Veridis Environment (Israel) Market Value
| VRDS Stock | 2,367 38.00 1.58% |
| Symbol | Veridis |
Veridis Environment '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 Veridis Environment'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 Veridis Environment.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Veridis Environment on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Veridis Environment or generate 0.0% return on investment in Veridis Environment over 360 days. Veridis Environment is related to or competes with Delek Automotive, Alony Hetz, Enlight Renewable, Energix Renewable, and OPC Energy. More
Veridis Environment 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 Veridis Environment'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 Veridis Environment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1087 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 4.99 |
Veridis Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veridis Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veridis Environment's standard deviation. In reality, there are many statistical measures that can use Veridis Environment historical prices to predict the future Veridis Environment's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.4482 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1249 | |||
| Treynor Ratio | (1.84) |
Veridis Environment Backtested Returns
Veridis Environment appears to be very steady, given 3 months investment horizon. Veridis Environment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Veridis Environment, which you can use to evaluate the volatility of the company. Please review Veridis Environment's Semi Deviation of 1.92, coefficient of variation of 640.49, and Risk Adjusted Performance of 0.127 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Veridis Environment holds a performance score of 9. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veridis Environment are expected to decrease at a much lower rate. During the bear market, Veridis Environment is likely to outperform the market. Please check Veridis Environment's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Veridis Environment's existing price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Veridis Environment has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Veridis Environment time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Veridis Environment price movement. The serial correlation of -0.73 indicates that around 73.0% of current Veridis Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 62.8 K |
Veridis Environment lagged returns against current returns
Autocorrelation, which is Veridis Environment 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 Veridis Environment's stock expected returns. We can calculate the autocorrelation of Veridis Environment returns to help us make a trade decision. For example, suppose you find that Veridis Environment 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 |
Veridis Environment 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 Veridis Environment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veridis Environment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veridis Environment stock over time.
Current vs Lagged Prices |
| Timeline |
Veridis Environment Lagged Returns
When evaluating Veridis Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veridis Environment stock have on its future price. Veridis Environment 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, Veridis Environment autocorrelation shows the relationship between Veridis Environment stock current value and its past values and can show if there is a momentum factor associated with investing in Veridis Environment.
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 Veridis Stock
Veridis Environment financial ratios help investors to determine whether Veridis 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 Veridis with respect to the benefits of owning Veridis Environment security.