Veritex Holdings Stock Technical Analysis
VBTX Stock | USD 20.58 0.78 3.94% |
As of the 28th of March, Veritex Holdings has the Risk Adjusted Performance of (0.03), coefficient of variation of (1,343), and Variance of 4.61. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Veritex Holdings, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Veritex Holdings, which can be compared to its competition. Please validate Veritex Holdings market risk adjusted performance and treynor ratio to decide if Veritex Holdings is priced more or less accurately, providing market reflects its prevalent price of 20.58 per share. Given that Veritex Holdings has information ratio of (0.14), we advise you to double-check Veritex Holdings's current market performance to make sure the company can sustain itself at a future point.
Veritex Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Veritex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VeritexVeritex |
Veritex Holdings Analyst Consensus
Target Price | Advice | # of Analysts | |
24.4 | Buy | 6 | Odds |
Most Veritex analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Veritex stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Veritex Holdings, talking to its executives and customers, or listening to Veritex conference calls.
Veritex Holdings 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.
Veritex Holdings Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Veritex Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Veritex Holdings Trend Analysis
Use this graph to draw trend lines for Veritex Holdings. You can use it to identify possible trend reversals for Veritex Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Veritex Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Veritex Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Veritex Holdings applied against its price change over selected period. The best fit line has a slop of 0.06 , which may suggest that Veritex Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 121.76, which is the sum of squared deviations for the predicted Veritex Holdings price change compared to its average price change.About Veritex Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Veritex Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Veritex Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Veritex Holdings price pattern first instead of the macroeconomic environment surrounding Veritex Holdings. By analyzing Veritex Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Veritex Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Veritex Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0186 | 0.0301 | 0.0343 | 0.036 | Price To Sales Ratio | 5.89 | 3.32 | 1.63 | 1.54 |
Veritex Holdings March 28, 2024 Technical Indicators
Most technical analysis of Veritex help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Veritex from various momentum indicators to cycle indicators. When you analyze Veritex charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.03) | |||
Market Risk Adjusted Performance | (0.08) | |||
Mean Deviation | 1.62 | |||
Coefficient Of Variation | (1,343) | |||
Standard Deviation | 2.15 | |||
Variance | 4.61 | |||
Information Ratio | (0.14) | |||
Jensen Alpha | (0.40) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | (0.09) | |||
Maximum Drawdown | 10.74 | |||
Value At Risk | (3.07) | |||
Potential Upside | 3.94 | |||
Skewness | 0.0054 | |||
Kurtosis | 0.395 |
Veritex Holdings March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Veritex stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 13,529 | ||
Daily Balance Of Power | 0.91 | ||
Rate Of Daily Change | 1.04 | ||
Day Median Price | 20.18 | ||
Day Typical Price | 20.31 | ||
Price Action Indicator | 0.79 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritex Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Veritex Stock please use our How to Invest in Veritex Holdings guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Veritex Stock analysis
When running Veritex Holdings' price analysis, check to measure Veritex Holdings' 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 Veritex Holdings is operating at the current time. Most of Veritex Holdings' value examination focuses on studying past and present price action to predict the probability of Veritex Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritex Holdings' price. Additionally, you may evaluate how the addition of Veritex Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Veritex Holdings' industry 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 Veritex Holdings. If investors know Veritex 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 Veritex Holdings 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 (0.92) | Dividend Share 0.8 | Earnings Share 1.98 | Revenue Per Share 6.962 | Quarterly Revenue Growth (0.36) |
The market value of Veritex Holdings is measured differently than its book value, which is the value of Veritex that is recorded on the company's balance sheet. Investors also form their own opinion of Veritex Holdings' value that differs from its market value or its book value, called intrinsic value, which is Veritex Holdings' 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 Veritex Holdings' market value can be influenced by many factors that don't directly affect Veritex Holdings' 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 Veritex Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritex Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritex Holdings' 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.