ZAMBIA BATA (Zambia) Market Value
| BATA Stock | 6.00 0.50 9.09% |
| Symbol | ZAMBIA |
ZAMBIA BATA '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 ZAMBIA BATA'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 ZAMBIA BATA.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ZAMBIA BATA on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding ZAMBIA BATA SHOE or generate 0.0% return on investment in ZAMBIA BATA over 720 days.
ZAMBIA BATA 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 ZAMBIA BATA'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 ZAMBIA BATA SHOE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 2.33 |
ZAMBIA BATA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAMBIA BATA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBIA BATA's standard deviation. In reality, there are many statistical measures that can use ZAMBIA BATA historical prices to predict the future ZAMBIA BATA's volatility.| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.0497 |
ZAMBIA BATA SHOE Backtested Returns
Currently, ZAMBIA BATA SHOE is slightly risky. ZAMBIA BATA SHOE shows Sharpe Ratio of 0.0157, which attests that the company had a 0.0157% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for ZAMBIA BATA SHOE, which you can use to evaluate the volatility of the entity. Please check out ZAMBIA BATA's Mean Deviation of 0.9333, risk adjusted performance of 0.0193, and Standard Deviation of 3.05 to validate if the risk estimate we provide is consistent with the expected return of 0.0485%. ZAMBIA BATA has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZAMBIA BATA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZAMBIA BATA is expected to be smaller as well. ZAMBIA BATA SHOE currently maintains a risk of 3.1%. Please check out ZAMBIA BATA SHOE information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if ZAMBIA BATA SHOE will be following its historical returns.
Auto-correlation | 0.70 |
Good predictability
ZAMBIA BATA SHOE has good predictability. Overlapping area represents the amount of predictability between ZAMBIA BATA time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 ZAMBIA BATA SHOE price movement. The serial correlation of 0.7 indicates that around 70.0% of current ZAMBIA BATA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
ZAMBIA BATA SHOE lagged returns against current returns
Autocorrelation, which is ZAMBIA BATA 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 ZAMBIA BATA's stock expected returns. We can calculate the autocorrelation of ZAMBIA BATA returns to help us make a trade decision. For example, suppose you find that ZAMBIA BATA 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 |
ZAMBIA BATA 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 ZAMBIA BATA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBIA BATA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBIA BATA stock over time.
Current vs Lagged Prices |
| Timeline |
ZAMBIA BATA Lagged Returns
When evaluating ZAMBIA BATA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBIA BATA stock have on its future price. ZAMBIA BATA 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, ZAMBIA BATA autocorrelation shows the relationship between ZAMBIA BATA stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBIA BATA SHOE.
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.Additional Tools for ZAMBIA Stock Analysis
When running ZAMBIA BATA's price analysis, check to measure ZAMBIA BATA'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 ZAMBIA BATA is operating at the current time. Most of ZAMBIA BATA's value examination focuses on studying past and present price action to predict the probability of ZAMBIA BATA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZAMBIA BATA's price. Additionally, you may evaluate how the addition of ZAMBIA BATA to your portfolios can decrease your overall portfolio volatility.