Vow Green (Norway) Market Value
| VGM Stock | 1.70 0.08 4.49% |
| Symbol | Vow |
Vow Green '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 Vow Green'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 Vow Green.
| 04/24/2024 |
| 05/24/2024 |
If you would invest 0.00 in Vow Green on April 24, 2024 and sell it all today you would earn a total of 0.00 from holding Vow Green Metals or generate 0.0% return on investment in Vow Green over 30 days. Vow Green is related to or competes with Tomra Systems, Agilyx AS, and Waste Plastic. More
Vow Green 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 Vow Green'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 Vow Green Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.7 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 7.27 |
Vow Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vow Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vow Green's standard deviation. In reality, there are many statistical measures that can use Vow Green historical prices to predict the future Vow Green's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vow Green'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.
Vow Green Metals Backtested Returns
Vow Green Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0081, which indicates the firm had a -0.0081% return per unit of risk over the last 3 months. Vow Green Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vow Green's Risk Adjusted Performance of (0.01), coefficient of variation of (3,265), and Variance of 18.55 to confirm the risk estimate we provide. The entity has a beta of 1.28, 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, Vow Green will likely underperform. Vow Green Metals has an expected return of -0.0356%. Please make sure to validate Vow Green accumulation distribution, as well as the relationship between the day median price and period momentum indicator , to decide if Vow Green Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Vow Green Metals has weak reverse predictability. Overlapping area represents the amount of predictability between Vow Green time series from 24th of April 2024 to 9th of May 2024 and 9th of May 2024 to 24th of May 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 Vow Green Metals price movement. The serial correlation of -0.21 indicates that over 21.0% of current Vow Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vow Green Metals lagged returns against current returns
Autocorrelation, which is Vow Green 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 Vow Green's stock expected returns. We can calculate the autocorrelation of Vow Green returns to help us make a trade decision. For example, suppose you find that Vow Green 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 |
Vow Green 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 Vow Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vow Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vow Green stock over time.
Current vs Lagged Prices |
| Timeline |
Vow Green Lagged Returns
When evaluating Vow Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vow Green stock have on its future price. Vow Green 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, Vow Green autocorrelation shows the relationship between Vow Green stock current value and its past values and can show if there is a momentum factor associated with investing in Vow Green Metals.
Regressed Prices |
| Timeline |
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Check out Vow Green Correlation, Vow Green Volatility and Vow Green Alpha and Beta module to complement your research on Vow Green. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Vow Stock analysis
When running Vow Green's price analysis, check to measure Vow Green'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 Vow Green is operating at the current time. Most of Vow Green's value examination focuses on studying past and present price action to predict the probability of Vow Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vow Green's price. Additionally, you may evaluate how the addition of Vow Green to your portfolios can decrease your overall portfolio volatility.
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Vow Green 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.