Zaplox AB (Sweden) Market Value
| ZAPLOX Stock | SEK 1.15 0.07 6.48% |
| Symbol | Zaplox |
Zaplox AB '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 Zaplox AB'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 Zaplox AB.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Zaplox AB on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zaplox AB or generate 0.0% return on investment in Zaplox AB over 30 days. Zaplox AB is related to or competes with Lifco AB, Lagercrantz Group, Addtech AB, Instalco Intressenter, and AddLife AB. Zaplox AB provides mobile key solutions for the hospitality industry worldwide More
Zaplox AB 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 Zaplox AB'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 Zaplox AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.25 | |||
| Value At Risk | (7.48) | |||
| Potential Upside | 7.69 |
Zaplox AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zaplox AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zaplox AB's standard deviation. In reality, there are many statistical measures that can use Zaplox AB historical prices to predict the future Zaplox AB's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.43) |
Zaplox AB Backtested Returns
Zaplox AB shows Sharpe Ratio of -0.0463, which attests that the company had a -0.0463% return per unit of risk over the last 3 months. Zaplox AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zaplox AB's Market Risk Adjusted Performance of (0.42), standard deviation of 4.51, and Mean Deviation of 3.32 to validate the risk estimate we provide. The firm maintains a market beta of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zaplox AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zaplox AB is expected to be smaller as well. At this point, Zaplox AB has a negative expected return of -0.21%. Please make sure to check out Zaplox AB's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Zaplox AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Zaplox AB has insignificant predictability. Overlapping area represents the amount of predictability between Zaplox AB time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Zaplox AB price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Zaplox AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Zaplox AB lagged returns against current returns
Autocorrelation, which is Zaplox AB 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 Zaplox AB's stock expected returns. We can calculate the autocorrelation of Zaplox AB returns to help us make a trade decision. For example, suppose you find that Zaplox AB 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 |
Zaplox AB 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 Zaplox AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zaplox AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zaplox AB stock over time.
Current vs Lagged Prices |
| Timeline |
Zaplox AB Lagged Returns
When evaluating Zaplox AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zaplox AB stock have on its future price. Zaplox AB 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, Zaplox AB autocorrelation shows the relationship between Zaplox AB stock current value and its past values and can show if there is a momentum factor associated with investing in Zaplox AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Zaplox Stock
Zaplox AB financial ratios help investors to determine whether Zaplox 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 Zaplox with respect to the benefits of owning Zaplox AB security.