Vicinity Motor Corp Stock Market Value
| VMC Stock | CAD 0.07 0.00 0.00% |
| Symbol | Vicinity |
Vicinity Motor Corp Price To Book Ratio
Vicinity '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 Vicinity'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 Vicinity.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Vicinity on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vicinity Motor Corp or generate 0.0% return on investment in Vicinity over 570 days. Vicinity is related to or competes with GreenPower. Vicinity Motor Corp. designs, engineers, manufactures, and sells Vicinity branded mid-size multi-purpose transit vehicle... More
Vicinity 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 Vicinity'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 Vicinity Motor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 62.5 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 7.69 |
Vicinity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vicinity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vicinity's standard deviation. In reality, there are many statistical measures that can use Vicinity historical prices to predict the future Vicinity's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.20) | |||
| Total Risk Alpha | (2.51) | |||
| Treynor Ratio | 1.05 |
Vicinity Motor Corp Backtested Returns
Vicinity Motor Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Vicinity Motor Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vicinity's Risk Adjusted Performance of (0.12), variance of 59.67, and Coefficient Of Variation of (575.88) to confirm the risk estimate we provide. The entity has a beta of -1.28, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Vicinity are expected to decrease by larger amounts. On the other hand, during market turmoil, Vicinity is expected to outperform it. At this point, Vicinity Motor Corp has a negative expected return of -1.27%. Please make sure to validate Vicinity's jensen alpha, as well as the relationship between the skewness and day typical price , to decide if Vicinity Motor Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Vicinity Motor Corp has average predictability. Overlapping area represents the amount of predictability between Vicinity time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Vicinity Motor Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Vicinity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Vicinity Motor Corp lagged returns against current returns
Autocorrelation, which is Vicinity 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 Vicinity's stock expected returns. We can calculate the autocorrelation of Vicinity returns to help us make a trade decision. For example, suppose you find that Vicinity 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 |
Vicinity 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 Vicinity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vicinity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vicinity stock over time.
Current vs Lagged Prices |
| Timeline |
Vicinity Lagged Returns
When evaluating Vicinity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vicinity stock have on its future price. Vicinity 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, Vicinity autocorrelation shows the relationship between Vicinity stock current value and its past values and can show if there is a momentum factor associated with investing in Vicinity Motor Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Vicinity Stock Analysis
When running Vicinity's price analysis, check to measure Vicinity'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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.