Ziel Home (China) Market Value
| 301376 Stock | 20.13 1.35 6.28% |
| Symbol | Ziel |
Ziel Home '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 Ziel Home'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 Ziel Home.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ziel Home on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ziel Home Furnishing or generate 0.0% return on investment in Ziel Home over 60 days. Ziel Home is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, PetroChina, Industrial Bank, and China Life. Ziel Home is entity of China. It is traded as Stock on SHE exchange. More
Ziel Home 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 Ziel Home'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 Ziel Home Furnishing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.95 | |||
| Information Ratio | 0.0055 | |||
| Maximum Drawdown | 26.94 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 5.37 |
Ziel Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ziel Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ziel Home's standard deviation. In reality, there are many statistical measures that can use Ziel Home historical prices to predict the future Ziel Home's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.2059 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0051 | |||
| Treynor Ratio | (0.26) |
Ziel Home Furnishing Backtested Returns
Ziel Home appears to be not too volatile, given 3 months investment horizon. Ziel Home Furnishing shows Sharpe Ratio of 0.0914, which attests that the company had a 0.0914% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ziel Home Furnishing, which you can use to evaluate the volatility of the company. Please utilize Ziel Home's Downside Deviation of 3.95, mean deviation of 2.45, and Market Risk Adjusted Performance of (0.25) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ziel Home holds a performance score of 7. The firm maintains a market beta of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ziel Home are expected to decrease at a much lower rate. During the bear market, Ziel Home is likely to outperform the market. Please check Ziel Home's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Ziel Home's historical returns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Ziel Home Furnishing has very weak reverse predictability. Overlapping area represents the amount of predictability between Ziel Home time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Ziel Home Furnishing price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Ziel Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Ziel Home Furnishing lagged returns against current returns
Autocorrelation, which is Ziel Home 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 Ziel Home's stock expected returns. We can calculate the autocorrelation of Ziel Home returns to help us make a trade decision. For example, suppose you find that Ziel Home 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 |
Ziel Home 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 Ziel Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ziel Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ziel Home stock over time.
Current vs Lagged Prices |
| Timeline |
Ziel Home Lagged Returns
When evaluating Ziel Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ziel Home stock have on its future price. Ziel Home 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, Ziel Home autocorrelation shows the relationship between Ziel Home stock current value and its past values and can show if there is a momentum factor associated with investing in Ziel Home Furnishing.
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 Ziel Stock
Ziel Home financial ratios help investors to determine whether Ziel 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 Ziel with respect to the benefits of owning Ziel Home security.