ZAMBEEF PRODUCTS (Zambia) Market Value
| ZAMBEEF Stock | 2.13 0.00 0.00% |
| Symbol | ZAMBEEF |
ZAMBEEF PRODUCTS '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 ZAMBEEF PRODUCTS'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 ZAMBEEF PRODUCTS.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ZAMBEEF PRODUCTS on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ZAMBEEF PRODUCTS PLC or generate 0.0% return on investment in ZAMBEEF PRODUCTS over 30 days.
ZAMBEEF PRODUCTS 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 ZAMBEEF PRODUCTS'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 ZAMBEEF PRODUCTS PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.9479 |
ZAMBEEF PRODUCTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAMBEEF PRODUCTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBEEF PRODUCTS's standard deviation. In reality, there are many statistical measures that can use ZAMBEEF PRODUCTS historical prices to predict the future ZAMBEEF PRODUCTS's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.1642 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZAMBEEF PRODUCTS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZAMBEEF PRODUCTS PLC Backtested Returns
ZAMBEEF PRODUCTS PLC shows Sharpe Ratio of -0.0118, which attests that the company had a -0.0118% return per unit of standard deviation over the last 3 months. ZAMBEEF PRODUCTS PLC exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZAMBEEF PRODUCTS's Standard Deviation of 1.22, mean deviation of 0.4203, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The firm maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZAMBEEF PRODUCTS are expected to decrease at a much lower rate. During the bear market, ZAMBEEF PRODUCTS is likely to outperform the market. At this point, ZAMBEEF PRODUCTS PLC has a negative expected return of -0.0148%. Please make sure to check out ZAMBEEF PRODUCTS's jensen alpha, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if ZAMBEEF PRODUCTS PLC performance from the past will be repeated at future time.
Auto-correlation | 0.00 |
No correlation between past and present
ZAMBEEF PRODUCTS PLC has no correlation between past and present. Overlapping area represents the amount of predictability between ZAMBEEF PRODUCTS time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 ZAMBEEF PRODUCTS PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current ZAMBEEF PRODUCTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZAMBEEF PRODUCTS PLC lagged returns against current returns
Autocorrelation, which is ZAMBEEF PRODUCTS 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 ZAMBEEF PRODUCTS's stock expected returns. We can calculate the autocorrelation of ZAMBEEF PRODUCTS returns to help us make a trade decision. For example, suppose you find that ZAMBEEF PRODUCTS 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 |
ZAMBEEF PRODUCTS 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 ZAMBEEF PRODUCTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBEEF PRODUCTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBEEF PRODUCTS stock over time.
Current vs Lagged Prices |
| Timeline |
ZAMBEEF PRODUCTS Lagged Returns
When evaluating ZAMBEEF PRODUCTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBEEF PRODUCTS stock have on its future price. ZAMBEEF PRODUCTS 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, ZAMBEEF PRODUCTS autocorrelation shows the relationship between ZAMBEEF PRODUCTS stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBEEF PRODUCTS PLC.
Regressed Prices |
| Timeline |