Zalaris ASA (Norway) Market Value
| ZAL Stock | NOK 66.20 0.80 1.19% |
| Symbol | Zalaris |
Zalaris ASA '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 Zalaris ASA'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 Zalaris ASA.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Zalaris ASA on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Zalaris ASA or generate 0.0% return on investment in Zalaris ASA over 570 days. Zalaris ASA is related to or competes with NRC Group, Kitron ASA, Kid ASA, XXL ASA, and Multiconsult. Zalaris ASA provides full-service outsourced personnel and payroll services in Norway, Sweden, Denmark, Finland, and int... More
Zalaris ASA 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 Zalaris ASA'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 Zalaris ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.55 |
Zalaris ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zalaris ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zalaris ASA's standard deviation. In reality, there are many statistical measures that can use Zalaris ASA historical prices to predict the future Zalaris ASA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 3.1 |
Zalaris ASA Backtested Returns
Zalaris ASA shows Sharpe Ratio of -0.0605, which attests that the company had a -0.0605% return per unit of risk over the last 3 months. Zalaris ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zalaris ASA's Market Risk Adjusted Performance of 3.11, standard deviation of 1.79, and Mean Deviation of 1.3 to validate the risk estimate we provide. The firm maintains a market beta of -0.04, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zalaris ASA are expected to decrease at a much lower rate. During the bear market, Zalaris ASA is likely to outperform the market. At this point, Zalaris ASA has a negative expected return of -0.11%. Please make sure to check out Zalaris ASA's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Zalaris ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Zalaris ASA has poor predictability. Overlapping area represents the amount of predictability between Zalaris ASA time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Zalaris ASA price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Zalaris ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 40.34 |
Zalaris ASA lagged returns against current returns
Autocorrelation, which is Zalaris ASA 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 Zalaris ASA's stock expected returns. We can calculate the autocorrelation of Zalaris ASA returns to help us make a trade decision. For example, suppose you find that Zalaris ASA 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 |
Zalaris ASA 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 Zalaris ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zalaris ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zalaris ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Zalaris ASA Lagged Returns
When evaluating Zalaris ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zalaris ASA stock have on its future price. Zalaris ASA 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, Zalaris ASA autocorrelation shows the relationship between Zalaris ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Zalaris ASA.
Regressed Prices |
| Timeline |
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Zalaris ASA financial ratios help investors to determine whether Zalaris Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zalaris with respect to the benefits of owning Zalaris ASA security.