Veeco Instruments Stock Market Value
| VECO Stock | USD 33.89 0.16 0.47% |
| Symbol | Veeco |
Veeco Instruments Price To Book Ratio
Is Veeco Instruments' 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 Veeco Instruments. If investors know Veeco 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 Veeco Instruments 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 (0.82) | Earnings Share (0.56) | Revenue Per Share 12.394 | Quarterly Revenue Growth 0.131 | Return On Assets 0.0371 |
The market value of Veeco Instruments is measured differently than its book value, which is the value of Veeco that is recorded on the company's balance sheet. Investors also form their own opinion of Veeco Instruments' value that differs from its market value or its book value, called intrinsic value, which is Veeco Instruments' 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 Veeco Instruments' market value can be influenced by many factors that don't directly affect Veeco Instruments' 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 Veeco Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeco Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeco Instruments' 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.
Veeco Instruments '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 Veeco Instruments' 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 Veeco Instruments.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Veeco Instruments on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Veeco Instruments or generate 0.0% return on investment in Veeco Instruments over 30 days. Veeco Instruments is related to or competes with KLA Tencor, Teradyne, Applied Materials, Aehr Test, Photronics, Kulicke, and Entegris. Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and th... More
Veeco Instruments 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 Veeco Instruments' 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 Veeco Instruments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.49 |
Veeco Instruments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veeco Instruments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veeco Instruments' standard deviation. In reality, there are many statistical measures that can use Veeco Instruments historical prices to predict the future Veeco Instruments' volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0426 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veeco Instruments' 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.
Veeco Instruments Backtested Returns
We consider Veeco Instruments very steady. Veeco Instruments owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0429, which indicates the firm had a 0.0429% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Veeco Instruments, which you can use to evaluate the volatility of the company. Please validate Veeco Instruments' Coefficient Of Variation of 2791.08, semi deviation of 2.27, and Risk Adjusted Performance of 0.0295 to confirm if the risk estimate we provide is consistent with the expected return of 0.0936%. Veeco Instruments has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.59, 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, Veeco Instruments will likely underperform. Veeco Instruments right now has a risk of 2.18%. Please validate Veeco Instruments downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Veeco Instruments will be following its existing price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Veeco Instruments has poor reverse predictability. Overlapping area represents the amount of predictability between Veeco Instruments time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Veeco Instruments price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Veeco Instruments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.43 |
Veeco Instruments lagged returns against current returns
Autocorrelation, which is Veeco Instruments 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 Veeco Instruments' stock expected returns. We can calculate the autocorrelation of Veeco Instruments returns to help us make a trade decision. For example, suppose you find that Veeco Instruments 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 |
Veeco Instruments 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 Veeco Instruments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veeco Instruments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veeco Instruments stock over time.
Current vs Lagged Prices |
| Timeline |
Veeco Instruments Lagged Returns
When evaluating Veeco Instruments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veeco Instruments stock have on its future price. Veeco Instruments 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, Veeco Instruments autocorrelation shows the relationship between Veeco Instruments stock current value and its past values and can show if there is a momentum factor associated with investing in Veeco Instruments.
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.When determining whether Veeco Instruments offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veeco Instruments' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Veeco Instruments Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veeco Instruments Stock:Check out Veeco Instruments Correlation, Veeco Instruments Volatility and Veeco Instruments Alpha and Beta module to complement your research on Veeco Instruments. To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.Note that the Veeco Instruments information on this page should be used as a complementary analysis to other Veeco Instruments' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Veeco Stock analysis
When running Veeco Instruments' price analysis, check to measure Veeco Instruments' 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 Veeco Instruments is operating at the current time. Most of Veeco Instruments' value examination focuses on studying past and present price action to predict the probability of Veeco Instruments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veeco Instruments' price. Additionally, you may evaluate how the addition of Veeco Instruments to your portfolios can decrease your overall portfolio volatility.
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Veeco Instruments 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.