Veolia Environnement (Germany) Market Value
| VVDH Stock | 13.60 0.10 0.73% |
| Symbol | Veolia |
Veolia Environnement '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 Veolia Environnement'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 Veolia Environnement.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Veolia Environnement on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Veolia Environnement SA or generate 0.0% return on investment in Veolia Environnement over 390 days. Veolia Environnement is related to or competes with GFL ENVIRONM, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. More
Veolia Environnement 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 Veolia Environnement'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 Veolia Environnement SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.08 |
Veolia Environnement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veolia Environnement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veolia Environnement's standard deviation. In reality, there are many statistical measures that can use Veolia Environnement historical prices to predict the future Veolia Environnement's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.46 |
Veolia Environnement Backtested Returns
Veolia Environnement owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.07, which indicates the firm had a -0.07% return per unit of risk over the last 3 months. Veolia Environnement SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veolia Environnement's Variance of 1.33, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,143) to confirm the risk estimate we provide. The entity has a beta of -0.0319, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veolia Environnement are expected to decrease at a much lower rate. During the bear market, Veolia Environnement is likely to outperform the market. At this point, Veolia Environnement has a negative expected return of -0.0813%. Please make sure to validate Veolia Environnement's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Veolia Environnement performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Veolia Environnement SA has good reverse predictability. Overlapping area represents the amount of predictability between Veolia Environnement time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Veolia Environnement price movement. The serial correlation of -0.54 indicates that about 54.0% of current Veolia Environnement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Veolia Environnement lagged returns against current returns
Autocorrelation, which is Veolia Environnement 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 Veolia Environnement's stock expected returns. We can calculate the autocorrelation of Veolia Environnement returns to help us make a trade decision. For example, suppose you find that Veolia Environnement 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 |
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Veolia Environnement 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 Veolia Environnement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veolia Environnement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veolia Environnement stock over time.
Current vs Lagged Prices |
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Veolia Environnement Lagged Returns
When evaluating Veolia Environnement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veolia Environnement stock have on its future price. Veolia Environnement 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, Veolia Environnement autocorrelation shows the relationship between Veolia Environnement stock current value and its past values and can show if there is a momentum factor associated with investing in Veolia Environnement SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Veolia Stock Analysis
When running Veolia Environnement's price analysis, check to measure Veolia Environnement's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veolia Environnement is operating at the current time. Most of Veolia Environnement's value examination focuses on studying past and present price action to predict the probability of Veolia Environnement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veolia Environnement's price. Additionally, you may evaluate how the addition of Veolia Environnement to your portfolios can decrease your overall portfolio volatility.