine whether Virbac 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 Virbac with respect to the benefits of owning Virbac SA security.