Vitec Software (UK) Market Value
| 0RDI Stock | 552.00 2.00 0.36% |
| Symbol | Vitec |
Vitec Software '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 Vitec Software'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 Vitec Software.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Vitec Software on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Vitec Software Group or generate 0.0% return on investment in Vitec Software over 90 days. Vitec Software is related to or competes with JD Sports, Costco Wholesale, Universal Health, Omega Healthcare, Target Healthcare, Primary Health, and Worldwide Healthcare. Vitec Software is entity of United Kingdom More
Vitec Software 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 Vitec Software'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 Vitec Software Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1281 | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.69 |
Vitec Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitec Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitec Software's standard deviation. In reality, there are many statistical measures that can use Vitec Software historical prices to predict the future Vitec Software's volatility.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.1841 | |||
| Total Risk Alpha | 0.407 | |||
| Sortino Ratio | 0.1151 | |||
| Treynor Ratio | 0.1913 |
Vitec Software Group Backtested Returns
Currently, Vitec Software Group is very steady. Vitec Software Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.077, which indicates the firm had a 0.077 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vitec Software Group, which you can use to evaluate the volatility of the company. Please validate Vitec Software's Risk Adjusted Performance of 0.0583, semi deviation of 1.77, and Coefficient Of Variation of 1581.65 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Vitec Software has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vitec Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitec Software is expected to be smaller as well. Vitec Software Group right now has a risk of 1.93%. Please validate Vitec Software standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Vitec Software will be following its existing price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Vitec Software Group has very weak predictability. Overlapping area represents the amount of predictability between Vitec Software time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vitec Software Group price movement. The serial correlation of 0.17 indicates that over 17.0% of current Vitec Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 532.44 |
Vitec Software Group lagged returns against current returns
Autocorrelation, which is Vitec Software 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 Vitec Software's stock expected returns. We can calculate the autocorrelation of Vitec Software returns to help us make a trade decision. For example, suppose you find that Vitec Software 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 |
Vitec Software 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 Vitec Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitec Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitec Software stock over time.
Current vs Lagged Prices |
| Timeline |
Vitec Software Lagged Returns
When evaluating Vitec Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitec Software stock have on its future price. Vitec Software 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, Vitec Software autocorrelation shows the relationship between Vitec Software stock current value and its past values and can show if there is a momentum factor associated with investing in Vitec Software Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Tools for Vitec Stock Analysis
When running Vitec Software's price analysis, check to measure Vitec Software'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 Vitec Software is operating at the current time. Most of Vitec Software's value examination focuses on studying past and present price action to predict the probability of Vitec Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitec Software's price. Additionally, you may evaluate how the addition of Vitec Software to your portfolios can decrease your overall portfolio volatility.