Vocento (Spain) Market Value
| VOC Stock | EUR 0.62 0.01 1.64% |
| Symbol | Vocento |
Vocento '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 Vocento'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 Vocento.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Vocento on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vocento or generate 0.0% return on investment in Vocento over 360 days. Vocento is related to or competes with Elecnor SA, Tubacex SA, Realia, Ercros, and Prosegur. Vocento, S.A., together with its subsidiaries, operates as a multimedia communications company in Spain More
Vocento 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 Vocento'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 Vocento upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.03 |
Vocento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vocento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vocento's standard deviation. In reality, there are many statistical measures that can use Vocento historical prices to predict the future Vocento's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (1.31) |
Vocento Backtested Returns
Vocento 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. Vocento exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vocento's Risk Adjusted Performance of (0.09), variance of 2.57, and Coefficient Of Variation of (832.16) to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vocento's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vocento is expected to be smaller as well. At this point, Vocento has a negative expected return of -0.18%. Please make sure to validate Vocento's variance, treynor ratio, accumulation distribution, as well as the relationship between the jensen alpha and skewness , to decide if Vocento performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Vocento has excellent reverse predictability. Overlapping area represents the amount of predictability between Vocento time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Vocento price movement. The serial correlation of -0.81 indicates that around 81.0% of current Vocento price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vocento lagged returns against current returns
Autocorrelation, which is Vocento 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 Vocento's stock expected returns. We can calculate the autocorrelation of Vocento returns to help us make a trade decision. For example, suppose you find that Vocento 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 |
Vocento 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 Vocento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vocento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vocento stock over time.
Current vs Lagged Prices |
| Timeline |
Vocento Lagged Returns
When evaluating Vocento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vocento stock have on its future price. Vocento 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, Vocento autocorrelation shows the relationship between Vocento stock current value and its past values and can show if there is a momentum factor associated with investing in Vocento.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Vocento Stock
Vocento financial ratios help investors to determine whether Vocento Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Vocento with respect to the benefits of owning Vocento security.