Varta AG (Germany) Market Value
| VAR1 Stock | 1.62 0.06 3.85% |
| Symbol | Varta |
Varta AG '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 Varta AG'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 Varta AG.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Varta AG on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Varta AG or generate 0.0% return on investment in Varta AG over 720 days. Varta AG is related to or competes with METTLER TOLEDO, METTLER TOLEDO, Mitie Group, Impinj, Impinj, Carmat SA, and Air Canada. More
Varta AG 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 Varta AG'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 Varta AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.47 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 121.84 | |||
| Value At Risk | (10.61) | |||
| Potential Upside | 18.84 |
Varta AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Varta AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Varta AG's standard deviation. In reality, there are many statistical measures that can use Varta AG historical prices to predict the future Varta AG's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.8718 | |||
| Total Risk Alpha | 0.499 | |||
| Sortino Ratio | 0.1026 | |||
| Treynor Ratio | 1.01 |
Varta AG Backtested Returns
Varta AG appears to be abnormally volatile, given 3 months investment horizon. Varta AG owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0636, which indicates the firm had a 0.0636% return per unit of risk over the last 3 months. By inspecting Varta AG's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review Varta AG's Semi Deviation of 7.6, coefficient of variation of 1554.62, and Risk Adjusted Performance of 0.0604 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Varta AG holds a performance score of 5. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Varta AG returns are very sensitive to returns on the market. As the market goes up or down, Varta AG is expected to follow. Please check Varta AG's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Varta AG's existing price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Varta AG has good predictability. Overlapping area represents the amount of predictability between Varta AG time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st of December 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 Varta AG price movement. The serial correlation of 0.66 indicates that around 66.0% of current Varta AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 37.06 |
Varta AG lagged returns against current returns
Autocorrelation, which is Varta AG 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 Varta AG's stock expected returns. We can calculate the autocorrelation of Varta AG returns to help us make a trade decision. For example, suppose you find that Varta AG 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 |
Varta AG 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 Varta AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Varta AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Varta AG stock over time.
Current vs Lagged Prices |
| Timeline |
Varta AG Lagged Returns
When evaluating Varta AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Varta AG stock have on its future price. Varta AG 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, Varta AG autocorrelation shows the relationship between Varta AG stock current value and its past values and can show if there is a momentum factor associated with investing in Varta AG.
Regressed Prices |
| Timeline |
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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 Varta Stock
Varta AG financial ratios help investors to determine whether Varta 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 Varta with respect to the benefits of owning Varta AG security.