VARNO 75 15 JAN 28 Market Value
| 92212WAD2 | 106.84 1.04 0.98% |
| Symbol | VARNO |
Please note, there is a significant difference between VARNO's value and its price as these two are different measures arrived at by different means. Investors typically determine if VARNO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VARNO'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.
VARNO '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 VARNO's bond 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 VARNO.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in VARNO on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding VARNO 75 15 JAN 28 or generate 0.0% return on investment in VARNO over 90 days. VARNO is related to or competes with Lend Lease, Exchange Bank, Juniata Valley, Custom Truck, Western Union, Discover Financial, and Willis Lease. More
VARNO 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 VARNO's bond 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 VARNO 75 15 JAN 28 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.172 | |||
| Information Ratio | 0.5347 | |||
| Maximum Drawdown | 0.6916 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.4653 |
VARNO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VARNO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VARNO's standard deviation. In reality, there are many statistical measures that can use VARNO historical prices to predict the future VARNO's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.0321 | |||
| Total Risk Alpha | 0.0477 | |||
| Sortino Ratio | 0.7385 | |||
| Treynor Ratio | 0.1389 |
VARNO 75 15 Backtested Returns
At this point, VARNO is very steady. VARNO 75 15 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the bond had a 0.12 % return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for VARNO 75 15 JAN 28, which you can use to evaluate the volatility of the entity. Please validate VARNO's Risk Adjusted Performance of 0.0758, market risk adjusted performance of 0.1489, and Coefficient Of Variation of 849.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.028%. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VARNO's returns are expected to increase less than the market. However, during the bear market, the loss of holding VARNO is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
VARNO 75 15 JAN 28 has average predictability. Overlapping area represents the amount of predictability between VARNO time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 VARNO 75 15 price movement. The serial correlation of 0.41 indicates that just about 41.0% of current VARNO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
VARNO 75 15 lagged returns against current returns
Autocorrelation, which is VARNO bond'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 VARNO's bond expected returns. We can calculate the autocorrelation of VARNO returns to help us make a trade decision. For example, suppose you find that VARNO has exhibited high autocorrelation historically, and you observe that the bond 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 |
VARNO 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 VARNO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VARNO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VARNO bond over time.
Current vs Lagged Prices |
| Timeline |
VARNO Lagged Returns
When evaluating VARNO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VARNO bond have on its future price. VARNO 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, VARNO autocorrelation shows the relationship between VARNO bond current value and its past values and can show if there is a momentum factor associated with investing in VARNO 75 15 JAN 28.
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.Other Information on Investing in VARNO Bond
VARNO financial ratios help investors to determine whether VARNO Bond 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 VARNO with respect to the benefits of owning VARNO security.