Verizon Communications Cdr Stock Market Value
| VZ Stock | 18.61 0.12 0.65% |
| Symbol | Verizon |
Verizon Communications '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 Verizon Communications' 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 Verizon Communications.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Verizon Communications on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Verizon Communications CDR or generate 0.0% return on investment in Verizon Communications over 30 days. Verizon Communications is related to or competes with Alphabet, Microsoft Corp, NVIDIA CDR, and BOEING CDR. Verizon Communications is entity of Canada More
Verizon Communications 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 Verizon Communications' 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 Verizon Communications CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.17 |
Verizon Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Verizon Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Verizon Communications' standard deviation. In reality, there are many statistical measures that can use Verizon Communications historical prices to predict the future Verizon Communications' volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.093 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.47) |
Verizon Communications Backtested Returns
As of now, Verizon Stock is very steady. Verizon Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0497, which indicates the firm had a 0.0497% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Verizon Communications CDR, which you can use to evaluate the volatility of the company. Please validate Verizon Communications' Risk Adjusted Performance of 0.0533, coefficient of variation of 1558.78, and Semi Deviation of 1.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0685%. Verizon Communications has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Verizon Communications are expected to decrease at a much lower rate. During the bear market, Verizon Communications is likely to outperform the market. Verizon Communications right now has a risk of 1.38%. Please validate Verizon Communications value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to decide if Verizon Communications will be following its existing price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Verizon Communications CDR has good reverse predictability. Overlapping area represents the amount of predictability between Verizon Communications 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 Verizon Communications price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Verizon Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Verizon Communications lagged returns against current returns
Autocorrelation, which is Verizon Communications 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 Verizon Communications' stock expected returns. We can calculate the autocorrelation of Verizon Communications returns to help us make a trade decision. For example, suppose you find that Verizon Communications 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 |
Verizon Communications 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 Verizon Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Verizon Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Verizon Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Verizon Communications Lagged Returns
When evaluating Verizon Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Verizon Communications stock have on its future price. Verizon Communications 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, Verizon Communications autocorrelation shows the relationship between Verizon Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Verizon Communications CDR.
Regressed Prices |
| Timeline |
Pair Trading with Verizon Communications
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 Verizon Communications 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 Verizon Communications will appreciate offsetting losses from the drop in the long position's value.Moving against Verizon Stock
The ability to find closely correlated positions to Verizon Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Verizon Communications 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 Verizon Communications - 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 Verizon Communications CDR to buy it.
The correlation of Verizon Communications 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 Verizon Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Verizon Communications 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 Verizon Communications 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.Other Information on Investing in Verizon Stock
Verizon Communications financial ratios help investors to determine whether Verizon 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 Verizon with respect to the benefits of owning Verizon Communications security.