Veralto Stock Market Value
| VLTO Stock | 107.96 0.52 0.48% |
| Symbol | Veralto |
Veralto Price To Book Ratio
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veralto. If investors know Veralto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veralto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.06 | Dividend Share 0.36 | Earnings Share 3.24 | Revenue Per Share 20.787 | Quarterly Revenue Growth 0.047 |
The market value of Veralto is measured differently than its book value, which is the value of Veralto that is recorded on the company's balance sheet. Investors also form their own opinion of Veralto's value that differs from its market value or its book value, called intrinsic value, which is Veralto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veralto's market value can be influenced by many factors that don't directly affect Veralto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veralto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veralto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veralto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Veralto '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 Veralto'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 Veralto.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Veralto on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Veralto or generate 0.0% return on investment in Veralto over 720 days. Veralto is related to or competes with Genpact, Broadridge Financial, First Advantage, Franklin Covey, Kingsoft Cloud, Mistras, and NL Industries. Veralto is entity of United States. It is traded as Stock on NYSE exchange. More
Veralto 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 Veralto'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 Veralto upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.27 |
Veralto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veralto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veralto's standard deviation. In reality, there are many statistical measures that can use Veralto historical prices to predict the future Veralto's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veralto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Veralto Backtested Returns
Veralto owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0456, which indicates the firm had a -0.0456% return per unit of risk over the last 3 months. Veralto exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veralto's Risk Adjusted Performance of (0.03), variance of 1.1, and Coefficient Of Variation of (2,704) to confirm the risk estimate we provide. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Veralto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Veralto is expected to be smaller as well. At this point, Veralto has a negative expected return of -0.0487%. Please make sure to validate Veralto's maximum drawdown and rate of daily change , to decide if Veralto performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Veralto has very weak reverse predictability. Overlapping area represents the amount of predictability between Veralto time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Veralto price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Veralto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 6.79 |
Veralto lagged returns against current returns
Autocorrelation, which is Veralto 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 Veralto's stock expected returns. We can calculate the autocorrelation of Veralto returns to help us make a trade decision. For example, suppose you find that Veralto 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 |
Veralto 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 Veralto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veralto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veralto stock over time.
Current vs Lagged Prices |
| Timeline |
Veralto Lagged Returns
When evaluating Veralto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veralto stock have on its future price. Veralto 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, Veralto autocorrelation shows the relationship between Veralto stock current value and its past values and can show if there is a momentum factor associated with investing in Veralto.
Regressed Prices |
| Timeline |
Pair Trading with Veralto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Veralto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Veralto will appreciate offsetting losses from the drop in the long position's value.Moving together with Veralto Stock
Moving against Veralto Stock
| 0.7 | LZ | LegalZoom | PairCorr |
| 0.61 | DRVN | Driven Brands Holdings | PairCorr |
| 0.56 | SQ | Block Inc | PairCorr |
| 0.55 | WM | Waste Management | PairCorr |
| 0.54 | VRSK | Verisk Analytics | PairCorr |
The ability to find closely correlated positions to Veralto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veralto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Veralto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Veralto to buy it.
The correlation of Veralto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veralto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veralto moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Veralto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Veralto Correlation, Veralto Volatility and Veralto Alpha and Beta module to complement your research on Veralto. To learn how to invest in Veralto Stock, please use our How to Invest in Veralto guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Veralto technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.