Vecima Networks Stock Market Value

VCM Stock  CAD 22.05  0.44  1.96%   
Vecima Networks' market value is the price at which a share of Vecima Networks trades on a public exchange. It measures the collective expectations of Vecima Networks investors about its performance. Vecima Networks is selling at 22.05 as of the 21st of April 2024; that is -1.96% down since the beginning of the trading day. The stock's open price was 22.49.
With this module, you can estimate the performance of a buy and hold strategy of Vecima Networks and determine expected loss or profit from investing in Vecima Networks over a given investment horizon. Check out Vecima Networks Correlation, Vecima Networks Volatility and Vecima Networks Alpha and Beta module to complement your research on Vecima Networks.
Symbol

Vecima Networks Price To Book Ratio

Please note, there is a significant difference between Vecima Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vecima Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vecima Networks' 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.

Vecima Networks '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 Vecima Networks' 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 Vecima Networks.
0.00
05/02/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
04/21/2024
0.00
If you would invest  0.00  in Vecima Networks on May 2, 2022 and sell it all today you would earn a total of 0.00 from holding Vecima Networks or generate 0.0% return on investment in Vecima Networks over 720 days. Vecima Networks is related to or competes with Orca Energy, Rogers Communications, Buhler Industries, CCL Industries, and Transcontinental. Vecima Networks Inc. provides technology solutions that empower network service providers to connect people and enterpri... More

Vecima Networks 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 Vecima Networks' 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 Vecima Networks upside and downside potential and time the market with a certain degree of confidence.

Vecima Networks Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Vecima Networks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vecima Networks' standard deviation. In reality, there are many statistical measures that can use Vecima Networks historical prices to predict the future Vecima Networks' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vecima Networks' 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.
Hype
Prediction
LowEstimatedHigh
19.6622.0524.44
Details
Intrinsic
Valuation
LowRealHigh
20.0322.4224.81
Details
Naive
Forecast
LowNextHigh
19.2921.6824.07
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.250.280.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Vecima Networks. Your research has to be compared to or analyzed against Vecima Networks' peers to derive any actionable benefits. When done correctly, Vecima Networks' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Vecima Networks.

Vecima Networks Backtested Returns

Vecima Networks appears to be very steady, given 3 months investment horizon. Vecima Networks owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vecima Networks, which you can use to evaluate the volatility of the company. Please review Vecima Networks' Coefficient Of Variation of 664.38, risk adjusted performance of 0.0996, and Semi Deviation of 1.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vecima Networks holds a performance score of 15. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vecima Networks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vecima Networks is expected to be smaller as well. Please check Vecima Networks' semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Vecima Networks' existing price patterns will revert.

Auto-correlation

    
  0.13  

Insignificant predictability

Vecima Networks has insignificant predictability. Overlapping area represents the amount of predictability between Vecima Networks time series from 2nd of May 2022 to 27th of April 2023 and 27th of April 2023 to 21st 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 Vecima Networks price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Vecima Networks price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test-0.1
Residual Average0.0
Price Variance3.62

Vecima Networks lagged returns against current returns

Autocorrelation, which is Vecima Networks 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 Vecima Networks' stock expected returns. We can calculate the autocorrelation of Vecima Networks returns to help us make a trade decision. For example, suppose you find that Vecima Networks 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  

Vecima Networks 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 Vecima Networks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vecima Networks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vecima Networks stock over time.
   Current vs Lagged Prices   
       Timeline  

Vecima Networks Lagged Returns

When evaluating Vecima Networks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vecima Networks stock have on its future price. Vecima Networks 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, Vecima Networks autocorrelation shows the relationship between Vecima Networks stock current value and its past values and can show if there is a momentum factor associated with investing in Vecima Networks.
   Regressed Prices   
       Timeline  

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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.
Check out Vecima Networks Correlation, Vecima Networks Volatility and Vecima Networks Alpha and Beta module to complement your research on Vecima Networks.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Vecima Networks' price analysis, check to measure Vecima Networks' 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 Vecima Networks is operating at the current time. Most of Vecima Networks' value examination focuses on studying past and present price action to predict the probability of Vecima Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vecima Networks' price. Additionally, you may evaluate how the addition of Vecima Networks to your portfolios can decrease your overall portfolio volatility.
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Vecima Networks 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.
A focus of Vecima Networks technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Vecima Networks trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...