Viva Leisure (Australia) Market Value
| VVA Stock | 1.41 0.03 2.17% |
| Symbol | Viva |
Viva Leisure '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 Viva Leisure'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 Viva Leisure.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Viva Leisure on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Viva Leisure or generate 0.0% return on investment in Viva Leisure over 360 days. Viva Leisure is related to or competes with Aneka Tambang, BHP Group, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Rio Tinto. Viva Leisure is entity of Australia. It is traded as Stock on AU exchange. More
Viva Leisure 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 Viva Leisure'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 Viva Leisure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.41 |
Viva Leisure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viva Leisure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viva Leisure's standard deviation. In reality, there are many statistical measures that can use Viva Leisure historical prices to predict the future Viva Leisure's volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | 0.0307 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0019 |
Viva Leisure Backtested Returns
Currently, Viva Leisure is very risky. Viva Leisure owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0081, which indicates the firm had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Viva Leisure, which you can use to evaluate the volatility of the company. Please validate Viva Leisure's Risk Adjusted Performance of 0.0098, coefficient of variation of 26464.54, and Semi Deviation of 2.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viva Leisure are expected to decrease at a much lower rate. During the bear market, Viva Leisure is likely to outperform the market. Viva Leisure right now has a risk of 2.55%. Please validate Viva Leisure potential upside, semi variance, and the relationship between the value at risk and downside variance , to decide if Viva Leisure will be following its existing price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Viva Leisure has weak reverse predictability. Overlapping area represents the amount of predictability between Viva Leisure time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Viva Leisure price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Viva Leisure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Viva Leisure lagged returns against current returns
Autocorrelation, which is Viva Leisure 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 Viva Leisure's stock expected returns. We can calculate the autocorrelation of Viva Leisure returns to help us make a trade decision. For example, suppose you find that Viva Leisure 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 |
Viva Leisure 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 Viva Leisure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viva Leisure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viva Leisure stock over time.
Current vs Lagged Prices |
| Timeline |
Viva Leisure Lagged Returns
When evaluating Viva Leisure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viva Leisure stock have on its future price. Viva Leisure 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, Viva Leisure autocorrelation shows the relationship between Viva Leisure stock current value and its past values and can show if there is a momentum factor associated with investing in Viva Leisure.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Viva Stock Analysis
When running Viva Leisure's price analysis, check to measure Viva Leisure'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 Viva Leisure is operating at the current time. Most of Viva Leisure's value examination focuses on studying past and present price action to predict the probability of Viva Leisure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viva Leisure's price. Additionally, you may evaluate how the addition of Viva Leisure to your portfolios can decrease your overall portfolio volatility.