ZIJIN MINH (Germany) Market Value
| FJZB Stock | EUR 39.60 4.60 13.14% |
| Symbol | ZIJIN |
ZIJIN MINH '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 ZIJIN MINH'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 ZIJIN MINH.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ZIJIN MINH on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ZIJIN MINH UNSPADR20 or generate 0.0% return on investment in ZIJIN MINH over 540 days. ZIJIN MINH is related to or competes with Lifeway Foods, BJs Restaurants, Calibre Mining, and SENECA FOODS-A. Zijin Mining Group Company Limited engages in prospecting, exploration, and mining mineral resources in Mainland China More
ZIJIN MINH 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 ZIJIN MINH'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 ZIJIN MINH UNSPADR20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.39 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.18 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 5.7 |
ZIJIN MINH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZIJIN MINH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZIJIN MINH's standard deviation. In reality, there are many statistical measures that can use ZIJIN MINH historical prices to predict the future ZIJIN MINH's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0642 |
ZIJIN MINH UNSPADR20 Backtested Returns
ZIJIN MINH appears to be not too volatile, given 3 months investment horizon. ZIJIN MINH UNSPADR20 shows Sharpe Ratio of 0.0881, which attests that the company had a 0.0881% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for ZIJIN MINH UNSPADR20, which you can use to evaluate the volatility of the company. Please utilize ZIJIN MINH's Risk Adjusted Performance of 0.0263, downside deviation of 3.39, and Mean Deviation of 2.54 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZIJIN MINH holds a performance score of 6. The firm maintains a market beta of 1.21, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ZIJIN MINH will likely underperform. Please check ZIJIN MINH's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether ZIJIN MINH's historical returns will revert.
Auto-correlation | 0.33 |
Below average predictability
ZIJIN MINH UNSPADR20 has below average predictability. Overlapping area represents the amount of predictability between ZIJIN MINH time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 ZIJIN MINH UNSPADR20 price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current ZIJIN MINH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 10.95 |
ZIJIN MINH UNSPADR20 lagged returns against current returns
Autocorrelation, which is ZIJIN MINH 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 ZIJIN MINH's stock expected returns. We can calculate the autocorrelation of ZIJIN MINH returns to help us make a trade decision. For example, suppose you find that ZIJIN MINH 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 |
ZIJIN MINH 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 ZIJIN MINH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZIJIN MINH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZIJIN MINH stock over time.
Current vs Lagged Prices |
| Timeline |
ZIJIN MINH Lagged Returns
When evaluating ZIJIN MINH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZIJIN MINH stock have on its future price. ZIJIN MINH 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, ZIJIN MINH autocorrelation shows the relationship between ZIJIN MINH stock current value and its past values and can show if there is a momentum factor associated with investing in ZIJIN MINH UNSPADR20.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ZIJIN Stock
ZIJIN MINH financial ratios help investors to determine whether ZIJIN 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 ZIJIN with respect to the benefits of owning ZIJIN MINH security.