Zapp Electric Vehicles Stock Market Value
| ZAPP Stock | 1.88 0.06 3.09% |
| Symbol | Zapp |
Zapp Electric Vehicles Price To Book Ratio
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zapp Electric. If investors know Zapp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zapp Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (69.80) | Return On Assets (0.72) | Return On Equity (3.13) |
The market value of Zapp Electric Vehicles is measured differently than its book value, which is the value of Zapp that is recorded on the company's balance sheet. Investors also form their own opinion of Zapp Electric's value that differs from its market value or its book value, called intrinsic value, which is Zapp Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zapp Electric's market value can be influenced by many factors that don't directly affect Zapp Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zapp Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zapp Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zapp Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zapp Electric '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 Zapp Electric'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 Zapp Electric.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Zapp Electric on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Zapp Electric Vehicles or generate 0.0% return on investment in Zapp Electric over 30 days. Zapp Electric is related to or competes with Old Dominion, Senmiao Technology, Weibo Corp, Lindblad Expeditions, Nextplat Corp, Stratasys, and BCE. Zapp Electric is entity of United States More
Zapp Electric 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 Zapp Electric'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 Zapp Electric Vehicles upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 24.69 | |||
| Value At Risk | (8.94) | |||
| Potential Upside | 5.84 |
Zapp Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zapp Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zapp Electric's standard deviation. In reality, there are many statistical measures that can use Zapp Electric historical prices to predict the future Zapp Electric's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.37) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | (0.60) |
Zapp Electric Vehicles Backtested Returns
Zapp Electric Vehicles shows Sharpe Ratio of -0.22, which attests that the company had a -0.22% return per unit of risk over the last 3 months. Zapp Electric Vehicles exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zapp Electric's Standard Deviation of 4.97, mean deviation of 3.81, and Market Risk Adjusted Performance of (0.59) to validate the risk estimate we provide. The firm maintains a market beta of 1.9, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zapp Electric will likely underperform. At this point, Zapp Electric Vehicles has a negative expected return of -1.09%. Please make sure to check out Zapp Electric's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Zapp Electric Vehicles performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Zapp Electric Vehicles has average predictability. Overlapping area represents the amount of predictability between Zapp Electric time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Zapp Electric Vehicles price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Zapp Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zapp Electric Vehicles lagged returns against current returns
Autocorrelation, which is Zapp Electric 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 Zapp Electric's stock expected returns. We can calculate the autocorrelation of Zapp Electric returns to help us make a trade decision. For example, suppose you find that Zapp Electric 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 |
Zapp Electric 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 Zapp Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zapp Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zapp Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Zapp Electric Lagged Returns
When evaluating Zapp Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zapp Electric stock have on its future price. Zapp Electric 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, Zapp Electric autocorrelation shows the relationship between Zapp Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Zapp Electric Vehicles.
Regressed Prices |
| Timeline |
Pair Trading with Zapp Electric
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zapp Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zapp Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with Zapp Stock
Moving against Zapp Stock
| 0.91 | EVRI | Everi Holdings | PairCorr |
| 0.82 | AGS | PlayAGS | PairCorr |
| 0.79 | FLXS | Flexsteel Industries | PairCorr |
| 0.78 | DORM | Dorman Products | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
The ability to find closely correlated positions to Zapp Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zapp Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zapp Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zapp Electric Vehicles to buy it.
The correlation of Zapp Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zapp Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zapp Electric Vehicles moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zapp Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Zapp Stock Analysis
When running Zapp Electric's price analysis, check to measure Zapp Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zapp Electric is operating at the current time. Most of Zapp Electric's value examination focuses on studying past and present price action to predict the probability of Zapp Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zapp Electric's price. Additionally, you may evaluate how the addition of Zapp Electric to your portfolios can decrease your overall portfolio volatility.