Varex Imaging Corp Stock Performance
| VREX Stock | USD 13.70 0.04 0.29% |
Varex Imaging has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.35, 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. Varex Imaging Corp right now has a risk of 3.42%. Please validate Varex Imaging sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Varex Imaging will be following its existing price patterns.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Varex Imaging Corp are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating technical and fundamental indicators, Varex Imaging may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Actual Historical Performance (%)
One Day Return (1.87) | Five Day Return (3.74) | Year To Date Return (34.07) | Ten Year Return (51.47) | All Time Return (51.47) |
1 | Varex Imaging initiated with bullish view at B. Riley, heres why VREX | 08/23/2024 |
2 | Varex Imagings Returns On Capital Not Reflecting Well On The Business | 09/09/2024 |
3 | Varex Imaging Headroom Capped Without Higher Earnings On Capital Employed - Seeking Alpha | 09/11/2024 |
4 | Discover Undervalued Small Caps With Insider Action In United States September 2024 | 09/26/2024 |
5 | Renaissance Technologies LLC Has 3.52 Million Stake in Varex Imaging Co. - MarketBeat | 09/30/2024 |
6 | Varex Imaging Corp Q3 2024 Earnings Call Highlights Navigating Challenges with ... | 10/09/2024 |
7 | Disposition of 5761 shares by Kimberley Honeysett of Varex Imaging subject to Rule 16b-3 | 10/15/2024 |
8 | Dental Radiology Equipment Market to grow by USD 2.45 Billion from 2024-2028, driven by rising dental conditions, with AI powering market evolution - Technavio | 10/18/2024 |
9 | Exploring 3 Undervalued Small Caps In United States With Insider Activity | 10/24/2024 |
10 | Disposition of 5108 shares by Kimberley Honeysett of Varex Imaging subject to Rule 16b-3 | 10/31/2024 |
11 | Disposition of 7579 shares by Shubham Maheshwari of Varex Imaging at 12.58 subject to Rule 16b-3 | 11/01/2024 |
12 | Theres Reason For Concern Over Varex Imaging Corporations Massive 29 percent Price Jump | 11/07/2024 |
| Begin Period Cash Flow | 90.6 M |
Varex |
Varex Imaging Relative Risk vs. Return Landscape
If you would invest 1,263 in Varex Imaging Corp on August 17, 2024 and sell it today you would earn a total of 103.00 from holding Varex Imaging Corp or generate 8.16% return on investment over 90 days. Varex Imaging Corp is currently generating 0.1818% in daily expected returns and assumes 3.4182% risk (volatility on return distribution) over the 90 days horizon. In different words, 30% of stocks are less volatile than Varex, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Varex Imaging Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Varex Imaging's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Varex Imaging Corp, and traders can use it to determine the average amount a Varex Imaging's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0532
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Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Varex Imaging is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Varex Imaging by adding it to a well-diversified portfolio.
Varex Imaging Fundamentals Growth
Varex Stock prices reflect investors' perceptions of the future prospects and financial health of Varex Imaging, and Varex Imaging fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Varex Stock performance.
| Return On Equity | 0.0609 | ||||
| Return On Asset | 0.0231 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 849.2 M | ||||
| Shares Outstanding | 40.86 M | ||||
| Price To Earning | 33.13 X | ||||
| Price To Book | 0.98 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 893.4 M | ||||
| Gross Profit | 283.5 M | ||||
| EBITDA | 110.3 M | ||||
| Net Income | 48.7 M | ||||
| Cash And Equivalents | 99.6 M | ||||
| Cash Per Share | 2.50 X | ||||
| Total Debt | 469.5 M | ||||
| Debt To Equity | 0.83 % | ||||
| Current Ratio | 3.44 X | ||||
| Book Value Per Share | 14.22 X | ||||
| Cash Flow From Operations | 108.4 M | ||||
| Earnings Per Share | 0.74 X | ||||
| Market Capitalization | 568.79 M | ||||
| Total Asset | 1.25 B | ||||
| Retained Earnings | 118.1 M | ||||
| Working Capital | 495.5 M | ||||
| Current Asset | 388.51 M | ||||
| Current Liabilities | 120.44 M | ||||
About Varex Imaging Performance
Evaluating Varex Imaging's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Varex Imaging has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Varex Imaging has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 192.17 | 136.78 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.06 | 0.10 |
Things to note about Varex Imaging Corp performance evaluation
Checking the ongoing alerts about Varex Imaging for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Varex Imaging Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Varex Imaging Corp had very high historical volatility over the last 90 days | |
| Varex Imaging Corp has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from simplywall.st: Theres Reason For Concern Over Varex Imaging Corporations Massive 29 percent Price Jump |
- Analyzing Varex Imaging's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Varex Imaging's stock is overvalued or undervalued compared to its peers.
- Examining Varex Imaging's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Varex Imaging's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Varex Imaging's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Varex Imaging's stock. These opinions can provide insight into Varex Imaging's potential for growth and whether the stock is currently undervalued or overvalued.
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.