Vitreous Glass Stock Market Value
| VCI Stock | CAD 5.75 0.51 9.73% |
| Symbol | Vitreous |
Vitreous Glass '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 Vitreous Glass' 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 Vitreous Glass.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Vitreous Glass on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Vitreous Glass or generate 0.0% return on investment in Vitreous Glass over 720 days. Vitreous Glass is related to or competes with Atlas Engineered, Avante Logixx, Caldwell Partners, Alvopetro Energy, and Biosyent. Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Alberta, Canada More
Vitreous Glass 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 Vitreous Glass' 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 Vitreous Glass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.63 |
Vitreous Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitreous Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitreous Glass' standard deviation. In reality, there are many statistical measures that can use Vitreous Glass historical prices to predict the future Vitreous Glass' volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.1755 | |||
| Total Risk Alpha | 0.2252 | |||
| Sortino Ratio | 0.1002 | |||
| Treynor Ratio | 0.2773 |
Vitreous Glass Backtested Returns
At this stage we consider Vitreous Stock to be somewhat reliable. Vitreous Glass owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0851, which indicates the firm had a 0.0851 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Vitreous Glass, which you can use to evaluate the volatility of the company. Please validate Vitreous Glass' Risk Adjusted Performance of 0.069, coefficient of variation of 1175.12, and Semi Deviation of 1.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Vitreous Glass has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vitreous Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitreous Glass is expected to be smaller as well. Vitreous Glass right now has a risk of 2.02%. Please validate Vitreous Glass skewness, and the relationship between the potential upside and rate of daily change , to decide if Vitreous Glass will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Vitreous Glass has virtually no predictability. Overlapping area represents the amount of predictability between Vitreous Glass time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Vitreous Glass price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Vitreous Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vitreous Glass lagged returns against current returns
Autocorrelation, which is Vitreous Glass 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 Vitreous Glass' stock expected returns. We can calculate the autocorrelation of Vitreous Glass returns to help us make a trade decision. For example, suppose you find that Vitreous Glass 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 |
Vitreous Glass 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 Vitreous Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitreous Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitreous Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Vitreous Glass Lagged Returns
When evaluating Vitreous Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitreous Glass stock have on its future price. Vitreous Glass 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, Vitreous Glass autocorrelation shows the relationship between Vitreous Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Vitreous Glass.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Vitreous Stock Analysis
When running Vitreous Glass' price analysis, check to measure Vitreous Glass' 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 Vitreous Glass is operating at the current time. Most of Vitreous Glass' value examination focuses on studying past and present price action to predict the probability of Vitreous Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitreous Glass' price. Additionally, you may evaluate how the addition of Vitreous Glass to your portfolios can decrease your overall portfolio volatility.