Veolia Environnement Sa Stock Market Value
VEOEF Stock | USD 32.76 0.86 2.70% |
Symbol | Veolia |
Veolia Environnement '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 Veolia Environnement's pink sheet 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 Veolia Environnement.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Veolia Environnement on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Veolia Environnement SA or generate 0.0% return on investment in Veolia Environnement over 720 days. Veolia Environnement is related to or competes with Waste Management, Republic Services, Waste Connections, Gfl Environmental, Casella Waste, Stericycle, and Kroger. Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide More
Veolia Environnement 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 Veolia Environnement's pink sheet 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 Veolia Environnement SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.14) | |||
Maximum Drawdown | 7.28 | |||
Value At Risk | (2.53) | |||
Potential Upside | 2.32 |
Veolia Environnement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veolia Environnement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veolia Environnement's standard deviation. In reality, there are many statistical measures that can use Veolia Environnement historical prices to predict the future Veolia Environnement's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.32) | |||
Treynor Ratio | 0.2285 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veolia Environnement'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.
Veolia Environnement Backtested Returns
We consider Veolia Environnement very steady. Veolia Environnement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0494, which indicates the firm had a 0.0494% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Veolia Environnement SA, which you can use to evaluate the volatility of the company. Please validate Veolia Environnement's Risk Adjusted Performance of (0.01), coefficient of variation of (3,000), and Variance of 1.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.063%. Veolia Environnement has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veolia Environnement are expected to decrease at a much lower rate. During the bear market, Veolia Environnement is likely to outperform the market. Veolia Environnement right now has a risk of 1.27%. Please validate Veolia Environnement accumulation distribution, and the relationship between the potential upside and day median price , to decide if Veolia Environnement will be following its existing price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Veolia Environnement SA has very weak predictability. Overlapping area represents the amount of predictability between Veolia Environnement time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Veolia Environnement price movement. The serial correlation of 0.19 indicates that over 19.0% of current Veolia Environnement price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.19 | |
Spearman Rank Test | 0.15 | |
Residual Average | 0.0 | |
Price Variance | 2.2 |
Veolia Environnement lagged returns against current returns
Autocorrelation, which is Veolia Environnement pink sheet'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 Veolia Environnement's pink sheet expected returns. We can calculate the autocorrelation of Veolia Environnement returns to help us make a trade decision. For example, suppose you find that Veolia Environnement has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Veolia Environnement 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 Veolia Environnement pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veolia Environnement pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veolia Environnement pink sheet over time.
Current vs Lagged Prices |
Timeline |
Veolia Environnement Lagged Returns
When evaluating Veolia Environnement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veolia Environnement pink sheet have on its future price. Veolia Environnement 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, Veolia Environnement autocorrelation shows the relationship between Veolia Environnement pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Veolia Environnement SA.
Regressed Prices |
Timeline |
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Check out Veolia Environnement Correlation, Veolia Environnement Volatility and Veolia Environnement Alpha and Beta module to complement your research on Veolia Environnement. Note that the Veolia Environnement information on this page should be used as a complementary analysis to other Veolia Environnement's 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Veolia Pink Sheet analysis
When running Veolia Environnement's price analysis, check to measure Veolia Environnement'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 Veolia Environnement is operating at the current time. Most of Veolia Environnement's value examination focuses on studying past and present price action to predict the probability of Veolia Environnement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veolia Environnement's price. Additionally, you may evaluate how the addition of Veolia Environnement to your portfolios can decrease your overall portfolio volatility.
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Veolia Environnement technical pink sheet 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, pink sheet market cycles, or different charting patterns.