ZhongAn Online (Germany) Market Value
| 1ZO Stock | EUR 1.53 0.02 1.29% |
| Symbol | ZhongAn |
ZhongAn Online '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 ZhongAn Online'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 ZhongAn Online.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in ZhongAn Online on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding ZhongAn Online P or generate 0.0% return on investment in ZhongAn Online over 30 days. ZhongAn Online is related to or competes with Peoples Insurance, W R, Hanover Insurance, and . ZhongAn Online P C Insurance Co., Ltd., an internet-based insuretech company, provides internet insurance and insurance ... More
ZhongAn Online 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 ZhongAn Online'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 ZhongAn Online P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.27 | |||
| Information Ratio | 0.1127 | |||
| Maximum Drawdown | 43.05 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 11.76 |
ZhongAn Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZhongAn Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZhongAn Online's standard deviation. In reality, there are many statistical measures that can use ZhongAn Online historical prices to predict the future ZhongAn Online's volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | 0.7021 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1244 | |||
| Treynor Ratio | 1.31 |
ZhongAn Online P Backtested Returns
ZhongAn Online appears to be dangerous, given 3 months investment horizon. ZhongAn Online P shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining ZhongAn Online's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize ZhongAn Online's Mean Deviation of 3.56, market risk adjusted performance of 1.32, and Downside Deviation of 5.27 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZhongAn Online holds a performance score of 10. The firm maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZhongAn Online's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZhongAn Online is expected to be smaller as well. Please check ZhongAn Online's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether ZhongAn Online's historical returns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
ZhongAn Online P has excellent reverse predictability. Overlapping area represents the amount of predictability between ZhongAn Online time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 ZhongAn Online P price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current ZhongAn Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZhongAn Online P lagged returns against current returns
Autocorrelation, which is ZhongAn Online 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 ZhongAn Online's stock expected returns. We can calculate the autocorrelation of ZhongAn Online returns to help us make a trade decision. For example, suppose you find that ZhongAn Online 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 |
ZhongAn Online 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 ZhongAn Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZhongAn Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZhongAn Online stock over time.
Current vs Lagged Prices |
| Timeline |
ZhongAn Online Lagged Returns
When evaluating ZhongAn Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZhongAn Online stock have on its future price. ZhongAn Online 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, ZhongAn Online autocorrelation shows the relationship between ZhongAn Online stock current value and its past values and can show if there is a momentum factor associated with investing in ZhongAn Online P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ZhongAn Stock
ZhongAn Online financial ratios help investors to determine whether ZhongAn 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 ZhongAn with respect to the benefits of owning ZhongAn Online security.