Vitec Software (Sweden) Market Value
| VIT-B Stock | SEK 618.50 5.50 0.90% |
| Symbol | Vitec |
Vitec Software '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 Vitec Software'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 Vitec Software.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Vitec Software on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Vitec Software Group or generate 0.0% return on investment in Vitec Software over 30 days. Vitec Software is related to or competes with Lifco AB, Lagercrantz Group, Addtech AB, Instalco Intressenter, and AddLife AB. Vitec Software Group AB , a software company, provides vertical market software in the Nordic and Baltic countries, the ... More
Vitec Software 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 Vitec Software'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 Vitec Software Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.2622 | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.63 |
Vitec Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vitec Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vitec Software's standard deviation. In reality, there are many statistical measures that can use Vitec Software historical prices to predict the future Vitec Software's volatility.| Risk Adjusted Performance | 0.2002 | |||
| Jensen Alpha | 0.4527 | |||
| Total Risk Alpha | 0.4632 | |||
| Sortino Ratio | 0.2713 | |||
| Treynor Ratio | 0.6136 |
Vitec Software Group Backtested Returns
Vitec Software appears to be very steady, given 3 months investment horizon. Vitec Software Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Vitec Software Group, which you can use to evaluate the volatility of the company. Please review Vitec Software's Coefficient Of Variation of 378.44, risk adjusted performance of 0.2002, and Semi Deviation of 1.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vitec Software holds a performance score of 19. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vitec Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vitec Software is expected to be smaller as well. Please check Vitec Software's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Vitec Software's existing price patterns will revert.
Auto-correlation | -0.9 |
Excellent reverse predictability
Vitec Software Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Vitec Software time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Vitec Software Group price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Vitec Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 72.97 |
Vitec Software Group lagged returns against current returns
Autocorrelation, which is Vitec Software 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 Vitec Software's stock expected returns. We can calculate the autocorrelation of Vitec Software returns to help us make a trade decision. For example, suppose you find that Vitec Software 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 |
Vitec Software 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 Vitec Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vitec Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vitec Software stock over time.
Current vs Lagged Prices |
| Timeline |
Vitec Software Lagged Returns
When evaluating Vitec Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vitec Software stock have on its future price. Vitec Software 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, Vitec Software autocorrelation shows the relationship between Vitec Software stock current value and its past values and can show if there is a momentum factor associated with investing in Vitec Software Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Vitec Stock Analysis
When running Vitec Software's price analysis, check to measure Vitec Software's 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 Vitec Software is operating at the current time. Most of Vitec Software's value examination focuses on studying past and present price action to predict the probability of Vitec Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitec Software's price. Additionally, you may evaluate how the addition of Vitec Software to your portfolios can decrease your overall portfolio volatility.