Zeon (Germany) Market Value
| NZE Stock | EUR 8.80 0.20 2.33% |
| Symbol | Zeon |
Zeon '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 Zeon'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 Zeon.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Zeon on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zeon Corporation or generate 0.0% return on investment in Zeon over 60 days. Zeon is related to or competes with Bridgestone, Advanced Drainage, Sumitomo Rubber, Polyplex (Thailand). ZEON Corporation engages in the elastomers, specialty materials, and other businesses More
Zeon 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 Zeon'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 Zeon Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0976 | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.78 |
Zeon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zeon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zeon's standard deviation. In reality, there are many statistical measures that can use Zeon historical prices to predict the future Zeon's volatility.| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.2844 | |||
| Total Risk Alpha | 0.0185 | |||
| Sortino Ratio | 0.1146 | |||
| Treynor Ratio | 10.77 |
Zeon Backtested Returns
Zeon appears to be not too volatile, given 3 months investment horizon. Zeon shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zeon, which you can use to evaluate the volatility of the company. Please utilize Zeon's Market Risk Adjusted Performance of 10.78, downside deviation of 1.46, and Mean Deviation of 1.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zeon holds a performance score of 14. The firm maintains a market beta of 0.0267, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zeon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zeon is expected to be smaller as well. Please check Zeon's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Zeon's historical returns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Zeon Corporation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zeon time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Zeon price movement. The serial correlation of -0.17 indicates that over 17.0% of current Zeon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Zeon lagged returns against current returns
Autocorrelation, which is Zeon 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 Zeon's stock expected returns. We can calculate the autocorrelation of Zeon returns to help us make a trade decision. For example, suppose you find that Zeon 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 |
Zeon 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 Zeon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zeon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zeon stock over time.
Current vs Lagged Prices |
| Timeline |
Zeon Lagged Returns
When evaluating Zeon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zeon stock have on its future price. Zeon 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, Zeon autocorrelation shows the relationship between Zeon stock current value and its past values and can show if there is a momentum factor associated with investing in Zeon Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zeon Stock
Zeon financial ratios help investors to determine whether Zeon 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 Zeon with respect to the benefits of owning Zeon security.