Veidekke ASA (Norway) Market Value
| VEI Stock | NOK 115.60 1.00 0.87% |
| Symbol | Veidekke |
Veidekke ASA '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 Veidekke ASA'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 Veidekke ASA.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Veidekke ASA on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Veidekke ASA or generate 0.0% return on investment in Veidekke ASA over 30 days. Veidekke ASA is related to or competes with Stolt Nielsen, Wilh Wilhelmsen, and Storebrand ASA. Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark More
Veidekke ASA 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 Veidekke ASA'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 Veidekke ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.1234 | |||
| Maximum Drawdown | 11.94 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.92 |
Veidekke ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veidekke ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veidekke ASA's standard deviation. In reality, there are many statistical measures that can use Veidekke ASA historical prices to predict the future Veidekke ASA's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.2333 | |||
| Total Risk Alpha | 0.1327 | |||
| Sortino Ratio | 0.1333 | |||
| Treynor Ratio | 0.7487 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veidekke ASA'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.
Veidekke ASA Backtested Returns
Veidekke ASA appears to be very steady, given 3 months investment horizon. Veidekke ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Veidekke ASA, which you can use to evaluate the volatility of the company. Please review Veidekke ASA's Risk Adjusted Performance of 0.107, semi deviation of 1.26, and Coefficient Of Variation of 637.55 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Veidekke ASA holds a performance score of 15. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Veidekke ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Veidekke ASA is expected to be smaller as well. Please check Veidekke ASA's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Veidekke ASA's existing price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Veidekke ASA has good reverse predictability. Overlapping area represents the amount of predictability between Veidekke ASA time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Veidekke ASA price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Veidekke ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Veidekke ASA lagged returns against current returns
Autocorrelation, which is Veidekke ASA 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 Veidekke ASA's stock expected returns. We can calculate the autocorrelation of Veidekke ASA returns to help us make a trade decision. For example, suppose you find that Veidekke ASA 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 |
Veidekke ASA 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 Veidekke ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veidekke ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veidekke ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Veidekke ASA Lagged Returns
When evaluating Veidekke ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veidekke ASA stock have on its future price. Veidekke ASA 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, Veidekke ASA autocorrelation shows the relationship between Veidekke ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Veidekke ASA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Veidekke ASA Correlation, Veidekke ASA Volatility and Veidekke ASA Alpha and Beta module to complement your research on Veidekke ASA. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Veidekke Stock analysis
When running Veidekke ASA's price analysis, check to measure Veidekke ASA'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 Veidekke ASA is operating at the current time. Most of Veidekke ASA's value examination focuses on studying past and present price action to predict the probability of Veidekke ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veidekke ASA's price. Additionally, you may evaluate how the addition of Veidekke ASA to your portfolios can decrease your overall portfolio volatility.
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Veidekke ASA 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.