Vitura Health (Australia) Market Value
| VIT Stock | 0.08 0 1.19% |
| Symbol | Vitura |
Vitura Health '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 Vitura Health'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 Vitura Health.
| 12/18/2024 |
| 01/17/2025 |
If you would invest 0.00 in Vitura Health on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Vitura Health Limited or generate 0.0% return on investment in Vitura Health over 30 days. Vitura Health is related to or competes with Talisman Mining, Bluescope Steel, and Red Hill. Vitura Health is entity of Australia. It is traded as Stock on AU exchange. More
Vitura Health 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 Vitura Health'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 Vitura Health Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.85 | |||
| Information Ratio | 0.0052 | |||
| Maximum Drawdown | 38.89 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 6.67 |
Vitura Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitura Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitura Health's standard deviation. In reality, there are many statistical measures that can use Vitura Health historical prices to predict the future Vitura Health's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0302 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0047 | |||
| Treynor Ratio | 0.0652 |
Vitura Health Limited Backtested Returns
Vitura Health Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Vitura Health Limited exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vitura Health's Coefficient Of Variation of 12050.99, risk adjusted performance of 0.0153, and Semi Deviation of 4.04 to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vitura Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitura Health is expected to be smaller as well. At this point, Vitura Health Limited has a negative expected return of -0.51%. Please make sure to validate Vitura Health's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Vitura Health Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Vitura Health Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Vitura Health time series from 18th of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 17th of January 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 Vitura Health Limited price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Vitura Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vitura Health Limited lagged returns against current returns
Autocorrelation, which is Vitura Health 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 Vitura Health's stock expected returns. We can calculate the autocorrelation of Vitura Health returns to help us make a trade decision. For example, suppose you find that Vitura Health 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 |
Vitura Health 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 Vitura Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitura Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitura Health stock over time.
Current vs Lagged Prices |
| Timeline |
Vitura Health Lagged Returns
When evaluating Vitura Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitura Health stock have on its future price. Vitura Health 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, Vitura Health autocorrelation shows the relationship between Vitura Health stock current value and its past values and can show if there is a momentum factor associated with investing in Vitura Health Limited.
Regressed Prices |
| Timeline |
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Additional Tools for Vitura Stock Analysis
When running Vitura Health's price analysis, check to measure Vitura Health'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 Vitura Health is operating at the current time. Most of Vitura Health's value examination focuses on studying past and present price action to predict the probability of Vitura Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitura Health's price. Additionally, you may evaluate how the addition of Vitura Health to your portfolios can decrease your overall portfolio volatility.