Zagrebacka Banka (Croatia) Market Value
| ZABA Stock | 25.10 0.10 0.40% |
| Symbol | Zagrebacka |
Zagrebacka Banka '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 Zagrebacka Banka'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 Zagrebacka Banka.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Zagrebacka Banka on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Zagrebacka Banka dd or generate 0.0% return on investment in Zagrebacka Banka over 720 days. Zagrebacka Banka is related to or competes with Dalekovod, Podravka Prehrambena. More
Zagrebacka Banka 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 Zagrebacka Banka'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 Zagrebacka Banka dd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.2191 | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 2.5 |
Zagrebacka Banka Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zagrebacka Banka's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zagrebacka Banka's standard deviation. In reality, there are many statistical measures that can use Zagrebacka Banka historical prices to predict the future Zagrebacka Banka's volatility.| Risk Adjusted Performance | 0.231 | |||
| Jensen Alpha | 0.3668 | |||
| Total Risk Alpha | 0.1943 | |||
| Sortino Ratio | 0.2224 | |||
| Treynor Ratio | 1.27 |
Zagrebacka Banka Backtested Returns
Zagrebacka Banka appears to be very steady, given 3 months investment horizon. Zagrebacka Banka shows Sharpe Ratio of 0.32, which attests that the company had a 0.32% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zagrebacka Banka, which you can use to evaluate the volatility of the company. Please utilize Zagrebacka Banka's Market Risk Adjusted Performance of 1.28, mean deviation of 0.9111, and Downside Deviation of 1.3 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zagrebacka Banka holds a performance score of 25. The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zagrebacka Banka's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zagrebacka Banka is expected to be smaller as well. Please check Zagrebacka Banka's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Zagrebacka Banka's historical returns will revert.
Auto-correlation | 0.81 |
Very good predictability
Zagrebacka Banka dd has very good predictability. Overlapping area represents the amount of predictability between Zagrebacka Banka time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Zagrebacka Banka price movement. The serial correlation of 0.81 indicates that around 81.0% of current Zagrebacka Banka price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 4.09 |
Zagrebacka Banka lagged returns against current returns
Autocorrelation, which is Zagrebacka Banka 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 Zagrebacka Banka's stock expected returns. We can calculate the autocorrelation of Zagrebacka Banka returns to help us make a trade decision. For example, suppose you find that Zagrebacka Banka 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 |
Zagrebacka Banka 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 Zagrebacka Banka stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zagrebacka Banka stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zagrebacka Banka stock over time.
Current vs Lagged Prices |
| Timeline |
Zagrebacka Banka Lagged Returns
When evaluating Zagrebacka Banka's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zagrebacka Banka stock have on its future price. Zagrebacka Banka 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, Zagrebacka Banka autocorrelation shows the relationship between Zagrebacka Banka stock current value and its past values and can show if there is a momentum factor associated with investing in Zagrebacka Banka dd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Zagrebacka Stock Analysis
When running Zagrebacka Banka's price analysis, check to measure Zagrebacka Banka'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 Zagrebacka Banka is operating at the current time. Most of Zagrebacka Banka's value examination focuses on studying past and present price action to predict the probability of Zagrebacka Banka's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zagrebacka Banka's price. Additionally, you may evaluate how the addition of Zagrebacka Banka to your portfolios can decrease your overall portfolio volatility.