ViroGates (Denmark) Market Value
| VIRO Stock | 8.55 0.15 1.79% |
| Symbol | ViroGates |
ViroGates '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 ViroGates' 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 ViroGates.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in ViroGates on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ViroGates AS or generate 0.0% return on investment in ViroGates over 90 days. ViroGates is related to or competes with CBrain AS, BioPorto, and ChemoMetec. More
ViroGates 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 ViroGates' 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 ViroGates AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 35.19 | |||
| Value At Risk | (8.87) | |||
| Potential Upside | 10.0 |
ViroGates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ViroGates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ViroGates' standard deviation. In reality, there are many statistical measures that can use ViroGates historical prices to predict the future ViroGates' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | 0.1178 | |||
| Treynor Ratio | 3.69 |
ViroGates AS Backtested Returns
ViroGates AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0825, which indicates the firm had a -0.0825 % return per unit of risk over the last 3 months. ViroGates AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ViroGates' Variance of 40.23, coefficient of variation of (951.46), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ViroGates are expected to decrease at a much lower rate. During the bear market, ViroGates is likely to outperform the market. At this point, ViroGates AS has a negative expected return of -0.51%. Please make sure to validate ViroGates' potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if ViroGates AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
ViroGates AS has weak reverse predictability. Overlapping area represents the amount of predictability between ViroGates time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 ViroGates AS price movement. The serial correlation of -0.25 indicates that over 25.0% of current ViroGates price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
ViroGates AS lagged returns against current returns
Autocorrelation, which is ViroGates 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 ViroGates' stock expected returns. We can calculate the autocorrelation of ViroGates returns to help us make a trade decision. For example, suppose you find that ViroGates 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 |
ViroGates 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 ViroGates stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ViroGates stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ViroGates stock over time.
Current vs Lagged Prices |
| Timeline |
ViroGates Lagged Returns
When evaluating ViroGates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ViroGates stock have on its future price. ViroGates 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, ViroGates autocorrelation shows the relationship between ViroGates stock current value and its past values and can show if there is a momentum factor associated with investing in ViroGates AS.
Regressed Prices |
| Timeline |
Pair Trading with ViroGates
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ViroGates position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ViroGates will appreciate offsetting losses from the drop in the long position's value.Moving against ViroGates Stock
The ability to find closely correlated positions to ViroGates could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ViroGates when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ViroGates - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ViroGates AS to buy it.
The correlation of ViroGates is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ViroGates moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ViroGates AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ViroGates can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in ViroGates Stock
ViroGates financial ratios help investors to determine whether ViroGates 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 ViroGates with respect to the benefits of owning ViroGates security.