Viscofan (Spain) Market Value
| VIS Stock | EUR 61.40 0.90 1.49% |
| Symbol | Viscofan |
Viscofan '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 Viscofan'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 Viscofan.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Viscofan on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Viscofan or generate 0.0% return on investment in Viscofan over 30 days. Viscofan is related to or competes with Enags SA, Mapfre, Cia De, and ACS Actividades. Viscofan, S.A., together with its subsidiaries, manufactures and distributes artificial casings primarily for use in the... More
Viscofan 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 Viscofan'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 Viscofan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0802 | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.68 |
Viscofan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viscofan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viscofan's standard deviation. In reality, there are many statistical measures that can use Viscofan historical prices to predict the future Viscofan's volatility.| Risk Adjusted Performance | 0.0874 | |||
| Jensen Alpha | 0.2243 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1147 | |||
| Treynor Ratio | (4.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viscofan'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.
Viscofan Backtested Returns
Viscofan appears to be very steady, given 3 months investment horizon. Viscofan 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-eight technical indicators for Viscofan, which you can use to evaluate the volatility of the company. Please review Viscofan's Semi Deviation of 0.994, risk adjusted performance of 0.0874, and Coefficient Of Variation of 771.11 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viscofan holds a performance score of 9. The entity has a beta of -0.0534, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Viscofan are expected to decrease at a much lower rate. During the bear market, Viscofan is likely to outperform the market. Please check Viscofan's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Viscofan's existing price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Viscofan has poor predictability. Overlapping area represents the amount of predictability between Viscofan time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 Viscofan price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Viscofan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Viscofan lagged returns against current returns
Autocorrelation, which is Viscofan 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 Viscofan's stock expected returns. We can calculate the autocorrelation of Viscofan returns to help us make a trade decision. For example, suppose you find that Viscofan 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 |
Viscofan 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 Viscofan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viscofan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viscofan stock over time.
Current vs Lagged Prices |
| Timeline |
Viscofan Lagged Returns
When evaluating Viscofan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viscofan stock have on its future price. Viscofan 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, Viscofan autocorrelation shows the relationship between Viscofan stock current value and its past values and can show if there is a momentum factor associated with investing in Viscofan.
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.Check out Viscofan Correlation, Viscofan Volatility and Viscofan Alpha and Beta module to complement your research on Viscofan. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Viscofan Stock analysis
When running Viscofan's price analysis, check to measure Viscofan'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 Viscofan is operating at the current time. Most of Viscofan's value examination focuses on studying past and present price action to predict the probability of Viscofan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viscofan's price. Additionally, you may evaluate how the addition of Viscofan to your portfolios can decrease your overall portfolio volatility.
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Viscofan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.