Volcon Inc Stock Market Value
| VLCN Stock | USD 4.38 0.86 16.41% |
| Symbol | Volcon |
Volcon Inc Price To Book Ratio
Is Automotive Parts & Equipment 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 Volcon. If investors know Volcon 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 Volcon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (66.45) | Revenue Per Share 26.061 | Quarterly Revenue Growth 1.207 | Return On Assets (1.52) | Return On Equity (5.59) |
The market value of Volcon Inc is measured differently than its book value, which is the value of Volcon that is recorded on the company's balance sheet. Investors also form their own opinion of Volcon's value that differs from its market value or its book value, called intrinsic value, which is Volcon'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 Volcon's market value can be influenced by many factors that don't directly affect Volcon'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 Volcon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volcon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volcon'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.
Volcon '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 Volcon'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 Volcon.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Volcon on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Volcon Inc or generate 0.0% return on investment in Volcon over 720 days. Volcon is related to or competes with AYRO, Workhorse, Canoo, GreenPower, Cenntro Electric, Mullen Automotive, and Hyzon Motors. Volcon, Inc. develops, manufactures, and sells electric off road powersport vehicles in the United States and Latin Amer... More
Volcon 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 Volcon'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 Volcon Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 40.13 | |||
| Value At Risk | (15.02) | |||
| Potential Upside | 10.43 |
Volcon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volcon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volcon's standard deviation. In reality, there are many statistical measures that can use Volcon historical prices to predict the future Volcon's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.52) | |||
| Total Risk Alpha | (2.51) | |||
| Treynor Ratio | (1.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Volcon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Volcon Inc Backtested Returns
Volcon Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Volcon Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Volcon's Coefficient Of Variation of (510.82), risk adjusted performance of (0.14), and Variance of 52.25 to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Volcon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Volcon is expected to be smaller as well. At this point, Volcon Inc has a negative expected return of -1.26%. Please make sure to validate Volcon's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Volcon Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Volcon Inc has modest predictability. Overlapping area represents the amount of predictability between Volcon time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Volcon Inc price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Volcon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 2 M |
Volcon Inc lagged returns against current returns
Autocorrelation, which is Volcon 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 Volcon's stock expected returns. We can calculate the autocorrelation of Volcon returns to help us make a trade decision. For example, suppose you find that Volcon 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 |
Volcon 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 Volcon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volcon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Volcon stock over time.
Current vs Lagged Prices |
| Timeline |
Volcon Lagged Returns
When evaluating Volcon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volcon stock have on its future price. Volcon 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, Volcon autocorrelation shows the relationship between Volcon stock current value and its past values and can show if there is a momentum factor associated with investing in Volcon Inc.
Regressed Prices |
| Timeline |
Pair Trading with Volcon
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 Volcon 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 Volcon will appreciate offsetting losses from the drop in the long position's value.Moving together with Volcon Stock
Moving against Volcon Stock
| 0.73 | ZK | ZEEKR Intelligent | PairCorr |
| 0.67 | DORM | Dorman Products | PairCorr |
| 0.6 | MOD | Modine Manufacturing | PairCorr |
| 0.56 | MGA | Magna International | PairCorr |
| 0.54 | LI | Li Auto Buyout Trend | PairCorr |
The ability to find closely correlated positions to Volcon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Volcon 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 Volcon - 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 Volcon Inc to buy it.
The correlation of Volcon 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 Volcon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcon Inc 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 Volcon 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.Check out Volcon Correlation, Volcon Volatility and Volcon Alpha and Beta module to complement your research on Volcon. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Volcon 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.