Varex Imaging Corp Stock Market Value
| VREX Stock | USD 11.92 0.12 1.02% |
| Symbol | Varex |
Varex Imaging Corp Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Varex Imaging. If investors know Varex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Varex Imaging listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.86) | Earnings Share 0.74 | Revenue Per Share 20.472 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0231 |
The market value of Varex Imaging Corp is measured differently than its book value, which is the value of Varex that is recorded on the company's balance sheet. Investors also form their own opinion of Varex Imaging's value that differs from its market value or its book value, called intrinsic value, which is Varex Imaging's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Varex Imaging's market value can be influenced by many factors that don't directly affect Varex Imaging's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Varex Imaging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Varex Imaging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varex Imaging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Varex Imaging '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 Varex Imaging'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 Varex Imaging.
| 10/08/2022 |
| 09/27/2024 |
If you would invest 0.00 in Varex Imaging on October 8, 2022 and sell it all today you would earn a total of 0.00 from holding Varex Imaging Corp or generate 0.0% return on investment in Varex Imaging over 720 days. Varex Imaging is related to or competes with Sight Sciences, Apyx Medical, Si Bone, Iradimed, Orthofix Medical, Glaukos Corp, and Bruker. Varex Imaging Corporation designs and manufactures X-ray imaging components More
Varex Imaging 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 Varex Imaging'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 Varex Imaging Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.88 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 7.61 |
Varex Imaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Varex Imaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Varex Imaging's standard deviation. In reality, there are many statistical measures that can use Varex Imaging historical prices to predict the future Varex Imaging's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Varex Imaging'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.
Varex Imaging Corp Backtested Returns
Varex Imaging Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0578, which indicates the firm had a -0.0578% return per unit of risk over the last 3 months. Varex Imaging Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Varex Imaging's Variance of 14.94, coefficient of variation of (1,673), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 1.5, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Varex Imaging will likely underperform. At this point, Varex Imaging Corp has a negative expected return of -0.23%. Please make sure to validate Varex Imaging's maximum drawdown and rate of daily change , to decide if Varex Imaging Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Varex Imaging Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Varex Imaging time series from 8th of October 2022 to 3rd of October 2023 and 3rd of October 2023 to 27th of September 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 Varex Imaging Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Varex Imaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 7.48 |
Varex Imaging Corp lagged returns against current returns
Autocorrelation, which is Varex Imaging 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 Varex Imaging's stock expected returns. We can calculate the autocorrelation of Varex Imaging returns to help us make a trade decision. For example, suppose you find that Varex Imaging 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 |
Varex Imaging 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 Varex Imaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Varex Imaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Varex Imaging stock over time.
Current vs Lagged Prices |
| Timeline |
Varex Imaging Lagged Returns
When evaluating Varex Imaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Varex Imaging stock have on its future price. Varex Imaging 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, Varex Imaging autocorrelation shows the relationship between Varex Imaging stock current value and its past values and can show if there is a momentum factor associated with investing in Varex Imaging Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Varex Stock Analysis
When running Varex Imaging's price analysis, check to measure Varex Imaging'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 Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.