Veritone Stock Market Value
| VERI Stock | USD 3.35 0.20 6.35% |
| Symbol | Veritone |
Is Veritone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veritone. If investors know Veritone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veritone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Veritone is measured differently than its book value, which is the value of Veritone that is recorded on the company's balance sheet. Investors also form their own opinion of Veritone's value that differs from its market value or its book value, called intrinsic value, which is Veritone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veritone's market value can be influenced by many factors that don't directly affect Veritone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veritone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritone's 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.
Veritone '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 Veritone'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 Veritone.
| 05/25/2022 |
| 05/14/2024 |
If you would invest 0.00 in Veritone on May 25, 2022 and sell it all today you would earn a total of 0.00 from holding Veritone or generate 0.0% return on investment in Veritone over 720 days. Veritone is related to or competes with Palo Alto, and PagSeguro Digital. Veritone, Inc., together with its subsidiaries, provides artificial intelligence computing solutions in the United State... More
Veritone 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 Veritone'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 Veritone upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.99 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 60.12 | |||
| Value At Risk | (14.35) | |||
| Potential Upside | 25.81 |
Veritone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veritone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veritone's standard deviation. In reality, there are many statistical measures that can use Veritone historical prices to predict the future Veritone's volatility.| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 1.65 | |||
| Total Risk Alpha | 0.3446 | |||
| Sortino Ratio | 0.1702 | |||
| Treynor Ratio | (2.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veritone'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.
Veritone Backtested Returns
Veritone is dangerous given 3 months investment horizon. Veritone owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0957, which indicates the firm had a 0.0957% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Veritone Coefficient Of Variation of 713.91, risk adjusted performance of 0.096, and Semi Deviation of 8.47 to evaluate company specific risk that cannot be diversified away. Veritone holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of -0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Veritone are expected to decrease at a much lower rate. During the bear market, Veritone is likely to outperform the market. Use Veritone downside variance, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Veritone.
Auto-correlation | -0.22 |
Weak reverse predictability
Veritone has weak reverse predictability. Overlapping area represents the amount of predictability between Veritone time series from 25th of May 2022 to 20th of May 2023 and 20th of May 2023 to 14th 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 Veritone price movement. The serial correlation of -0.22 indicates that over 22.0% of current Veritone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Veritone lagged returns against current returns
Autocorrelation, which is Veritone 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 Veritone's stock expected returns. We can calculate the autocorrelation of Veritone returns to help us make a trade decision. For example, suppose you find that Veritone 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 |
Veritone 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 Veritone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veritone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veritone stock over time.
Current vs Lagged Prices |
| Timeline |
Veritone Lagged Returns
When evaluating Veritone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veritone stock have on its future price. Veritone 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, Veritone autocorrelation shows the relationship between Veritone stock current value and its past values and can show if there is a momentum factor associated with investing in Veritone.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Veritone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Veritone's short interest history, or implied volatility extrapolated from Veritone options trading.
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.When determining whether Veritone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veritone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Veritone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veritone Stock:Check out Veritone Correlation, Veritone Volatility and Veritone Alpha and Beta module to complement your research on Veritone. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Veritone Stock analysis
When running Veritone's price analysis, check to measure Veritone'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 Veritone is operating at the current time. Most of Veritone's value examination focuses on studying past and present price action to predict the probability of Veritone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritone's price. Additionally, you may evaluate how the addition of Veritone to your portfolios can decrease your overall portfolio volatility.
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Veritone 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.