RIO ZIM (Zimbabwe) Market Value
| RIOZ Stock | 130.00 0.00 0.00% |
| Symbol | RIO |
RIO ZIM '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 RIO ZIM'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 RIO ZIM.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in RIO ZIM on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding RIO ZIM LIMITED or generate 0.0% return on investment in RIO ZIM over 720 days.
RIO ZIM 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 RIO ZIM'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 RIO ZIM LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 6.47 |
RIO ZIM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RIO ZIM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RIO ZIM's standard deviation. In reality, there are many statistical measures that can use RIO ZIM historical prices to predict the future RIO ZIM's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.03) |
RIO ZIM LIMITED Backtested Returns
RIO ZIM LIMITED maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of standard deviation over the last 3 months. RIO ZIM LIMITED exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RIO ZIM's Market Risk Adjusted Performance of (1.02), coefficient of variation of (737.50), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, RIO ZIM's returns are expected to increase less than the market. However, during the bear market, the loss of holding RIO ZIM is expected to be smaller as well. At this point, RIO ZIM LIMITED has a negative expected return of -0.11%. Please make sure to check RIO ZIM's skewness, as well as the relationship between the rate of daily change and day typical price , to decide if RIO ZIM LIMITED performance from the past will be repeated at future time.
Auto-correlation | -0.44 |
Modest reverse predictability
RIO ZIM LIMITED has modest reverse predictability. Overlapping area represents the amount of predictability between RIO ZIM time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 RIO ZIM LIMITED price movement. The serial correlation of -0.44 indicates that just about 44.0% of current RIO ZIM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 B |
RIO ZIM LIMITED lagged returns against current returns
Autocorrelation, which is RIO ZIM 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 RIO ZIM's stock expected returns. We can calculate the autocorrelation of RIO ZIM returns to help us make a trade decision. For example, suppose you find that RIO ZIM 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 |
RIO ZIM 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 RIO ZIM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RIO ZIM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RIO ZIM stock over time.
Current vs Lagged Prices |
| Timeline |
RIO ZIM Lagged Returns
When evaluating RIO ZIM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RIO ZIM stock have on its future price. RIO ZIM 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, RIO ZIM autocorrelation shows the relationship between RIO ZIM stock current value and its past values and can show if there is a momentum factor associated with investing in RIO ZIM LIMITED.
Regressed Prices |
| Timeline |
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When running RIO ZIM's price analysis, check to measure RIO ZIM'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 RIO ZIM is operating at the current time. Most of RIO ZIM's value examination focuses on studying past and present price action to predict the probability of RIO ZIM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RIO ZIM's price. Additionally, you may evaluate how the addition of RIO ZIM to your portfolios can decrease your overall portfolio volatility.