Zoje Resources (China) Market Value
| 002021 Stock | 2.40 0.01 0.42% |
| Symbol | Zoje |
Zoje Resources '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 Zoje Resources' 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 Zoje Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Zoje Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Zoje Resources Investment or generate 0.0% return on investment in Zoje Resources over 30 days. Zoje Resources is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. Zoje Resources is entity of China. It is traded as Stock on SHE exchange. More
Zoje Resources 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 Zoje Resources' 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 Zoje Resources Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.1308 | |||
| Maximum Drawdown | 20.19 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 10.04 |
Zoje Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoje Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoje Resources' standard deviation. In reality, there are many statistical measures that can use Zoje Resources historical prices to predict the future Zoje Resources' volatility.| Risk Adjusted Performance | 0.1316 | |||
| Jensen Alpha | 0.7904 | |||
| Total Risk Alpha | 0.0165 | |||
| Sortino Ratio | 0.1594 | |||
| Treynor Ratio | (0.63) |
Zoje Resources Investment Backtested Returns
Zoje Resources appears to be very risky, given 3 months investment horizon. Zoje Resources Investment shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Zoje Resources' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Zoje Resources' Mean Deviation of 3.07, market risk adjusted performance of (0.62), and Downside Deviation of 3.43 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zoje Resources holds a performance score of 15. The firm maintains a market beta of -1.06, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Zoje Resources are expected to decrease slowly. On the other hand, during market turmoil, Zoje Resources is expected to outperform it slightly. Please check Zoje Resources' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zoje Resources' historical returns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Zoje Resources Investment has excellent reverse predictability. Overlapping area represents the amount of predictability between Zoje Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Zoje Resources Investment price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Zoje Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Zoje Resources Investment lagged returns against current returns
Autocorrelation, which is Zoje Resources 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 Zoje Resources' stock expected returns. We can calculate the autocorrelation of Zoje Resources returns to help us make a trade decision. For example, suppose you find that Zoje Resources 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 |
Zoje Resources 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 Zoje Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoje Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoje Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Zoje Resources Lagged Returns
When evaluating Zoje Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoje Resources stock have on its future price. Zoje Resources 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, Zoje Resources autocorrelation shows the relationship between Zoje Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Zoje Resources Investment.
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.Other Information on Investing in Zoje Stock
Zoje Resources financial ratios help investors to determine whether Zoje Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zoje with respect to the benefits of owning Zoje Resources security.