Veolia Environnement (Germany) Market Value
| VVD Stock | EUR 27.60 0.71 2.64% |
| Symbol | Veolia |
Veolia Environnement '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 Veolia Environnement'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 Veolia Environnement.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Veolia Environnement on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Veolia Environnement SA or generate 0.0% return on investment in Veolia Environnement over 720 days. Veolia Environnement is related to or competes with Xinhua Winshare, Heartland Financial, Regions Financial, DEVRY EDUCATION, Tradegate, Mizuho Financial, and CAREER EDUCATION. Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide More
Veolia Environnement 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 Veolia Environnement'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 Veolia Environnement SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.09 |
Veolia Environnement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veolia Environnement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veolia Environnement's standard deviation. In reality, there are many statistical measures that can use Veolia Environnement historical prices to predict the future Veolia Environnement's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.979 |
Veolia Environnement Backtested Returns
Veolia Environnement owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0868, which indicates the firm had a -0.0868% return per unit of risk over the last 3 months. Veolia Environnement SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veolia Environnement's Variance of 1.64, risk adjusted performance of (0.07), and Coefficient Of Variation of (1,092) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veolia Environnement are expected to decrease at a much lower rate. During the bear market, Veolia Environnement is likely to outperform the market. At this point, Veolia Environnement has a negative expected return of -0.11%. Please make sure to validate Veolia Environnement's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Veolia Environnement performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Veolia Environnement SA has average predictability. Overlapping area represents the amount of predictability between Veolia Environnement time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Veolia Environnement price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Veolia Environnement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Veolia Environnement lagged returns against current returns
Autocorrelation, which is Veolia Environnement 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 Veolia Environnement's stock expected returns. We can calculate the autocorrelation of Veolia Environnement returns to help us make a trade decision. For example, suppose you find that Veolia Environnement 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 |
Veolia Environnement 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 Veolia Environnement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veolia Environnement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veolia Environnement stock over time.
Current vs Lagged Prices |
| Timeline |
Veolia Environnement Lagged Returns
When evaluating Veolia Environnement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veolia Environnement stock have on its future price. Veolia Environnement 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, Veolia Environnement autocorrelation shows the relationship between Veolia Environnement stock current value and its past values and can show if there is a momentum factor associated with investing in Veolia Environnement SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Veolia Stock
Veolia Environnement financial ratios help investors to determine whether Veolia 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 Veolia with respect to the benefits of owning Veolia Environnement security.