Veren Inc Stock Market Value
| VRN Stock | 5.43 0.03 0.56% |
| Symbol | Veren |
Veren Inc Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Veren. If investors know Veren 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 Veren 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 0.075 | Dividend Share 0.545 | Earnings Share 0.54 | Revenue Per Share 6.388 | Quarterly Revenue Growth 0.012 |
The market value of Veren Inc is measured differently than its book value, which is the value of Veren that is recorded on the company's balance sheet. Investors also form their own opinion of Veren's value that differs from its market value or its book value, called intrinsic value, which is Veren'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 Veren's market value can be influenced by many factors that don't directly affect Veren'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 Veren's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veren is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veren'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.
Veren '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 Veren'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 Veren.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Veren on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Veren Inc or generate 0.0% return on investment in Veren over 360 days. Veren is related to or competes with Uranium Energy, Steven Madden, Vindicator Silver, Summa Silver, Mannatech Incorporated, Procter Gamble, and Lincoln Electric. Veren is entity of United States. It is traded as Stock on NYSE exchange. More
Veren 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 Veren'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 Veren Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 18.98 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.11 |
Veren Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veren's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veren's standard deviation. In reality, there are many statistical measures that can use Veren historical prices to predict the future Veren's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.49) |
Veren Inc Backtested Returns
Veren Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Veren Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veren's Risk Adjusted Performance of (0.10), variance of 7.1, and Coefficient Of Variation of (710.16) to confirm the risk estimate we provide. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Veren's returns are expected to increase less than the market. However, during the bear market, the loss of holding Veren is expected to be smaller as well. At this point, Veren Inc has a negative expected return of -0.41%. Please make sure to validate Veren's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Veren Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Veren Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between Veren time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Veren Inc price movement. The serial correlation of -0.83 indicates that around 83.0% of current Veren price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Veren Inc lagged returns against current returns
Autocorrelation, which is Veren 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 Veren's stock expected returns. We can calculate the autocorrelation of Veren returns to help us make a trade decision. For example, suppose you find that Veren 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 |
Veren 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 Veren stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veren stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veren stock over time.
Current vs Lagged Prices |
| Timeline |
Veren Lagged Returns
When evaluating Veren's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veren stock have on its future price. Veren 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, Veren autocorrelation shows the relationship between Veren stock current value and its past values and can show if there is a momentum factor associated with investing in Veren Inc.
Regressed Prices |
| Timeline |
Pair Trading with Veren
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 Veren 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 Veren will appreciate offsetting losses from the drop in the long position's value.Moving together with Veren Stock
Moving against Veren Stock
| 0.81 | LB | LandBridge Company Upward Rally | PairCorr |
| 0.74 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.73 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | EQT | EQT Corporation | PairCorr |
| 0.71 | DMLP | Dorchester Minerals | PairCorr |
The ability to find closely correlated positions to Veren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veren 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 Veren - 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 Veren Inc to buy it.
The correlation of Veren 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 Veren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veren Inc 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 Veren 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 Veren Correlation, Veren Volatility and Veren Alpha and Beta module to complement your research on Veren. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Veren 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.