Velan Inc Stock Market Value
| VLN Stock | CAD 11.00 0.10 0.90% |
| Symbol | Velan |
Velan Inc Price To Book Ratio
Velan '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 Velan'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 Velan.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Velan on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Velan Inc or generate 0.0% return on investment in Velan over 90 days. Velan is related to or competes with TVA, and Baylin Technologies. Velan Inc. designs, manufactures, and markets industrial valves worldwide More
Velan 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 Velan'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 Velan Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.2099 | |||
| Maximum Drawdown | 20.49 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 8.14 |
Velan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Velan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Velan's standard deviation. In reality, there are many statistical measures that can use Velan historical prices to predict the future Velan's volatility.| Risk Adjusted Performance | 0.1969 | |||
| Jensen Alpha | 0.9087 | |||
| Total Risk Alpha | 0.2864 | |||
| Sortino Ratio | 0.2744 | |||
| Treynor Ratio | (20.57) |
Velan Inc Backtested Returns
Velan appears to be slightly risky, given 3 months investment horizon. Velan Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Velan's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please review Velan's Risk Adjusted Performance of 0.1969, coefficient of variation of 404.6, and Semi Deviation of 2.03 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Velan holds a performance score of 19. The entity has a beta of -0.0439, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Velan are expected to decrease at a much lower rate. During the bear market, Velan is likely to outperform the market. Please check Velan's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Velan's existing price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Velan Inc has virtually no predictability. Overlapping area represents the amount of predictability between Velan time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Velan Inc price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Velan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Velan Inc lagged returns against current returns
Autocorrelation, which is Velan 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 Velan's stock expected returns. We can calculate the autocorrelation of Velan returns to help us make a trade decision. For example, suppose you find that Velan 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 |
Velan 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 Velan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Velan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Velan stock over time.
Current vs Lagged Prices |
| Timeline |
Velan Lagged Returns
When evaluating Velan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Velan stock have on its future price. Velan 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, Velan autocorrelation shows the relationship between Velan stock current value and its past values and can show if there is a momentum factor associated with investing in Velan Inc.
Regressed Prices |
| Timeline |
Other Information on Investing in Velan Stock
Velan financial ratios help investors to determine whether Velan 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 Velan with respect to the benefits of owning Velan security.