Veltex Stock Market Value
| VLXC Stock | USD 0.08 0.01 10.57% |
| Symbol | Veltex |
Veltex '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 Veltex's otc 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 Veltex.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Veltex on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Veltex or generate 0.0% return on investment in Veltex over 180 days. Veltex is related to or competes with Medical Facilities, Ramsay Health, and Nova Leap. Veltex Corporation focuses on the development and acquisition of companies that have modalities in the areas of health, ... More
Veltex 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 Veltex's otc 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 Veltex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 42.31 | |||
| Value At Risk | (10.50) | |||
| Potential Upside | 11.25 |
Veltex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veltex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veltex's standard deviation. In reality, there are many statistical measures that can use Veltex historical prices to predict the future Veltex's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (2.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veltex'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.
Veltex Backtested Returns
Veltex appears to be out of control, given 3 months investment horizon. Veltex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0579, which indicates the firm had a 0.0579% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Veltex, which you can use to evaluate the volatility of the company. Please review Veltex's Coefficient Of Variation of (2,304), variance of 57.16, and Risk Adjusted Performance of (0.03) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Veltex holds a performance score of 4. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Veltex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Veltex is expected to be smaller as well. Please check Veltex's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Veltex's existing price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Veltex has weak predictability. Overlapping area represents the amount of predictability between Veltex time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Veltex price movement. The serial correlation of 0.21 indicates that over 21.0% of current Veltex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Veltex lagged returns against current returns
Autocorrelation, which is Veltex otc 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 Veltex's otc stock expected returns. We can calculate the autocorrelation of Veltex returns to help us make a trade decision. For example, suppose you find that Veltex has exhibited high autocorrelation historically, and you observe that the otc 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 |
Veltex 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 Veltex otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veltex otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veltex otc stock over time.
Current vs Lagged Prices |
| Timeline |
Veltex Lagged Returns
When evaluating Veltex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veltex otc stock have on its future price. Veltex 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, Veltex autocorrelation shows the relationship between Veltex otc stock current value and its past values and can show if there is a momentum factor associated with investing in Veltex.
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.Other Information on Investing in Veltex OTC Stock
Veltex financial ratios help investors to determine whether Veltex OTC 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 Veltex with respect to the benefits of owning Veltex security.