VITEC SOFTWARE (Germany) Market Value
| 7VS Stock | EUR 50.25 0.57 1.15% |
| Symbol | VITEC |
Please note, there is a significant difference between VITEC SOFTWARE's value and its price as these two are different measures arrived at by different means. Investors typically determine if VITEC SOFTWARE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VITEC SOFTWARE'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.
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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in VITEC SOFTWARE on December 15, 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 AUTO TRADER, TRADELINK ELECTRON, Grand Canyon, TAL Education, CAREER EDUCATION, CANON MARKETING, and Laureate Education. 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 | 2.01 | |||
| Information Ratio | 0.1543 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.77 |
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 | 0.0977 | |||
| Jensen Alpha | 0.2587 | |||
| Total Risk Alpha | 0.4599 | |||
| Sortino Ratio | 0.1561 | |||
| Treynor Ratio | 0.4165 |
VITEC SOFTWARE GROUP Backtested Returns
VITEC SOFTWARE appears to be very steady, given 3 months investment horizon. VITEC SOFTWARE GROUP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for VITEC SOFTWARE GROUP, which you can use to evaluate the volatility of the company. Please review VITEC SOFTWARE's Semi Deviation of 1.86, coefficient of variation of 946.84, and Risk Adjusted Performance of 0.0977 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VITEC SOFTWARE holds a performance score of 9. The entity has a beta of 0.49, 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. Please check VITEC SOFTWARE's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether VITEC SOFTWARE's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
VITEC SOFTWARE GROUP has poor predictability. Overlapping area represents the amount of predictability between VITEC SOFTWARE time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 0.27 indicates that nearly 27.0% of current VITEC SOFTWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 4.94 |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in VITEC Stock
VITEC SOFTWARE financial ratios help investors to determine whether VITEC 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 VITEC with respect to the benefits of owning VITEC SOFTWARE security.