Voestalpine Ag Pk Stock Market Value
| VLPNY Stock | USD 3.85 0.14 3.51% |
| Symbol | Voestalpine |
Voestalpine '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 Voestalpine's pink sheet 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 Voestalpine.
| 01/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in Voestalpine on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Voestalpine AG PK or generate 0.0% return on investment in Voestalpine over 690 days. Voestalpine is related to or competes with Gerdau SA, Usinas Siderurgicas, Ternium SA, POSCO Holdings, Steel Dynamics, Nucor Corp, and Cleveland Cliffs. Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and international... More
Voestalpine 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 Voestalpine's pink sheet 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 Voestalpine AG PK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 4.55 |
Voestalpine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voestalpine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voestalpine's standard deviation. In reality, there are many statistical measures that can use Voestalpine historical prices to predict the future Voestalpine's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.7922 |
Voestalpine AG PK Backtested Returns
Voestalpine AG PK owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0882, which indicates the firm had a -0.0882% return per unit of risk over the last 3 months. Voestalpine AG PK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voestalpine's Risk Adjusted Performance of (0.04), variance of 7.4, and Coefficient Of Variation of (1,466) to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voestalpine are expected to decrease at a much lower rate. During the bear market, Voestalpine is likely to outperform the market. At this point, Voestalpine AG PK has a negative expected return of -0.24%. Please make sure to validate Voestalpine's standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to decide if Voestalpine AG PK performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Voestalpine AG PK has good predictability. Overlapping area represents the amount of predictability between Voestalpine time series from 28th of January 2023 to 8th of January 2024 and 8th of January 2024 to 18th of December 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 Voestalpine AG PK price movement. The serial correlation of 0.68 indicates that around 68.0% of current Voestalpine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Voestalpine AG PK lagged returns against current returns
Autocorrelation, which is Voestalpine pink sheet'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 Voestalpine's pink sheet expected returns. We can calculate the autocorrelation of Voestalpine returns to help us make a trade decision. For example, suppose you find that Voestalpine has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Voestalpine 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 Voestalpine pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voestalpine pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voestalpine pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Voestalpine Lagged Returns
When evaluating Voestalpine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voestalpine pink sheet have on its future price. Voestalpine 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, Voestalpine autocorrelation shows the relationship between Voestalpine pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Voestalpine AG PK.
Regressed Prices |
| Timeline |
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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.Additional Tools for Voestalpine Pink Sheet Analysis
When running Voestalpine's price analysis, check to measure Voestalpine'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 Voestalpine is operating at the current time. Most of Voestalpine's value examination focuses on studying past and present price action to predict the probability of Voestalpine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voestalpine's price. Additionally, you may evaluate how the addition of Voestalpine to your portfolios can decrease your overall portfolio volatility.