ZENTIVA SA (Romania) Market Value
| SCD Stock | 4.52 0.00 0.00% |
| Symbol | ZENTIVA |
ZENTIVA SA '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 ZENTIVA SA'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 ZENTIVA SA.
| 11/03/2025 |
| 02/01/2026 |
If you would invest 0.00 in ZENTIVA SA on November 3, 2025 and sell it all today you would earn a total of 0.00 from holding ZENTIVA SA or generate 0.0% return on investment in ZENTIVA SA over 90 days.
ZENTIVA SA 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 ZENTIVA SA'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 ZENTIVA SA upside and downside potential and time the market with a certain degree of confidence.
ZENTIVA SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZENTIVA SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZENTIVA SA's standard deviation. In reality, there are many statistical measures that can use ZENTIVA SA historical prices to predict the future ZENTIVA SA's volatility.ZENTIVA SA Backtested Returns
We have found three technical indicators for ZENTIVA SA, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and ZENTIVA SA are completely uncorrelated. ZENTIVA SA currently maintains a risk of 0.0%. Please check out ZENTIVA SA relative strength index , to decide if ZENTIVA SA will be following its historical returns.
Auto-correlation | 1.00 |
Perfect predictability
ZENTIVA SA has perfect predictability. Overlapping area represents the amount of predictability between ZENTIVA SA time series from 3rd of November 2025 to 18th of December 2025 and 18th of December 2025 to 1st of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ZENTIVA SA price movement. The serial correlation of 1.0 indicates that 100.0% of current ZENTIVA SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pair Trading with ZENTIVA SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZENTIVA SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZENTIVA SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ZENTIVA SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZENTIVA SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZENTIVA SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZENTIVA SA to buy it.
The correlation of ZENTIVA SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZENTIVA SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZENTIVA SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ZENTIVA SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.