ZYMEWORKS DL-00001's market value is the price at which a share of ZYMEWORKS DL-00001 trades on a public exchange. It measures the collective expectations of ZYMEWORKS DL 00001 investors about its performance. ZYMEWORKS DL-00001 is trading at 12.50 as of the 25th of November 2024. This is a 8.09% down since the beginning of the trading day. The stock's lowest day price was 12.5. With this module, you can estimate the performance of a buy and hold strategy of ZYMEWORKS DL 00001 and determine expected loss or profit from investing in ZYMEWORKS DL-00001 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 board of governors.
Symbol
ZYMEWORKS
ZYMEWORKS DL-00001 '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 ZYMEWORKS DL-00001'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 ZYMEWORKS DL-00001.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in ZYMEWORKS DL-00001 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ZYMEWORKS DL 00001 or generate 0.0% return on investment in ZYMEWORKS DL-00001 over 30 days.
ZYMEWORKS DL-00001 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 ZYMEWORKS DL-00001'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 ZYMEWORKS DL 00001 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 ZYMEWORKS DL-00001's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZYMEWORKS DL-00001's standard deviation. In reality, there are many statistical measures that can use ZYMEWORKS DL-00001 historical prices to predict the future ZYMEWORKS DL-00001's volatility.
ZYMEWORKS DL-00001 appears to be somewhat reliable, given 3 months investment horizon. ZYMEWORKS DL 00001 shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for ZYMEWORKS DL 00001, which you can use to evaluate the volatility of the company. Please utilize ZYMEWORKS DL-00001's Risk Adjusted Performance of 0.0922, downside deviation of 4.5, and Mean Deviation of 1.99 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZYMEWORKS DL-00001 holds a performance score of 8. The firm maintains a market beta of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZYMEWORKS DL-00001 are expected to decrease at a much lower rate. During the bear market, ZYMEWORKS DL-00001 is likely to outperform the market. Please check ZYMEWORKS DL-00001's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether ZYMEWORKS DL-00001's historical returns will revert.
Auto-correlation
0.44
Average predictability
ZYMEWORKS DL 00001 has average predictability. Overlapping area represents the amount of predictability between ZYMEWORKS DL-00001 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 ZYMEWORKS DL 00001 price movement. The serial correlation of 0.44 indicates that just about 44.0% of current ZYMEWORKS DL-00001 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.97
Residual Average
0.0
Price Variance
0.26
ZYMEWORKS DL 00001 lagged returns against current returns
Autocorrelation, which is ZYMEWORKS DL-00001 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 ZYMEWORKS DL-00001's stock expected returns. We can calculate the autocorrelation of ZYMEWORKS DL-00001 returns to help us make a trade decision. For example, suppose you find that ZYMEWORKS DL-00001 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
ZYMEWORKS DL-00001 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 ZYMEWORKS DL-00001 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZYMEWORKS DL-00001 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZYMEWORKS DL-00001 stock over time.
Current vs Lagged Prices
Timeline
ZYMEWORKS DL-00001 Lagged Returns
When evaluating ZYMEWORKS DL-00001's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZYMEWORKS DL-00001 stock have on its future price. ZYMEWORKS DL-00001 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, ZYMEWORKS DL-00001 autocorrelation shows the relationship between ZYMEWORKS DL-00001 stock current value and its past values and can show if there is a momentum factor associated with investing in ZYMEWORKS DL 00001.