Varonis Systems Stock Beta
| VRNS Stock | USD 42.96 0.46 1.06% |
Varonis Systems fundamentals help investors to digest information that contributes to Varonis Systems' financial success or failures. It also enables traders to predict the movement of Varonis Stock. The fundamental analysis module provides a way to measure Varonis Systems' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Varonis Systems stock.
Varonis | Beta |
Varonis Systems Company Beta Analysis
Varonis Systems' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Varonis Systems Beta | 0.84 |
Most of Varonis Systems' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Varonis Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Varonis Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Varonis Systems is extremely important. It helps to project a fair market value of Varonis Stock properly, considering its historical fundamentals such as Beta. Since Varonis Systems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Varonis Systems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Varonis Systems' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Varonis Systems has a Beta of 0.838. This is 20.94% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Varonis Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Varonis Systems' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Varonis Systems could also be used in its relative valuation, which is a method of valuing Varonis Systems by comparing valuation metrics of similar companies.Varonis Systems is currently under evaluation in beta category among related companies.
Varonis Systems Current Valuation Drivers
We derive many important indicators used in calculating different scores of Varonis Systems from analyzing Varonis Systems' financial statements. These drivers represent accounts that assess Varonis Systems' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Varonis Systems' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.4B | 5.1B | 5.1B | 2.6B | 4.9B | 5.2B | |
| Enterprise Value | 2.3B | 5.2B | 4.6B | 2.6B | 5.0B | 5.3B |
Varonis Systems ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Varonis Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Varonis Systems' managers, analysts, and investors.Environmental | Governance | Social |
Varonis Systems Institutional Holders
Institutional Holdings refers to the ownership stake in Varonis Systems that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Varonis Systems' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Varonis Systems' value.| Shares | Ing Investment Management Llc | 2023-12-31 | 2.2 M | William Blair Investment Management, Llc | 2024-03-31 | 2.2 M | Pictet Asset Manangement Sa | 2024-03-31 | 2.2 M | Amvescap Plc. | 2023-12-31 | 2.2 M | Rgm Capital Llc | 2024-03-31 | 1.8 M | Ubs Asset Mgmt Americas Inc | 2024-03-31 | 1.7 M | Hood River Capital Management Llc | 2024-03-31 | 1.6 M | Stephens Inv Mgmt Group Llc | 2024-03-31 | 1.6 M | Principal Financial Group Inc | 2024-03-31 | 1.5 M | Vanguard Group Inc | 2024-03-31 | 11.3 M | Blackrock Inc | 2023-12-31 | 11.1 M |
As returns on the market increase, Varonis Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Varonis Systems is expected to be smaller as well.
Varonis Fundamentals
| Return On Equity | -0.22 | ||||
| Return On Asset | -0.0737 | ||||
| Profit Margin | (0.20) % | ||||
| Operating Margin | (0.42) % | ||||
| Current Valuation | 4.55 B | ||||
| Shares Outstanding | 111.5 M | ||||
| Shares Owned By Insiders | 2.37 % | ||||
| Shares Owned By Institutions | 99.91 % | ||||
| Number Of Shares Shorted | 7.52 M | ||||
| Price To Earning | (70.91) X | ||||
| Price To Book | 9.92 X | ||||
| Price To Sales | 9.73 X | ||||
| Revenue | 499.16 M | ||||
| Gross Profit | 403.8 M | ||||
| EBITDA | (117.22 M) | ||||
| Net Income | (100.92 M) | ||||
| Cash And Equivalents | 788.76 M | ||||
| Cash Per Share | 7.18 X | ||||
| Total Debt | 311.84 M | ||||
| Debt To Equity | 0.61 % | ||||
| Current Ratio | 4.34 X | ||||
| Book Value Per Share | 4.05 X | ||||
| Cash Flow From Operations | 59.42 M | ||||
| Short Ratio | 7.28 X | ||||
| Earnings Per Share | (0.94) X | ||||
| Price To Earnings To Growth | 4.64 X | ||||
| Target Price | 53.59 | ||||
| Number Of Employees | 2.23 K | ||||
| Beta | 0.84 | ||||
| Market Capitalization | 4.79 B | ||||
| Total Asset | 1.1 B | ||||
| Retained Earnings | (644.39 M) | ||||
| Working Capital | 460.38 M | ||||
| Current Asset | 156.4 M | ||||
| Current Liabilities | 71.32 M | ||||
| Net Asset | 1.1 B |
About Varonis Systems Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Varonis Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Varonis Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Varonis Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Varonis Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Varonis Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Varonis Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Varonis Stock
| 0.85 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.79 | MQ | Marqeta | PairCorr |
Moving against Varonis Stock
| 0.87 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.55 | GB | Global Blue Group Earnings Call This Week | PairCorr |
| 0.44 | EGIO | Edgio Inc Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to Varonis Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Varonis Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Varonis Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Varonis Systems to buy it.
The correlation of Varonis Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Varonis Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Varonis Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Varonis Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Varonis Systems Piotroski F Score and Varonis Systems Altman Z Score analysis. For more information on how to buy Varonis Stock please use our How to Invest in Varonis Systems guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Varonis Stock analysis
When running Varonis Systems' price analysis, check to measure Varonis Systems' 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 Varonis Systems is operating at the current time. Most of Varonis Systems' value examination focuses on studying past and present price action to predict the probability of Varonis Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varonis Systems' price. Additionally, you may evaluate how the addition of Varonis Systems to your portfolios can decrease your overall portfolio volatility.
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Is Varonis Systems' 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 Varonis Systems. If investors know Varonis 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 Varonis Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.94) | Revenue Per Share 4.618 | Quarterly Revenue Growth 0.062 | Return On Assets (0.07) | Return On Equity (0.22) |
The market value of Varonis Systems is measured differently than its book value, which is the value of Varonis that is recorded on the company's balance sheet. Investors also form their own opinion of Varonis Systems' value that differs from its market value or its book value, called intrinsic value, which is Varonis Systems' 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 Varonis Systems' market value can be influenced by many factors that don't directly affect Varonis Systems' 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 Varonis Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Varonis Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Varonis Systems' 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.