Verena Multi (Indonesia) Market Value
| VRNA Stock | IDR 89.00 2.00 2.30% |
| Symbol | Verena |
Verena Multi '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 Verena Multi'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 Verena Multi.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Verena Multi on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Verena Multi Finance or generate 0.0% return on investment in Verena Multi over 360 days. Verena Multi is related to or competes with Paninvest Tbk, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. Verena Multi Finance Tbk provides consumer finance and leasing services to individuals and financial institutions in Ind... More
Verena Multi 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 Verena Multi'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 Verena Multi Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.27 |
Verena Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Verena Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Verena Multi's standard deviation. In reality, there are many statistical measures that can use Verena Multi historical prices to predict the future Verena Multi's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.03) |
Verena Multi Finance Backtested Returns
Verena Multi Finance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0841, which indicates the firm had a -0.0841% return per unit of risk over the last 3 months. Verena Multi Finance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Verena Multi's Variance of 3.33, coefficient of variation of (1,046), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Verena Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Verena Multi is expected to be smaller as well. At this point, Verena Multi Finance has a negative expected return of -0.15%. Please make sure to validate Verena Multi's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if Verena Multi Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Verena Multi Finance has weak predictability. Overlapping area represents the amount of predictability between Verena Multi time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Verena Multi Finance price movement. The serial correlation of 0.24 indicates that over 24.0% of current Verena Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 25.28 |
Verena Multi Finance lagged returns against current returns
Autocorrelation, which is Verena Multi 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 Verena Multi's stock expected returns. We can calculate the autocorrelation of Verena Multi returns to help us make a trade decision. For example, suppose you find that Verena Multi 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 |
Verena Multi 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 Verena Multi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Verena Multi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Verena Multi stock over time.
Current vs Lagged Prices |
| Timeline |
Verena Multi Lagged Returns
When evaluating Verena Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Verena Multi stock have on its future price. Verena Multi 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, Verena Multi autocorrelation shows the relationship between Verena Multi stock current value and its past values and can show if there is a momentum factor associated with investing in Verena Multi Finance.
Regressed Prices |
| Timeline |
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Verena Multi financial ratios help investors to determine whether Verena 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 Verena with respect to the benefits of owning Verena Multi security.