Veeva Systems' market value is the price at which a share of Veeva Systems trades on a public exchange. It measures the collective expectations of Veeva Systems investors about its performance. Veeva Systems is trading at 206.30 as of the 10th of January 2025. This is a 2.09 percent decrease since the beginning of the trading day. The stock's lowest day price was 206.3. With this module, you can estimate the performance of a buy and hold strategy of Veeva Systems and determine expected loss or profit from investing in Veeva Systems over a given investment horizon. Check out Veeva Systems Correlation, Veeva Systems Volatility and Veeva Systems Alpha and Beta module to complement your research on Veeva Systems.
Please note, there is a significant difference between Veeva Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeva Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeva Systems' 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.
Veeva Systems '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 Veeva Systems' 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 Veeva Systems.
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10/12/2024
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In 3 months and 1 day
01/10/2025
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If you would invest 0.00 in Veeva Systems on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Veeva Systems or generate 0.0% return on investment in Veeva Systems over 90 days. Veeva Systems is related to or competes with UNITED UTILITIES, Sumitomo Mitsui, Daito Trust, Australian Agricultural, URBAN OUTFITTERS, Granite Construction, and Titan Machinery. Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacif... More
Veeva Systems 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 Veeva Systems' 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 Veeva Systems upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veeva Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veeva Systems' standard deviation. In reality, there are many statistical measures that can use Veeva Systems historical prices to predict the future Veeva Systems' volatility.
At this point, Veeva Systems is very steady. Veeva Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0598, which indicates the firm had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Veeva Systems, which you can use to evaluate the volatility of the company. Please validate Veeva Systems' Semi Deviation of 2.0, coefficient of variation of 1306.08, and Risk Adjusted Performance of 0.0677 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Veeva Systems has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veeva Systems are expected to decrease at a much lower rate. During the bear market, Veeva Systems is likely to outperform the market. Veeva Systems right now has a risk of 2.49%. Please validate Veeva Systems coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Veeva Systems will be following its existing price patterns.
Auto-correlation
-0.46
Modest reverse predictability
Veeva Systems has modest reverse predictability. Overlapping area represents the amount of predictability between Veeva Systems time series from 12th of October 2024 to 26th of November 2024 and 26th of November 2024 to 10th of January 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 Veeva Systems price movement. The serial correlation of -0.46 indicates that about 46.0% of current Veeva Systems price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.46
Spearman Rank Test
-0.4
Residual Average
0.0
Price Variance
87.82
Veeva Systems lagged returns against current returns
Autocorrelation, which is Veeva Systems 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 Veeva Systems' stock expected returns. We can calculate the autocorrelation of Veeva Systems returns to help us make a trade decision. For example, suppose you find that Veeva Systems 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
Veeva Systems 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 Veeva Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veeva Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veeva Systems stock over time.
Current vs Lagged Prices
Timeline
Veeva Systems Lagged Returns
When evaluating Veeva Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veeva Systems stock have on its future price. Veeva Systems 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, Veeva Systems autocorrelation shows the relationship between Veeva Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Veeva Systems.
Veeva Systems financial ratios help investors to determine whether Veeva 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 Veeva with respect to the benefits of owning Veeva Systems security.