ZAMBIA REINSURANCE's market value is the price at which a share of ZAMBIA REINSURANCE trades on a public exchange. It measures the collective expectations of ZAMBIA REINSURANCE PLC investors about its performance. ZAMBIA REINSURANCE is trading at 2.70 as of the 22nd of November 2024, a No Change since the beginning of the trading day. The stock's open price was 2.7. With this module, you can estimate the performance of a buy and hold strategy of ZAMBIA REINSURANCE PLC and determine expected loss or profit from investing in ZAMBIA REINSURANCE 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 gross domestic product.
Symbol
ZAMBIA
ZAMBIA REINSURANCE '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 ZAMBIA REINSURANCE'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 ZAMBIA REINSURANCE.
0.00
04/02/2023
No Change 0.00
0.0
In 1 year 7 months and 24 days
11/22/2024
0.00
If you would invest 0.00 in ZAMBIA REINSURANCE on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding ZAMBIA REINSURANCE PLC or generate 0.0% return on investment in ZAMBIA REINSURANCE over 600 days.
ZAMBIA REINSURANCE 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 ZAMBIA REINSURANCE'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 ZAMBIA REINSURANCE PLC 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 ZAMBIA REINSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBIA REINSURANCE's standard deviation. In reality, there are many statistical measures that can use ZAMBIA REINSURANCE historical prices to predict the future ZAMBIA REINSURANCE's volatility.
At this point, ZAMBIA REINSURANCE is somewhat reliable. ZAMBIA REINSURANCE PLC shows Sharpe Ratio of 0.0032, which attests that the company had a 0.0032% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for ZAMBIA REINSURANCE PLC, which you can use to evaluate the volatility of the entity. Please check out ZAMBIA REINSURANCE's Mean Deviation of 0.2133, risk adjusted performance of (0.05), and Standard Deviation of 0.7751 to validate if the risk estimate we provide is consistent with the expected return of 0.0021%. The firm maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZAMBIA REINSURANCE are expected to decrease at a much lower rate. During the bear market, ZAMBIA REINSURANCE is likely to outperform the market. ZAMBIA REINSURANCE PLC currently maintains a risk of 0.66%. Please check out ZAMBIA REINSURANCE PLC treynor ratio and rate of daily change , to decide if ZAMBIA REINSURANCE PLC will be following its historical returns.
Auto-correlation
0.00
No correlation between past and present
ZAMBIA REINSURANCE PLC has no correlation between past and present. Overlapping area represents the amount of predictability between ZAMBIA REINSURANCE time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 ZAMBIA REINSURANCE PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current ZAMBIA REINSURANCE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
0.6
Residual Average
0.0
Price Variance
0.0
ZAMBIA REINSURANCE PLC lagged returns against current returns
Autocorrelation, which is ZAMBIA REINSURANCE 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 ZAMBIA REINSURANCE's stock expected returns. We can calculate the autocorrelation of ZAMBIA REINSURANCE returns to help us make a trade decision. For example, suppose you find that ZAMBIA REINSURANCE 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
ZAMBIA REINSURANCE 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 ZAMBIA REINSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBIA REINSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBIA REINSURANCE stock over time.
Current vs Lagged Prices
Timeline
ZAMBIA REINSURANCE Lagged Returns
When evaluating ZAMBIA REINSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBIA REINSURANCE stock have on its future price. ZAMBIA REINSURANCE 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, ZAMBIA REINSURANCE autocorrelation shows the relationship between ZAMBIA REINSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBIA REINSURANCE PLC.
Regressed Prices
Timeline
Also Currently Popular
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.