ZAZZ Energy (Sweden) Market Value
| ZAZZ-B Stock | 0 0.0001 4.76% |
| Symbol | ZAZZ |
ZAZZ Energy '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 ZAZZ Energy'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 ZAZZ Energy.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ZAZZ Energy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ZAZZ Energy of or generate 0.0% return on investment in ZAZZ Energy over 30 days. ZAZZ Energy is related to or competes with Mekonomen, Embellence Group, AAC Clyde, Africa Oil, Momentum Group, Svenska Handelsbanken, and Alcadon Group. More
ZAZZ Energy 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 ZAZZ Energy'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 ZAZZ Energy of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 5.56 |
ZAZZ Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZAZZ Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZAZZ Energy's standard deviation. In reality, there are many statistical measures that can use ZAZZ Energy historical prices to predict the future ZAZZ Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | 1.31 |
ZAZZ Energy Backtested Returns
ZAZZ Energy shows Sharpe Ratio of -0.0252, which attests that the company had a -0.0252% return per unit of risk over the last 3 months. ZAZZ Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZAZZ Energy's Mean Deviation of 3.17, market risk adjusted performance of 1.32, and Standard Deviation of 5.25 to validate the risk estimate we provide. The firm maintains a market beta of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZAZZ Energy are expected to decrease at a much lower rate. During the bear market, ZAZZ Energy is likely to outperform the market. At this point, ZAZZ Energy has a negative expected return of -0.11%. Please make sure to check out ZAZZ Energy's mean deviation, jensen alpha, potential upside, as well as the relationship between the standard deviation and treynor ratio , to decide if ZAZZ Energy performance from the past will be repeated at some future point.
Auto-correlation | 0.17 |
Very weak predictability
ZAZZ Energy of has very weak predictability. Overlapping area represents the amount of predictability between ZAZZ Energy time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 ZAZZ Energy price movement. The serial correlation of 0.17 indicates that over 17.0% of current ZAZZ Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZAZZ Energy lagged returns against current returns
Autocorrelation, which is ZAZZ Energy 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 ZAZZ Energy's stock expected returns. We can calculate the autocorrelation of ZAZZ Energy returns to help us make a trade decision. For example, suppose you find that ZAZZ Energy 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 |
ZAZZ Energy 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 ZAZZ Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZAZZ Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZAZZ Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ZAZZ Energy Lagged Returns
When evaluating ZAZZ Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZAZZ Energy stock have on its future price. ZAZZ Energy 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, ZAZZ Energy autocorrelation shows the relationship between ZAZZ Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ZAZZ Energy of.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ZAZZ Stock
ZAZZ Energy financial ratios help investors to determine whether ZAZZ 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 ZAZZ with respect to the benefits of owning ZAZZ Energy security.