ZAMBIA NATIONAL (Zambia) Market Value
| ZANACO Stock | 5.79 0.01 0.17% |
| Symbol | ZAMBIA |
ZAMBIA NATIONAL '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 NATIONAL'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 NATIONAL.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ZAMBIA NATIONAL on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding ZAMBIA NATIONAL MERCIAL or generate 0.0% return on investment in ZAMBIA NATIONAL over 720 days.
ZAMBIA NATIONAL 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 NATIONAL'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 NATIONAL MERCIAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.24) | |||
| Maximum Drawdown | 0.6861 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1715 |
ZAMBIA NATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAMBIA NATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAMBIA NATIONAL's standard deviation. In reality, there are many statistical measures that can use ZAMBIA NATIONAL historical prices to predict the future ZAMBIA NATIONAL's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (4.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZAMBIA NATIONAL'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.
ZAMBIA NATIONAL MERCIAL Backtested Returns
ZAMBIA NATIONAL MERCIAL 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. ZAMBIA NATIONAL MERCIAL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZAMBIA NATIONAL's Risk Adjusted Performance of (0.13), mean deviation of 0.0776, and Standard Deviation of 0.1215 to validate the risk estimate we provide. The firm maintains a market beta of 0.0056, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZAMBIA NATIONAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZAMBIA NATIONAL is expected to be smaller as well. At this point, ZAMBIA NATIONAL MERCIAL has a negative expected return of -0.0134%. Please make sure to check out ZAMBIA NATIONAL's daily balance of power, and the relationship between the potential upside and day typical price , to decide if ZAMBIA NATIONAL MERCIAL performance from the past will be repeated at future time.
Auto-correlation | 0.49 |
Average predictability
ZAMBIA NATIONAL MERCIAL has average predictability. Overlapping area represents the amount of predictability between ZAMBIA NATIONAL time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 ZAMBIA NATIONAL MERCIAL price movement. The serial correlation of 0.49 indicates that about 49.0% of current ZAMBIA NATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
ZAMBIA NATIONAL MERCIAL lagged returns against current returns
Autocorrelation, which is ZAMBIA NATIONAL 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 NATIONAL's stock expected returns. We can calculate the autocorrelation of ZAMBIA NATIONAL returns to help us make a trade decision. For example, suppose you find that ZAMBIA NATIONAL 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 NATIONAL 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 NATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAMBIA NATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAMBIA NATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
ZAMBIA NATIONAL Lagged Returns
When evaluating ZAMBIA NATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAMBIA NATIONAL stock have on its future price. ZAMBIA NATIONAL 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 NATIONAL autocorrelation shows the relationship between ZAMBIA NATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in ZAMBIA NATIONAL MERCIAL.
Regressed Prices |
| Timeline |