ZANAGA IRON (Germany) Market Value
| 6ZA Stock | 0.03 0 4.55% |
| Symbol | ZANAGA |
ZANAGA IRON '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 ZANAGA IRON'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 ZANAGA IRON.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ZANAGA IRON on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding ZANAGA IRON ORE or generate 0.0% return on investment in ZANAGA IRON over 60 days. ZANAGA IRON is related to or competes with LION ONE, Evolution Mining, Cal-Maine Foods, AUSTEVOLL SEAFOOD, ADRIATIC METALS, Perseus Mining, and Tyson Foods. More
ZANAGA IRON 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 ZANAGA IRON'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 ZANAGA IRON ORE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 25.66 | |||
| Value At Risk | (8.89) | |||
| Potential Upside | 6.49 |
ZANAGA IRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZANAGA IRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZANAGA IRON's standard deviation. In reality, there are many statistical measures that can use ZANAGA IRON historical prices to predict the future ZANAGA IRON's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZANAGA IRON'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.
ZANAGA IRON ORE Backtested Returns
ZANAGA IRON ORE shows Sharpe Ratio of -0.0738, which attests that the company had a -0.0738% return per unit of standard deviation over the last 3 months. ZANAGA IRON ORE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZANAGA IRON's Mean Deviation of 3.45, risk adjusted performance of (0.07), and Standard Deviation of 4.81 to validate the risk estimate we provide. The firm maintains a market beta of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZANAGA IRON's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZANAGA IRON is expected to be smaller as well. At this point, ZANAGA IRON ORE has a negative expected return of -0.36%. Please make sure to check out ZANAGA IRON's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if ZANAGA IRON ORE performance from the past will be repeated at future time.
Auto-correlation | 0.72 |
Good predictability
ZANAGA IRON ORE has good predictability. Overlapping area represents the amount of predictability between ZANAGA IRON time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 ZANAGA IRON ORE price movement. The serial correlation of 0.72 indicates that around 72.0% of current ZANAGA IRON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZANAGA IRON ORE lagged returns against current returns
Autocorrelation, which is ZANAGA IRON 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 ZANAGA IRON's stock expected returns. We can calculate the autocorrelation of ZANAGA IRON returns to help us make a trade decision. For example, suppose you find that ZANAGA IRON 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 |
ZANAGA IRON 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 ZANAGA IRON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZANAGA IRON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZANAGA IRON stock over time.
Current vs Lagged Prices |
| Timeline |
ZANAGA IRON Lagged Returns
When evaluating ZANAGA IRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZANAGA IRON stock have on its future price. ZANAGA IRON 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, ZANAGA IRON autocorrelation shows the relationship between ZANAGA IRON stock current value and its past values and can show if there is a momentum factor associated with investing in ZANAGA IRON ORE.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZANAGA Stock Analysis
When running ZANAGA IRON's price analysis, check to measure ZANAGA IRON'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 ZANAGA IRON is operating at the current time. Most of ZANAGA IRON's value examination focuses on studying past and present price action to predict the probability of ZANAGA IRON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZANAGA IRON's price. Additionally, you may evaluate how the addition of ZANAGA IRON to your portfolios can decrease your overall portfolio volatility.