Votum SA (Poland) Market Value
| VOT Stock | 35.95 0.95 2.71% |
| Symbol | Votum |
Votum SA '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 Votum SA'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 Votum SA.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Votum SA on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Votum SA or generate 0.0% return on investment in Votum SA over 90 days.
Votum SA 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 Votum SA'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 Votum SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.1133 | |||
| Maximum Drawdown | 16.65 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 3.63 |
Votum SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Votum SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Votum SA's standard deviation. In reality, there are many statistical measures that can use Votum SA historical prices to predict the future Votum SA's volatility.| Risk Adjusted Performance | 0.0701 | |||
| Jensen Alpha | 0.2409 | |||
| Total Risk Alpha | 0.4786 | |||
| Sortino Ratio | 0.1302 | |||
| Treynor Ratio | 0.2619 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Votum SA'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.
Votum SA Backtested Returns
Votum SA appears to be very steady, given 3 months investment horizon. Votum SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Votum SA, which you can use to evaluate the volatility of the company. Please review Votum SA's Risk Adjusted Performance of 0.0701, coefficient of variation of 1368.18, and Semi Deviation of 1.89 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Votum SA holds a performance score of 9. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Votum SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Votum SA is expected to be smaller as well. Please check Votum SA's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Votum SA's existing price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Votum SA has poor reverse predictability. Overlapping area represents the amount of predictability between Votum SA 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 Votum SA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Votum SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 |
Votum SA lagged returns against current returns
Autocorrelation, which is Votum SA 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 Votum SA's stock expected returns. We can calculate the autocorrelation of Votum SA returns to help us make a trade decision. For example, suppose you find that Votum SA 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 |
Votum SA 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 Votum SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Votum SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Votum SA stock over time.
Current vs Lagged Prices |
| Timeline |
Votum SA Lagged Returns
When evaluating Votum SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Votum SA stock have on its future price. Votum SA 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, Votum SA autocorrelation shows the relationship between Votum SA stock current value and its past values and can show if there is a momentum factor associated with investing in Votum SA.
Regressed Prices |
| Timeline |
Pair Trading with Votum SA
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 Votum SA 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 Votum SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Votum Stock
The ability to find closely correlated positions to Votum SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Votum SA 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 Votum SA - 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 Votum SA to buy it.
The correlation of Votum SA 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 Votum SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Votum SA 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 Votum SA 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.Additional Tools for Votum Stock Analysis
When running Votum SA's price analysis, check to measure Votum SA'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 Votum SA is operating at the current time. Most of Votum SA's value examination focuses on studying past and present price action to predict the probability of Votum SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Votum SA's price. Additionally, you may evaluate how the addition of Votum SA to your portfolios can decrease your overall portfolio volatility.