ZINC MEDIA's market value is the price at which a share of ZINC MEDIA trades on a public exchange. It measures the collective expectations of ZINC MEDIA GR investors about its performance. ZINC MEDIA is trading at 0.68 as of the 23rd of November 2024. This is a 2.86% down since the beginning of the trading day. The stock's lowest day price was 0.68. With this module, you can estimate the performance of a buy and hold strategy of ZINC MEDIA GR and determine expected loss or profit from investing in ZINC MEDIA over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
ZINC
ZINC MEDIA '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 ZINC MEDIA'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 ZINC MEDIA.
0.00
09/30/2023
No Change 0.00
0.0
In 1 year 1 month and 24 days
11/23/2024
0.00
If you would invest 0.00 in ZINC MEDIA on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding ZINC MEDIA GR or generate 0.0% return on investment in ZINC MEDIA over 420 days.
ZINC MEDIA 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 ZINC MEDIA'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 ZINC MEDIA GR upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZINC MEDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZINC MEDIA's standard deviation. In reality, there are many statistical measures that can use ZINC MEDIA historical prices to predict the future ZINC MEDIA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ZINC MEDIA. Your research has to be compared to or analyzed against ZINC MEDIA's peers to derive any actionable benefits. When done correctly, ZINC MEDIA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ZINC MEDIA GR.
ZINC MEDIA GR Backtested Returns
ZINC MEDIA GR shows Sharpe Ratio of -0.0964, which attests that the company had a -0.0964% return per unit of standard deviation over the last 3 months. ZINC MEDIA GR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZINC MEDIA's Mean Deviation of 1.08, risk adjusted performance of (0.06), and Standard Deviation of 2.08 to validate the risk estimate we provide. The firm maintains a market beta of 0.0046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZINC MEDIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZINC MEDIA is expected to be smaller as well. At this point, ZINC MEDIA GR has a negative expected return of -0.21%. Please make sure to check out ZINC MEDIA's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if ZINC MEDIA GR performance from the past will be repeated at some future point.
Auto-correlation
0.87
Very good predictability
ZINC MEDIA GR has very good predictability. Overlapping area represents the amount of predictability between ZINC MEDIA time series from 30th of September 2023 to 27th of April 2024 and 27th of April 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 ZINC MEDIA GR price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current ZINC MEDIA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.87
Spearman Rank Test
0.81
Residual Average
0.0
Price Variance
0.01
ZINC MEDIA GR lagged returns against current returns
Autocorrelation, which is ZINC MEDIA 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 ZINC MEDIA's stock expected returns. We can calculate the autocorrelation of ZINC MEDIA returns to help us make a trade decision. For example, suppose you find that ZINC MEDIA 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
ZINC MEDIA 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 ZINC MEDIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZINC MEDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZINC MEDIA stock over time.
Current vs Lagged Prices
Timeline
ZINC MEDIA Lagged Returns
When evaluating ZINC MEDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZINC MEDIA stock have on its future price. ZINC MEDIA 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, ZINC MEDIA autocorrelation shows the relationship between ZINC MEDIA stock current value and its past values and can show if there is a momentum factor associated with investing in ZINC MEDIA GR.