Viva Wine (Sweden) Market Value
| VIVA Stock | 39.30 1.50 3.68% |
| Symbol | Viva |
Viva Wine '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 Viva Wine'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 Viva Wine.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Viva Wine on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Viva Wine Group or generate 0.0% return on investment in Viva Wine over 30 days. Viva Wine is related to or competes with Cint Group, Nordic Waterproofing, and Inwido AB. More
Viva Wine 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 Viva Wine'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 Viva Wine Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.01 |
Viva Wine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viva Wine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viva Wine's standard deviation. In reality, there are many statistical measures that can use Viva Wine historical prices to predict the future Viva Wine's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 2.0 |
Viva Wine Group Backtested Returns
Viva Wine Group 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. Viva Wine Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viva Wine's Risk Adjusted Performance of (0.03), coefficient of variation of (2,155), and Variance of 2.55 to confirm the risk estimate we provide. The entity has a beta of -0.0421, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viva Wine are expected to decrease at a much lower rate. During the bear market, Viva Wine is likely to outperform the market. At this point, Viva Wine Group has a negative expected return of -0.18%. Please make sure to validate Viva Wine's skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Viva Wine Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Viva Wine Group has weak predictability. Overlapping area represents the amount of predictability between Viva Wine time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Viva Wine Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Viva Wine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Viva Wine Group lagged returns against current returns
Autocorrelation, which is Viva Wine 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 Viva Wine's stock expected returns. We can calculate the autocorrelation of Viva Wine returns to help us make a trade decision. For example, suppose you find that Viva Wine 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 |
Viva Wine 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 Viva Wine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viva Wine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viva Wine stock over time.
Current vs Lagged Prices |
| Timeline |
Viva Wine Lagged Returns
When evaluating Viva Wine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viva Wine stock have on its future price. Viva Wine 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, Viva Wine autocorrelation shows the relationship between Viva Wine stock current value and its past values and can show if there is a momentum factor associated with investing in Viva Wine Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Viva Stock Analysis
When running Viva Wine's price analysis, check to measure Viva Wine'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 Viva Wine is operating at the current time. Most of Viva Wine's value examination focuses on studying past and present price action to predict the probability of Viva Wine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viva Wine's price. Additionally, you may evaluate how the addition of Viva Wine to your portfolios can decrease your overall portfolio volatility.