Virco Manufacturing Stock Market Value
| VIRC Stock | USD 16.36 0.02 0.12% |
| Symbol | Virco |
Virco Manufacturing Price To Book Ratio
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Virco Manufacturing. If investors know Virco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Virco Manufacturing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.093 | Dividend Share 0.06 | Earnings Share 1.63 | Revenue Per Share 17.273 | Quarterly Revenue Growth 0.01 |
The market value of Virco Manufacturing is measured differently than its book value, which is the value of Virco that is recorded on the company's balance sheet. Investors also form their own opinion of Virco Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Virco Manufacturing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virco Manufacturing's market value can be influenced by many factors that don't directly affect Virco Manufacturing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virco Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virco Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virco Manufacturing'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.
Virco Manufacturing '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 Virco Manufacturing'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 Virco Manufacturing.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Virco Manufacturing on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Virco Manufacturing or generate 0.0% return on investment in Virco Manufacturing over 30 days. Virco Manufacturing is related to or competes with Bassett Furniture, Hooker Furniture, Natuzzi SpA, Flexsteel Industries, Hamilton Beach, La Z, and MasterBrand. Corporation engages in the design, production, and distribution of furniture in the United States More
Virco Manufacturing 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 Virco Manufacturing'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 Virco Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 4.74 |
Virco Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virco Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virco Manufacturing's standard deviation. In reality, there are many statistical measures that can use Virco Manufacturing historical prices to predict the future Virco Manufacturing's volatility.| Risk Adjusted Performance | 0.0196 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0215 |
Virco Manufacturing Backtested Returns
At this point, Virco Manufacturing is somewhat reliable. Virco Manufacturing owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0415, which indicates the firm had a 0.0415% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Virco Manufacturing, which you can use to evaluate the volatility of the company. Please validate Virco Manufacturing's Risk Adjusted Performance of 0.0196, coefficient of variation of 6529.61, and Semi Deviation of 3.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Virco Manufacturing has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 2.05, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Virco Manufacturing will likely underperform. Virco Manufacturing right now has a risk of 3.49%. Please validate Virco Manufacturing skewness, and the relationship between the potential upside and rate of daily change , to decide if Virco Manufacturing will be following its existing price patterns.
Auto-correlation | 0.83 |
Very good predictability
Virco Manufacturing has very good predictability. Overlapping area represents the amount of predictability between Virco Manufacturing time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Virco Manufacturing price movement. The serial correlation of 0.83 indicates that around 83.0% of current Virco Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Virco Manufacturing lagged returns against current returns
Autocorrelation, which is Virco Manufacturing 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 Virco Manufacturing's stock expected returns. We can calculate the autocorrelation of Virco Manufacturing returns to help us make a trade decision. For example, suppose you find that Virco Manufacturing 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 |
Virco Manufacturing 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 Virco Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virco Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virco Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Virco Manufacturing Lagged Returns
When evaluating Virco Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virco Manufacturing stock have on its future price. Virco Manufacturing 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, Virco Manufacturing autocorrelation shows the relationship between Virco Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Virco Manufacturing.
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.When determining whether Virco Manufacturing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Virco Manufacturing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Virco Manufacturing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Virco Manufacturing Stock:Check out Virco Manufacturing Correlation, Virco Manufacturing Volatility and Virco Manufacturing Alpha and Beta module to complement your research on Virco Manufacturing. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Virco Manufacturing technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.