Vista Outdoor Stock Market Value
| VSTO Stock | USD 44.25 0.10 0.23% |
| Symbol | Vista |
Vista Outdoor Price To Book Ratio
Is Leisure Products 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 Vista Outdoor. If investors know Vista 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 Vista Outdoor 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 (0.07) | Earnings Share (0.19) | Revenue Per Share 46.113 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0643 |
The market value of Vista Outdoor is measured differently than its book value, which is the value of Vista that is recorded on the company's balance sheet. Investors also form their own opinion of Vista Outdoor's value that differs from its market value or its book value, called intrinsic value, which is Vista Outdoor'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 Vista Outdoor's market value can be influenced by many factors that don't directly affect Vista Outdoor'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 Vista Outdoor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vista Outdoor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vista Outdoor'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.
Vista Outdoor '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 Vista Outdoor'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 Vista Outdoor.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Vista Outdoor on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Vista Outdoor or generate 0.0% return on investment in Vista Outdoor over 30 days. Vista Outdoor is related to or competes with Clarus Corp, Johnson Outdoors, Escalade Incorporated, JAKKS Pacific, American Outdoor, OneSpaWorld Holdings, and Leatt Corp. Vista Outdoor Inc. designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in ... More
Vista Outdoor 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 Vista Outdoor'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 Vista Outdoor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8211 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.86 |
Vista Outdoor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vista Outdoor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vista Outdoor's standard deviation. In reality, there are many statistical measures that can use Vista Outdoor historical prices to predict the future Vista Outdoor's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.1841 | |||
| Total Risk Alpha | 0.0066 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | (41.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vista Outdoor's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Vista Outdoor Backtested Returns
As of now, Vista Stock is very steady. Vista Outdoor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vista Outdoor, which you can use to evaluate the volatility of the company. Please validate Vista Outdoor's Semi Deviation of 0.5233, coefficient of variation of 806.42, and Risk Adjusted Performance of 0.0986 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Vista Outdoor has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.0044, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vista Outdoor are expected to decrease at a much lower rate. During the bear market, Vista Outdoor is likely to outperform the market. Vista Outdoor right now has a risk of 1.58%. Please validate Vista Outdoor sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Vista Outdoor will be following its existing price patterns.
Auto-correlation | 0.38 |
Below average predictability
Vista Outdoor has below average predictability. Overlapping area represents the amount of predictability between Vista Outdoor time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Vista Outdoor price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Vista Outdoor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vista Outdoor lagged returns against current returns
Autocorrelation, which is Vista Outdoor 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 Vista Outdoor's stock expected returns. We can calculate the autocorrelation of Vista Outdoor returns to help us make a trade decision. For example, suppose you find that Vista Outdoor 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 |
Vista Outdoor 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 Vista Outdoor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vista Outdoor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vista Outdoor stock over time.
Current vs Lagged Prices |
| Timeline |
Vista Outdoor Lagged Returns
When evaluating Vista Outdoor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vista Outdoor stock have on its future price. Vista Outdoor 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, Vista Outdoor autocorrelation shows the relationship between Vista Outdoor stock current value and its past values and can show if there is a momentum factor associated with investing in Vista Outdoor.
Regressed Prices |
| Timeline |
Pair Trading with Vista Outdoor
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 Vista Outdoor 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 Vista Outdoor will appreciate offsetting losses from the drop in the long position's value.Moving together with Vista Stock
Moving against Vista Stock
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| 0.57 | VMAR | Vision Marine Techno Fiscal Year End 25th of November 2024 | PairCorr |
The ability to find closely correlated positions to Vista Outdoor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vista Outdoor 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 Vista Outdoor - 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 Vista Outdoor to buy it.
The correlation of Vista Outdoor 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 Vista Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vista Outdoor 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 Vista Outdoor 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 Vista Outdoor Correlation, Vista Outdoor Volatility and Vista Outdoor Alpha and Beta module to complement your research on Vista Outdoor. To learn how to invest in Vista Stock, please use our How to Invest in Vista Outdoor guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Vista Outdoor 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.