Via Renewables Preferred Stock Market Value

VIASP Preferred Stock  USD 20.61  0.13  0.63%   
Via Renewables' market value is the price at which a share of Via Renewables trades on a public exchange. It measures the collective expectations of Via Renewables investors about its performance. Via Renewables is selling at 20.61 as of the 10th of October 2024; that is 0.63 percent decrease since the beginning of the trading day. The preferred stock's last reported lowest price was 20.45.
With this module, you can estimate the performance of a buy and hold strategy of Via Renewables and determine expected loss or profit from investing in Via Renewables over a given investment horizon. Check out Via Renewables Correlation, Via Renewables Volatility and Via Renewables Alpha and Beta module to complement your research on Via Renewables.
Symbol

Via Renewables' Earnings Breakdown by Geography

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

Via Renewables '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 Via Renewables' preferred 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 Via Renewables.
0.00
10/21/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
10/10/2024
0.00
If you would invest  0.00  in Via Renewables on October 21, 2022 and sell it all today you would earn a total of 0.00 from holding Via Renewables or generate 0.0% return on investment in Via Renewables over 720 days. Via Renewables is related to or competes with CMS Energy, ACRES Commercial, and Atlanticus Holdings. Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United ... More

Via Renewables 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 Via Renewables' preferred 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 Via Renewables upside and downside potential and time the market with a certain degree of confidence.

Via Renewables Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Via Renewables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Via Renewables' standard deviation. In reality, there are many statistical measures that can use Via Renewables historical prices to predict the future Via Renewables' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Via Renewables' 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
19.1820.6122.04
Details
Intrinsic
Valuation
LowRealHigh
18.8820.3121.74
Details
Naive
Forecast
LowNextHigh
19.3720.8022.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.1420.8221.50
Details

Via Renewables Backtested Returns

Currently, Via Renewables is very steady. Via Renewables owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Via Renewables, which you can use to evaluate the volatility of the company. Please validate Via Renewables' Coefficient Of Variation of 663.6, semi deviation of 1.3, and Risk Adjusted Performance of 0.131 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Via Renewables has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.0966, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Via Renewables' returns are expected to increase less than the market. However, during the bear market, the loss of holding Via Renewables is expected to be smaller as well. Via Renewables right now has a risk of 1.43%. Please validate Via Renewables value at risk, and the relationship between the jensen alpha and skewness , to decide if Via Renewables will be following its existing price patterns.

Auto-correlation

    
  -0.62  

Very good reverse predictability

Via Renewables has very good reverse predictability. Overlapping area represents the amount of predictability between Via Renewables time series from 21st of October 2022 to 16th of October 2023 and 16th of October 2023 to 10th of October 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 Via Renewables price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Via Renewables price fluctuation can be explain by its past prices.
Correlation Coefficient-0.62
Spearman Rank Test-0.58
Residual Average0.0
Price Variance3.96

Via Renewables lagged returns against current returns

Autocorrelation, which is Via Renewables preferred 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 Via Renewables' preferred stock expected returns. We can calculate the autocorrelation of Via Renewables returns to help us make a trade decision. For example, suppose you find that Via Renewables has exhibited high autocorrelation historically, and you observe that the preferred 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  

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

Via Renewables Lagged Returns

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

Pair Trading with Via Renewables

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 Via Renewables 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 Via Renewables will appreciate offsetting losses from the drop in the long position's value.

Moving together with Via Preferred Stock

  0.85D Dominion EnergyPairCorr
  0.81ED Consolidated EdisonPairCorr
  0.79ES Eversource EnergyPairCorr
  0.84FE FirstEnergyPairCorr

Moving against Via Preferred Stock

  0.57ENIC Enel Chile SAPairCorr
  0.42HE Hawaiian ElectricPairCorr
The ability to find closely correlated positions to Via Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Via Renewables 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 Via Renewables - 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 Via Renewables to buy it.
The correlation of Via Renewables 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 Via Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Via Renewables 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 Via Renewables 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.
Pair CorrelationCorrelation Matching

Additional Tools for Via Preferred Stock Analysis

When running Via Renewables' price analysis, check to measure Via Renewables' 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 Via Renewables is operating at the current time. Most of Via Renewables' value examination focuses on studying past and present price action to predict the probability of Via Renewables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Via Renewables' price. Additionally, you may evaluate how the addition of Via Renewables to your portfolios can decrease your overall portfolio volatility.