Versarien PLC (UK) Market Value
| VRS Stock | 0.03 0 4.84% |
| Symbol | Versarien |
Versarien PLC '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 Versarien PLC'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 Versarien PLC.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Versarien PLC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Versarien PLC or generate 0.0% return on investment in Versarien PLC over 30 days. Versarien PLC is related to or competes with Vienna Insurance, GreenX Metals, Europa Metals, European Metals, Central Asia, Future Metals, and Sovereign Metals. Versarien PLC is entity of United Kingdom More
Versarien PLC 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 Versarien PLC'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 Versarien PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 52.17 | |||
| Value At Risk | (11.85) | |||
| Potential Upside | 7.28 |
Versarien PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Versarien PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Versarien PLC's standard deviation. In reality, there are many statistical measures that can use Versarien PLC historical prices to predict the future Versarien PLC's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | 0.9114 |
Versarien PLC Backtested Returns
Versarien PLC 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. Versarien PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Versarien PLC's Risk Adjusted Performance of (0.11), variance of 45.42, and Coefficient Of Variation of (645.92) to confirm the risk estimate we provide. The entity has a beta of -1.16, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Versarien PLC are expected to decrease by larger amounts. On the other hand, during market turmoil, Versarien PLC is expected to outperform it. At this point, Versarien PLC has a negative expected return of -1.03%. Please make sure to validate Versarien PLC's kurtosis and the relationship between the rate of daily change and relative strength index , to decide if Versarien PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Versarien PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Versarien PLC time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Versarien PLC price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Versarien PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Versarien PLC lagged returns against current returns
Autocorrelation, which is Versarien PLC 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 Versarien PLC's stock expected returns. We can calculate the autocorrelation of Versarien PLC returns to help us make a trade decision. For example, suppose you find that Versarien PLC 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 |
Versarien PLC 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 Versarien PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Versarien PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Versarien PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Versarien PLC Lagged Returns
When evaluating Versarien PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Versarien PLC stock have on its future price. Versarien PLC 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, Versarien PLC autocorrelation shows the relationship between Versarien PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Versarien PLC.
Regressed Prices |
| Timeline |
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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 Versarien Stock
Versarien PLC financial ratios help investors to determine whether Versarien 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 Versarien with respect to the benefits of owning Versarien PLC security.