Versabank Stock Market Value
| VBNK Stock | USD 9.71 0.14 1.42% |
| Symbol | VersaBank |
VersaBank Price To Book Ratio
Is VersaBank's 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 VersaBank. If investors know VersaBank 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 VersaBank 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 0.413 | Dividend Share 0.1 | Earnings Share 1.25 | Revenue Per Share 4.286 | Quarterly Revenue Growth 0.135 |
The market value of VersaBank is measured differently than its book value, which is the value of VersaBank that is recorded on the company's balance sheet. Investors also form their own opinion of VersaBank's value that differs from its market value or its book value, called intrinsic value, which is VersaBank'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 VersaBank's market value can be influenced by many factors that don't directly affect VersaBank'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 VersaBank's value and its price as these two are different measures arrived at by different means. Investors typically determine if VersaBank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VersaBank'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.
VersaBank '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 VersaBank'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 VersaBank.
| 04/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in VersaBank on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding VersaBank or generate 0.0% return on investment in VersaBank over 60 days. VersaBank is related to or competes with 1st Capital, Mountain Commerce, TC Bancshares, American Riviera, Home Federal, Village Bank, and Prime Meridian. VersaBank, a schedule I chartered bank, provides various banking products and services in Canada More
VersaBank 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 VersaBank'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 VersaBank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 2.18 |
VersaBank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VersaBank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VersaBank's standard deviation. In reality, there are many statistical measures that can use VersaBank historical prices to predict the future VersaBank's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VersaBank'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.
VersaBank Backtested Returns
VersaBank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. VersaBank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VersaBank's Variance of 3.76, coefficient of variation of (704.42), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VersaBank's returns are expected to increase less than the market. However, during the bear market, the loss of holding VersaBank is expected to be smaller as well. VersaBank has an expected return of -0.3%. Please make sure to validate VersaBank value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if VersaBank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
VersaBank has modest predictability. Overlapping area represents the amount of predictability between VersaBank time series from 4th of April 2024 to 4th of May 2024 and 4th of May 2024 to 3rd of June 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 VersaBank price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current VersaBank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VersaBank lagged returns against current returns
Autocorrelation, which is VersaBank 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 VersaBank's stock expected returns. We can calculate the autocorrelation of VersaBank returns to help us make a trade decision. For example, suppose you find that VersaBank 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 |
VersaBank 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 VersaBank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VersaBank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VersaBank stock over time.
Current vs Lagged Prices |
| Timeline |
VersaBank Lagged Returns
When evaluating VersaBank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VersaBank stock have on its future price. VersaBank 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, VersaBank autocorrelation shows the relationship between VersaBank stock current value and its past values and can show if there is a momentum factor associated with investing in VersaBank.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as VersaBank using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out VersaBank Correlation, VersaBank Volatility and VersaBank Alpha and Beta module to complement your research on VersaBank. For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for VersaBank Stock analysis
When running VersaBank's price analysis, check to measure VersaBank'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 VersaBank is operating at the current time. Most of VersaBank's value examination focuses on studying past and present price action to predict the probability of VersaBank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VersaBank's price. Additionally, you may evaluate how the addition of VersaBank to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Stocks Directory Find actively traded stocks across global markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
VersaBank 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.