Vetoquinol (France) Market Value
| VETO Stock | EUR 77.80 0.40 0.51% |
| Symbol | Vetoquinol |
Vetoquinol '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 Vetoquinol'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 Vetoquinol.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Vetoquinol on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Vetoquinol or generate 0.0% return on investment in Vetoquinol over 720 days. Vetoquinol is related to or competes with Virbac SA, Thermador Groupe, Robertet, Trigano SA, and Neurones. Vetoquinol SA, a veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal prod... More
Vetoquinol 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 Vetoquinol'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 Vetoquinol upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 2.01 |
Vetoquinol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vetoquinol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vetoquinol's standard deviation. In reality, there are many statistical measures that can use Vetoquinol historical prices to predict the future Vetoquinol's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.28) |
Vetoquinol Backtested Returns
Vetoquinol owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Vetoquinol exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vetoquinol's Risk Adjusted Performance of (0.13), variance of 3.01, and Coefficient Of Variation of (576.19) to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vetoquinol's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vetoquinol is expected to be smaller as well. At this point, Vetoquinol has a negative expected return of -0.27%. Please make sure to validate Vetoquinol's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Vetoquinol performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Vetoquinol has very weak predictability. Overlapping area represents the amount of predictability between Vetoquinol time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Vetoquinol price movement. The serial correlation of 0.16 indicates that over 16.0% of current Vetoquinol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 58.06 |
Vetoquinol lagged returns against current returns
Autocorrelation, which is Vetoquinol 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 Vetoquinol's stock expected returns. We can calculate the autocorrelation of Vetoquinol returns to help us make a trade decision. For example, suppose you find that Vetoquinol 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 |
Vetoquinol 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 Vetoquinol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vetoquinol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vetoquinol stock over time.
Current vs Lagged Prices |
| Timeline |
Vetoquinol Lagged Returns
When evaluating Vetoquinol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vetoquinol stock have on its future price. Vetoquinol 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, Vetoquinol autocorrelation shows the relationship between Vetoquinol stock current value and its past values and can show if there is a momentum factor associated with investing in Vetoquinol.
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 Vetoquinol Stock
Vetoquinol financial ratios help investors to determine whether Vetoquinol 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 Vetoquinol with respect to the benefits of owning Vetoquinol security.